Rhumbline Advisers Raises Position in Xometry, Inc. (NASDAQ:XMTR)

Rhumbline Advisers boosted its stake in Xometry, Inc. (NASDAQ:XMTR) by 2.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 60,682 shares of the company’s stock after buying an additional 1,315 shares during the period. Rhumbline Advisers owned 0.12% of Xometry worth $1,512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC bought a new position in shares of Xometry during the fourth quarter valued at approximately $27,000. Canada Pension Plan Investment Board bought a new position in shares of Xometry during the fourth quarter valued at approximately $38,000. Comerica Bank increased its stake in shares of Xometry by 195.1% during the fourth quarter. Comerica Bank now owns 1,133 shares of the company’s stock valued at $48,000 after purchasing an additional 749 shares in the last quarter. CoreCap Advisors LLC bought a new position in shares of Xometry during the fourth quarter valued at approximately $51,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Xometry during the fourth quarter valued at approximately $73,000. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Xometry Stock Up 5.8%

Shares of XMTR stock opened at $32.85 on Thursday. The stock has a market cap of $1.66 billion, a P/E ratio of -33.18 and a beta of 0.84. Xometry, Inc. has a 52 week low of $11.08 and a 52 week high of $45.33. The company has a quick ratio of 3.70, a current ratio of 3.74 and a debt-to-equity ratio of 0.91. The company’s fifty day simple moving average is $29.74 and its two-hundred day simple moving average is $31.31.

Insider Activity at Xometry

In other Xometry news, CFO James Miln sold 1,346 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $25.13, for a total value of $33,824.98. Following the transaction, the chief financial officer now directly owns 144,713 shares in the company, valued at $3,636,637.69. This represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Emily Rollins sold 2,000 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $20.66, for a total transaction of $41,320.00. Following the completion of the transaction, the director now owns 16,146 shares in the company, valued at $333,576.36. This represents a 11.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,658 shares of company stock worth $641,813. Insiders own 9.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada raised their price target 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. JPMorgan Chase & Co. lifted their target price on shares of Xometry from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 3rd. Citigroup cut their target price on shares of 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 target price on shares of Xometry from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group lifted their target price on shares of Xometry from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.78.

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.