Tower Research Capital LLC TRC Cuts Holdings in Xometry, Inc. (NASDAQ:XMTR)

Tower Research Capital LLC TRC decreased its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 93.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 625 shares of the company’s stock after selling 8,805 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Xometry were worth $27,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Xometry by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company’s stock valued at $183,151,000 after acquiring an additional 86,997 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Xometry by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 1,004,452 shares of the company’s stock valued at $42,861,000 after acquiring an additional 8,974 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Xometry by 2,144.2% in the 4th quarter. First Trust Advisors LP now owns 817,475 shares of the company’s stock valued at $34,873,000 after acquiring an additional 781,049 shares during the last quarter. Baillie Gifford & Co. purchased a new position in shares of Xometry in the 4th quarter valued at about $30,297,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Xometry by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 528,194 shares of the company’s stock valued at $22,537,000 after acquiring an additional 28,892 shares during the last quarter. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on XMTR shares. The Goldman Sachs Group increased their price objective on Xometry from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, May 8th. UBS Group increased their price objective on Xometry from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Citigroup lowered their target price on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. JPMorgan Chase & Co. reduced their price target on shares of Xometry from $45.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $42.00 price target on shares of Xometry in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.89.

Xometry Price Performance

Shares of NASDAQ:XMTR opened at $34.29 on Friday. The firm’s 50 day moving average is $25.43 and its two-hundred day moving average is $30.56. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33. The firm has a market capitalization of $1.72 billion, a P/E ratio of -32.66 and a beta of 0.71. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.

Insider Activity at Xometry

In related news, CFO James Miln sold 1,346 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $25.13, for a total value of $33,824.98. Following the completion of the transaction, the chief financial officer now owns 144,713 shares of the company’s stock, valued at approximately $3,636,637.69. This trade represents a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Emily Rollins sold 2,000 shares of Xometry stock in a transaction on Monday, April 7th. The shares were sold at an average price of $20.66, for a total transaction of $41,320.00. Following the sale, the director now directly owns 16,146 shares of the company’s stock, valued at $333,576.36. This trade represents a 11.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 85,297 shares of company stock worth $2,214,438 over the last quarter. 9.66% of the stock is currently owned by company insiders.

Xometry Company 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.