Owls Nest Partners IA LLC Cuts Stake in Xometry, Inc. (NASDAQ:XMTR)

Owls Nest Partners IA LLC lowered its holdings in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 22.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,945,647 shares of the company's stock after selling 561,323 shares during the period. Xometry accounts for approximately 18.2% of Owls Nest Partners IA LLC's holdings, making the stock its largest position. Owls Nest Partners IA LLC owned about 4.29% of Xometry worth $69,868,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lisanti Capital Growth LLC acquired a new stake in Xometry during the fourth quarter worth approximately $4,972,000. Charles Schwab Investment Management Inc. lifted its position in Xometry by 29.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 299,197 shares of the company's stock worth $5,080,000 after acquiring an additional 67,443 shares during the last quarter. Nicholas Investment Partners LP acquired a new stake in Xometry during the fourth quarter worth approximately $2,951,000. Primecap Management Co. CA lifted its position in Xometry by 6.3% during the third quarter. Primecap Management Co. CA now owns 6,631,211 shares of the company's stock worth $112,598,000 after acquiring an additional 390,933 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new stake in Xometry during the third quarter worth approximately $332,000. Institutional investors own 97.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on XMTR. Cantor Fitzgerald began coverage on shares of Xometry in a research report on Wednesday, June 5th. They issued an "underweight" rating and a $13.00 price target for the company. Royal Bank of Canada dropped their price target on shares of Xometry from $38.00 to $23.00 and set a "sector perform" rating for the company in a research report on Friday, March 1st. TheStreet downgraded shares of Xometry from a "c-" rating to a "d" rating in a research report on Thursday, February 29th. Citigroup lowered their price objective on shares of Xometry from $31.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, May 28th. Finally, JMP Securities restated a "market outperform" rating and set a $30.00 price objective on shares of Xometry in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $22.71.

Xometry Price Performance

Shares of NASDAQ XMTR traded down $0.50 during midday trading on Friday, reaching $12.67. 840,285 shares of the company were exchanged, compared to its average volume of 465,598. The stock's 50-day moving average price is $16.17 and its 200-day moving average price is $23.35. The stock has a market cap of $584.34 million, a P/E ratio of -9.32 and a beta of 0.58. Xometry, Inc. has a one year low of $12.51 and a one year high of $38.74. The company has a quick ratio of 4.30, a current ratio of 4.34 and a debt-to-equity ratio of 0.88.

Xometry (NASDAQ:XMTR - Get Free Report) last posted its earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share for the quarter, topping analysts' consensus estimates of ($0.26) by $0.02. Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. The firm had revenue of $122.69 million for the quarter, compared to analysts' expectations of $119.00 million. On average, sell-side analysts anticipate that Xometry, Inc. will post -0.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Peter Goguen sold 3,943 shares of the business's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total value of $69,436.23. Following the sale, the chief operating officer now owns 197,211 shares of the company's stock, valued at $3,472,885.71. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, COO Peter Goguen sold 3,943 shares of the business's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total value of $69,436.23. Following the sale, the chief operating officer now owns 197,211 shares of the company's stock, valued at $3,472,885.71. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Subir Dutt acquired 10,000 shares of Xometry stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average cost of $15.55 per share, for a total transaction of $155,500.00. Following the purchase, the insider now owns 46,864 shares of the company's stock, valued at $728,735.20. The disclosure for this purchase can be found here. Insiders have sold a total of 5,243 shares of company stock valued at $93,002 over the last 90 days. 19.23% of the stock is owned by insiders.

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.