Xometry, Inc. (NASDAQ:XMTR) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC increased its holdings in Xometry, Inc. (NASDAQ:XMTR - Free Report) by 191.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 216,700 shares of the company's stock after purchasing an additional 142,262 shares during the period. Allspring Global Investments Holdings LLC owned 0.47% of Xometry worth $3,981,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of XMTR. Primecap Management Co. CA grew its position in shares of Xometry by 1.4% during the second quarter. Primecap Management Co. CA now owns 6,804,988 shares of the company's stock valued at $78,666,000 after purchasing an additional 93,350 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Xometry by 2.0% during the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company's stock valued at $65,488,000 after purchasing an additional 76,976 shares in the last quarter. Sylebra Capital LLC grew its position in shares of Xometry by 134.2% during the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company's stock valued at $17,441,000 after purchasing an additional 864,454 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Xometry by 20.7% during the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company's stock valued at $21,461,000 after purchasing an additional 217,939 shares in the last quarter. Finally, Bellecapital International Ltd. purchased a new position in shares of Xometry during the second quarter valued at about $6,281,000. Hedge funds and other institutional investors own 97.31% of the company's stock.

Insider Activity

In other news, CTO Matthew Leibel sold 3,400 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction of $62,730.00. Following the sale, the chief technology officer now directly owns 82,918 shares of the company's stock, valued at $1,529,837.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 16.79% of the company's stock.

Xometry Stock Up 2.5 %

NASDAQ:XMTR traded up $0.49 during trading hours on Tuesday, reaching $20.46. The company's stock had a trading volume of 327,104 shares, compared to its average volume of 594,347. The stock has a 50 day moving average price of $18.93 and a two-hundred day moving average price of $16.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.60 and a current ratio of 4.64. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $38.74. The company has a market capitalization of $1.01 billion, a P/E ratio of -18.77 and a beta of 0.57.

Xometry (NASDAQ:XMTR - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.13. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The business had revenue of $132.60 million for the quarter, compared to analyst estimates of $128.65 million. During the same period in the previous year, the company earned ($0.55) earnings per share. The business's revenue for the quarter was up 19.5% on a year-over-year basis. Equities analysts predict that Xometry, Inc. will post -0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Cantor Fitzgerald dropped their price target on Xometry from $13.00 to $12.00 and set an "underweight" rating for the company in a research report on Friday, August 9th. JMP Securities boosted their target price on Xometry from $27.00 to $32.00 and gave the company a "market outperform" rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $22.86.

Xometry Company 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.