Xometry, Inc. (NASDAQ:XMTR) Holdings Reduced by Eventide Asset Management LLC

Eventide Asset Management LLC lessened its holdings in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 26.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,418,664 shares of the company's stock after selling 1,601,903 shares during the period. Xometry comprises approximately 1.4% of Eventide Asset Management LLC's holdings, making the stock its 19th biggest holding. Eventide Asset Management LLC owned about 8.96% of Xometry worth $81,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XMTR. nVerses Capital LLC purchased a new position in Xometry in the 2nd quarter worth approximately $38,000. ProShare Advisors LLC purchased a new position in shares of Xometry in the second quarter valued at $53,000. Point72 Asset Management L.P. acquired a new stake in Xometry during the 2nd quarter valued at $55,000. US Bancorp DE increased its stake in Xometry by 57.7% during the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company's stock worth $102,000 after buying an additional 2,037 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Xometry in the 3rd quarter worth $153,000. Institutional investors and hedge funds own 97.31% of the company's stock.

Insider Buying and Selling

In related news, COO Peter Goguen sold 12,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $29.55, for a total transaction of $354,600.00. Following the sale, the chief operating officer now owns 180,419 shares in the company, valued at $5,331,381.45. This represents a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Matthew Leibel sold 3,400 shares of the firm's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $18.45, for a total transaction of $62,730.00. Following the completion of the transaction, the chief technology officer now directly owns 82,918 shares in the company, valued at $1,529,837.10. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,633 shares of company stock worth $1,201,730 over the last ninety days. 16.79% of the stock is owned by insiders.

Xometry Stock Performance

Shares of XMTR traded up $0.05 during mid-day trading on Friday, hitting $31.05. The stock had a trading volume of 260,409 shares, compared to its average volume of 665,462. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $38.74. 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 $1.54 billion, a PE ratio of -29.57 and a beta of 0.55. The company's fifty day simple moving average is $23.46 and its two-hundred day simple moving average is $18.28.

Analysts Set New Price Targets

XMTR has been the subject of a number of analyst reports. Citigroup raised their target price on Xometry from $25.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Cantor Fitzgerald reissued an "underweight" rating and issued a $12.00 price target on shares of Xometry in a report on Wednesday, November 6th. Craig Hallum lifted their price objective on Xometry from $20.00 to $30.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. JMP Securities upped their target price on Xometry from $34.00 to $42.00 and gave the company a "market outperform" rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada raised their price target on shares of Xometry from $23.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $27.71.

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.