Xometry, Inc. (NASDAQ:XMTR) Stake Raised by Comerica Bank

Comerica Bank raised its stake in Xometry, Inc. (NASDAQ:XMTR) by 195.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,133 shares of the company’s stock after buying an additional 749 shares during the period. Comerica Bank’s holdings in Xometry were worth $48,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in shares of Xometry by 32.9% in the 3rd quarter. Franklin Resources Inc. now owns 38,881 shares of the company’s stock valued at $731,000 after purchasing an additional 9,625 shares during the last quarter. Rhumbline Advisers raised its position in shares of Xometry by 5.7% during the fourth quarter. Rhumbline Advisers now owns 59,367 shares of the company’s stock valued at $2,533,000 after buying an additional 3,180 shares during the last quarter. Truist Financial Corp bought a new stake in Xometry in the fourth quarter valued at about $225,000. Principal Financial Group Inc. bought a new stake in Xometry in the fourth quarter valued at about $1,258,000. Finally, Envestnet Asset Management Inc. grew its stake in Xometry by 34.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 35,294 shares of the company’s stock worth $1,506,000 after buying an additional 8,970 shares during the last quarter. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Xometry

In related news, CFO James Miln sold 25,852 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $24.06, for a total transaction of $621,999.12. Following the sale, the chief financial officer now owns 105,238 shares in the company, valued at approximately $2,532,026.28. This represents a 19.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Randolph Altschuler sold 27,566 shares of Xometry stock in a transaction on Friday, February 28th. The stock was sold at an average price of $26.60, for a total value of $733,255.60. Following the sale, the chief executive officer now owns 256,570 shares of the company’s stock, valued at approximately $6,824,762. This trade represents a 9.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 85,297 shares of company stock worth $2,214,438 over the last quarter. Corporate insiders own 9.66% of the company’s stock.

Analyst Ratings Changes

XMTR has been the topic of several analyst reports. The Goldman Sachs Group increased their price objective on shares of Xometry from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, May 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 target price on shares of Xometry in a research report on Monday, February 10th. Royal Bank of Canada lifted their price objective on shares of Xometry from $32.00 to $36.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 7th. Cantor Fitzgerald lifted their price objective on shares of Xometry from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Wednesday, May 7th. Finally, UBS Group raised their target price on shares of Xometry from $33.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.89.

Xometry Trading Down 0.6%

XMTR stock opened at $34.10 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a one year low of $11.08 and a one year high of $45.33. The company has a market capitalization of $1.72 billion, a PE ratio of -32.48 and a beta of 0.71. The company’s 50 day moving average price is $25.60 and its two-hundred day moving average price is $30.80.

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.