Los Angeles Capital Management LLC Buys Shares of 13,665 Xometry, Inc. (NASDAQ:XMTR)

Los Angeles Capital Management LLC bought a new position in Xometry, Inc. (NASDAQ:XMTR - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,665 shares of the company's stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Xometry in the fourth quarter worth approximately $27,000. Truist Financial Corp bought a new stake in shares of Xometry during the 4th quarter worth $225,000. US Bancorp DE grew its holdings in shares of Xometry by 57.7% in the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company's stock worth $102,000 after acquiring an additional 2,037 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Xometry during the fourth quarter worth $274,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Xometry during the third quarter valued at $205,000. 97.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on XMTR shares. UBS Group raised their target price on shares of Xometry from $22.00 to $33.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised Xometry from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $25.00 to $45.00 in a research report on Wednesday, December 18th. Craig Hallum increased their price objective on Xometry from $20.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their target price on Xometry from $27.00 to $40.00 and gave the company a "sector perform" rating in a research note on Friday, January 3rd. Finally, JMP Securities reissued a "market outperform" rating and issued a $42.00 price target on shares of Xometry in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $36.11.

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Insider Buying and Selling at Xometry

In other Xometry news, CEO Randolph Altschuler sold 27,566 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $26.60, for a total transaction of $733,255.60. Following the transaction, the chief executive officer now owns 256,570 shares in the company, valued at $6,824,762. This trade represents a 9.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Peter Goguen sold 940 shares of the business's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.36, for a total transaction of $39,818.40. Following the completion of the sale, the chief operating officer now owns 167,993 shares of the company's stock, valued at $7,116,183.48. The trade was a 0.56 % 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 worth $2,065,315 over the last three months. Corporate insiders own 16.79% of the company's stock.

Xometry Stock Down 3.4 %

NASDAQ XMTR traded down $0.88 during trading on Thursday, reaching $24.92. The company's stock had a trading volume of 179,252 shares, compared to its average volume of 677,982. The business has a 50-day moving average price of $35.07 and a 200-day moving average price of $28.31. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33. The stock has a market capitalization of $1.23 billion, a PE ratio of -23.67 and a beta of 0.65. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90.

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.