SG Americas Securities LLC Has $1.25 Million Position in Xometry, Inc. (NASDAQ:XMTR)

SG Americas Securities LLC increased its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 259.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,035 shares of the company’s stock after buying an additional 36,097 shares during the period. SG Americas Securities LLC owned about 0.10% of Xometry worth $1,247,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in XMTR. GAMMA Investing LLC increased its stake in Xometry by 160.1% during the 1st quarter. GAMMA Investing LLC now owns 1,004 shares of the company’s stock valued at $25,000 after purchasing an additional 618 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in Xometry during the fourth quarter valued at about $27,000. Canada Pension Plan Investment Board purchased a new stake in shares of Xometry in the fourth quarter worth about $38,000. Comerica Bank lifted its holdings in shares of Xometry by 195.1% in the fourth quarter. Comerica Bank now owns 1,133 shares of the company’s stock worth $48,000 after buying an additional 749 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new stake in shares of Xometry in the fourth quarter worth about $51,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Xometry Stock Up 1.8%

Shares of XMTR opened at $30.69 on Tuesday. The firm has a market cap of $1.56 billion, a P/E ratio of -29.23 and a beta of 0.84. The stock’s 50 day moving average is $29.34 and its two-hundred day moving average is $31.30. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. 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 Buying and Selling

In other news, Director Emily Rollins sold 10,041 shares of the business’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $30.70, for a total value of $308,258.70. Following the completion of the sale, the director now directly owns 11,105 shares of the company’s stock, valued at approximately $340,923.50. The trade was a 47.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James Miln sold 1,346 shares of the stock in a transaction 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 sale, the chief financial officer now owns 144,713 shares in the company, valued at approximately $3,636,637.69. This trade represents a 0.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,658 shares of company stock valued at $641,813 in the last three months. 9.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on XMTR. 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 research note on Thursday, May 8th. Citigroup lowered their price objective on Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, February 27th. Cantor Fitzgerald lifted their price target on Xometry from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. boosted their target price on Xometry from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 3rd. Finally, Royal Bank of Canada boosted their price target on Xometry from $32.00 to $36.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $35.78.

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.