Lisanti Capital Growth LLC purchased a new stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 207,415 shares of the company's stock, valued at approximately $8,848,000. Xometry comprises about 2.1% of Lisanti Capital Growth LLC's investment portfolio, making the stock its 4th biggest holding. Lisanti Capital Growth LLC owned approximately 0.42% of Xometry as of its most recent filing with the SEC.
Several other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new stake in Xometry during the fourth quarter valued at approximately $12,284,000. Arizona State Retirement System grew its position in shares of Xometry by 7.9% during the 4th quarter. Arizona State Retirement System now owns 12,180 shares of the company's stock valued at $520,000 after acquiring an additional 891 shares during the period. Atria Investments Inc purchased a new stake in shares of Xometry in the 4th quarter worth $224,000. Victory Capital Management Inc. bought a new position in Xometry in the 4th quarter worth $219,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Xometry by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 366,156 shares of the company's stock valued at $15,620,000 after purchasing an additional 11,307 shares in the last quarter. Institutional investors own 97.31% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. JMP Securities restated a "market outperform" rating and issued a $42.00 price target on shares of Xometry in a research report on Monday, February 10th. Citigroup reduced their target price on shares of Xometry from $46.00 to $39.00 and set a "buy" rating for the company in a report on Thursday, February 27th. Cantor Fitzgerald lifted their price target on shares of Xometry from $12.00 to $20.00 and gave the company an "underweight" rating in a report on Wednesday, February 26th. UBS Group increased their price objective on shares of Xometry from $22.00 to $33.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada lifted their target price on shares of Xometry from $27.00 to $40.00 and gave the company a "sector perform" rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Xometry has a consensus rating of "Moderate Buy" and an average price target of $36.11.
View Our Latest Analysis on XMTR
Xometry Price Performance
Shares of XMTR stock traded up $0.60 during trading hours on Tuesday, hitting $23.64. The stock had a trading volume of 625,811 shares, compared to its average volume of 695,260. The stock's 50-day moving average price is $33.86 and its two-hundred day moving average price is $28.49. Xometry, Inc. has a one year low of $11.08 and a one year high of $45.33. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -22.51 and a beta of 0.69. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55.
Insiders Place Their Bets
In related news, CFO James Miln sold 25,852 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $24.06, for a total value of $621,999.12. Following the completion of the transaction, the chief financial officer now owns 105,238 shares of the company's stock, valued at approximately $2,532,026.28. This trade represents a 19.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Randolph Altschuler sold 27,566 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $26.60, for a total value of $733,255.60. Following the sale, the chief executive officer now directly owns 256,570 shares in the company, valued at $6,824,762. The trade was a 9.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,965 shares of company stock valued at $2,065,315 in the last quarter. 16.79% of the stock is currently owned by insiders.
About Xometry
(
Free Report)
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.
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