12,500 Shares in Xometry, Inc. (NASDAQ:XMTR) Acquired by AlphaCentric Advisors LLC

AlphaCentric Advisors LLC bought a new position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,500 shares of the company's stock, valued at approximately $533,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Xometry by 40.2% during the third quarter. FMR LLC now owns 4,078,462 shares of the company's stock valued at $74,921,000 after buying an additional 1,169,778 shares during the last quarter. Baillie Gifford & Co. purchased a new position in shares of Xometry in the fourth quarter valued at $30,297,000. Fred Alger Management LLC increased its stake in Xometry by 20.8% during the third quarter. Fred Alger Management LLC now owns 1,815,696 shares of the company's stock worth $33,354,000 after acquiring an additional 312,971 shares during the last quarter. Sylebra Capital LLC lifted its position in Xometry by 19.1% in the third quarter. Sylebra Capital LLC now owns 1,796,867 shares of the company's stock worth $33,008,000 after buying an additional 288,151 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Xometry by 191.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company's stock valued at $3,981,000 after purchasing an additional 142,262 shares during the last quarter. Institutional investors own 97.31% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on XMTR. Royal Bank of Canada increased their price target on Xometry from $27.00 to $40.00 and gave the stock a "sector perform" rating in a report on Friday, January 3rd. Citigroup increased their price objective on shares of Xometry from $25.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Cantor Fitzgerald restated an "underweight" rating and issued a $12.00 price target on shares of Xometry in a report on Wednesday, November 6th. Wedbush reaffirmed an "outperform" rating and issued a $48.00 price objective on shares of Xometry in a research report on Friday, December 20th. Finally, UBS Group lifted their target price on Xometry from $20.00 to $22.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $33.33.

Insider Buying and Selling

In other Xometry news, CFO James Miln sold 5,386 shares of Xometry stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38. Following the sale, the chief financial officer now owns 102,329 shares of the company's stock, valued at $4,331,586.57. The trade was a 5.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Peter Goguen sold 3,000 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $34.50, for a total transaction of $103,500.00. Following the completion of the transaction, the chief operating officer now directly owns 164,993 shares in the company, valued at approximately $5,692,258.50. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,312 shares of company stock valued at $517,537. 16.79% of the stock is owned by corporate insiders.

Xometry Price Performance

Shares of XMTR stock traded down $2.20 during mid-day trading on Thursday, hitting $34.94. 584,369 shares of the stock were exchanged, compared to its average volume of 629,629. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.73 billion, a PE ratio of -33.28 and a beta of 0.65. The firm has a fifty day moving average of $37.13 and a 200 day moving average of $27.41. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33.

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.