Cerity Partners LLC Raises Stock Position in Xometry, Inc. (NASDAQ:XMTR)

Cerity Partners LLC lifted its holdings in shares of Xometry, Inc. (NASDAQ:XMTR) by 1.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,088 shares of the company’s stock after purchasing an additional 1,548 shares during the quarter. Cerity Partners LLC owned about 0.27% of Xometry worth $3,366,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in XMTR. Bank of New York Mellon Corp increased its stake in Xometry by 6.1% during the 1st quarter. Bank of New York Mellon Corp now owns 116,295 shares of the company’s stock worth $2,898,000 after buying an additional 6,690 shares during the period. Principal Financial Group Inc. boosted its position in Xometry by 242.3% in the 1st quarter. Principal Financial Group Inc. now owns 100,903 shares of the company’s stock valued at $2,515,000 after buying an additional 71,425 shares during the period. Vontobel Holding Ltd. purchased a new position in Xometry in the 1st quarter valued at approximately $420,000. Palumbo Wealth Management LLC grew its stake in shares of Xometry by 40.8% in the first quarter. Palumbo Wealth Management LLC now owns 14,263 shares of the company’s stock worth $355,000 after acquiring an additional 4,133 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Xometry by 259.0% during the first quarter. SG Americas Securities LLC now owns 50,035 shares of the company’s stock worth $1,247,000 after acquiring an additional 36,097 shares during the period. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Insider Activity at Xometry

In other Xometry news, CEO Randolph Altschuler sold 9,332 shares of the stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $32.39, for a total value of $302,263.48. Following the transaction, the chief executive officer directly owned 319,602 shares in the company, valued at $10,351,908.78. This represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Emily Rollins sold 10,041 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $30.70, for a total transaction of $308,258.70. Following the sale, the director owned 11,105 shares of the company’s stock, valued at $340,923.50. This represents a 47.48% decrease in their position. The disclosure for this sale can be found here. 9.66% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Citigroup reiterated an “outperform” rating on shares of Xometry in a report on Friday, July 11th. UBS Group increased their price target on Xometry from $33.00 to $35.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price objective on Xometry from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 3rd. Royal Bank Of Canada upped their target price on shares of Xometry from $32.00 to $36.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 7th. Finally, Cantor Fitzgerald raised their target price on shares of Xometry from $20.00 to $21.00 and gave the company an “underweight” rating in a report 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 MarketBeat, Xometry has a consensus rating of “Moderate Buy” and an average target price of $35.78.

Xometry Trading Down 0.5%

XMTR opened at $35.05 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.70 and a current ratio of 3.74. Xometry, Inc. has a one year low of $11.33 and a one year high of $45.33. The company has a market cap of $1.78 billion, a P/E ratio of -35.40 and a beta of 0.83. The business’s 50-day simple moving average is $33.59 and its 200-day simple moving average is $30.77.

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.