Dark Forest Capital Management LP Makes New $204,000 Investment in Xometry, Inc. (NASDAQ:XMTR)

Dark Forest Capital Management LP purchased a new stake in Xometry, Inc. (NASDAQ:XMTR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,634 shares of the company’s stock, valued at approximately $204,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Xometry by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock worth $65,488,000 after purchasing an additional 76,976 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Xometry in the fourth quarter valued at approximately $21,165,000. Clearbridge Investments LLC boosted its position in Xometry by 20.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after buying an additional 217,939 shares during the period. ARK Investment Management LLC grew its holdings in Xometry by 74.9% during the 2nd quarter. ARK Investment Management LLC now owns 264,937 shares of the company’s stock worth $3,063,000 after acquiring an additional 113,478 shares during the last quarter. Finally, Primecap Management Co. CA increased its position in Xometry by 1.4% in the 2nd quarter. Primecap Management Co. CA now owns 6,804,988 shares of the company’s stock valued at $78,666,000 after acquiring an additional 93,350 shares during the period. 97.31% of the stock is currently owned by institutional investors.

Xometry Price Performance

XMTR stock opened at $18.37 on Tuesday. 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 firm has a market cap of $905.64 million, a price-to-earnings ratio of -13.51 and a beta of 0.58. The company’s fifty day simple moving average is $17.45 and its 200 day simple moving average is $16.10. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $38.74.

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

Wall Street Analyst Weigh In

XMTR has been the topic of a number of recent research reports. Cantor Fitzgerald reduced their price objective on shares of Xometry from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. JMP Securities reaffirmed a “market outperform” rating and set a $27.00 target price on shares of Xometry in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $22.14.

Insiders Place Their Bets

In other news, CTO Matthew Leibel sold 3,400 shares of Xometry stock in a transaction on Friday, September 13th. The shares were sold at an average price of $18.45, for a total value of $62,730.00. Following the completion of the sale, the chief technology officer now owns 82,918 shares in the company, valued at approximately $1,529,837.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders have sold 4,700 shares of company stock worth $78,018. Corporate insiders own 19.23% of the company’s stock.

About Xometry

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.