Xometry, Inc. (NASDAQ:XMTR) Short Interest Update

Xometry, Inc. (NASDAQ:XMTR) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 5,650,000 shares, agrowthof7,237.7% from the June 30th total of 77,000 shares. Approximately13.4% of the company’s shares are short sold. Based on an average daily volume of 676,900 shares, the days-to-cover ratio is currently 8.3 days. Based on an average daily volume of 676,900 shares, the days-to-cover ratio is currently 8.3 days. Approximately13.4% of the company’s shares are short sold.

Wall Street Analyst Weigh In

XMTR has been the subject of several recent analyst reports. Citigroup restated an “outperform” rating on shares of Xometry in a report on Friday, July 11th. JPMorgan Chase & Co. increased their price target on Xometry from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, June 3rd. UBS Group increased their price target on Xometry from $33.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. The Goldman Sachs Group increased their price target on Xometry from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada increased their price target on Xometry from $32.00 to $36.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.78.

Xometry Stock Down 3.9%

NASDAQ:XMTR opened at $31.07 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. The company has a market cap of $1.57 billion, a PE ratio of -31.38 and a beta of 0.83. Xometry has a 52-week low of $11.33 and a 52-week high of $45.33. The stock has a 50-day simple moving average of $33.39 and a 200 day simple moving average of $30.36.

Insider Transactions at Xometry

In related news, Director Emily Rollins sold 10,041 shares of the company’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 owned 11,105 shares in the company, valued at approximately $340,923.50. This represents a 47.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Randolph Altschuler sold 9,332 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $32.39, for a total value of $302,263.48. Following the completion of the sale, the chief executive officer owned 319,602 shares of the company’s stock, valued at $10,351,908.78. This represents a 2.84% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.66% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Summit Investment Advisors Inc. boosted its position in Xometry by 8.1% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,447 shares of the company’s stock valued at $190,000 after purchasing an additional 333 shares during the last quarter. Corebridge Financial Inc. boosted its position in Xometry by 1.6% during the first quarter. Corebridge Financial Inc. now owns 21,481 shares of the company’s stock valued at $535,000 after purchasing an additional 348 shares during the last quarter. Zevenbergen Capital Investments LLC boosted its position in Xometry by 5.1% during the first quarter. Zevenbergen Capital Investments LLC now owns 10,250 shares of the company’s stock valued at $255,000 after purchasing an additional 500 shares during the last quarter. GAMMA Investing LLC boosted its position in Xometry by 160.1% during the first quarter. GAMMA Investing LLC now owns 1,004 shares of the company’s stock valued at $25,000 after purchasing an additional 618 shares during the last quarter. Finally, State of Wyoming boosted its position in Xometry by 8.2% during the fourth quarter. State of Wyoming now owns 8,876 shares of the company’s stock valued at $379,000 after purchasing an additional 676 shares during the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

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.