Raymond James & Associates Sells 899 Shares of Xometry, Inc. (NASDAQ:XMTR)

Raymond James & Associates trimmed its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 286,400 shares of the company’s stock after selling 899 shares during the period. Raymond James & Associates owned about 0.62% of Xometry worth $3,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Xometry by 13.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock valued at $266,000 after acquiring an additional 894 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in Xometry by 22.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after buying an additional 2,140 shares in the last quarter. Quest Partners LLC bought a new position in Xometry in the fourth quarter worth about $125,000. Charles Schwab Investment Management Inc. raised its stake in Xometry by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 304,341 shares of the company’s stock worth $10,929,000 after buying an additional 5,144 shares in the last quarter. Finally, Values First Advisors Inc. raised its stake in Xometry by 19.5% in the second quarter. Values First Advisors Inc. now owns 56,872 shares of the company’s stock worth $657,000 after buying an additional 9,274 shares in the last quarter. 97.31% of the stock is owned by institutional investors.

Xometry Trading Down 3.0 %

NASDAQ:XMTR opened at $19.64 on Friday. The company’s 50 day moving average price is $15.06 and its 200-day moving average price is $17.02. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $38.74. The company has a quick ratio of 4.60, a current ratio of 4.64 and a debt-to-equity ratio of 0.89. The stock has a market cap of $968.25 million, a price-to-earnings ratio of -14.44 and a beta of 0.53.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.13. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The firm had revenue of $132.60 million for the quarter, compared to analysts’ expectations of $128.65 million. During the same quarter in the prior year, the company posted ($0.55) earnings per share. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities research analysts forecast that Xometry, Inc. will post -0.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on XMTR shares. Craig Hallum decreased their price target on shares of Xometry from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, May 10th. JMP Securities reissued a “market outperform” rating and issued a $27.00 price target on shares of Xometry in a research note on Tuesday, July 23rd. Citigroup decreased their price target on shares of Xometry from $31.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, May 28th. Finally, Cantor Fitzgerald cut their price objective on shares of Xometry from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Xometry currently has a consensus rating of “Hold” and an average price target of $22.14.

Xometry Profile

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.