Raymond James Financial Inc. Takes Position in Xometry, Inc. (NASDAQ:XMTR)

Raymond James Financial Inc. purchased a new position in Xometry, Inc. (NASDAQ:XMTR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 287,961 shares of the company's stock, valued at approximately $12,284,000. Raymond James Financial Inc. owned approximately 0.58% of Xometry at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Global Retirement Partners LLC bought a new position in Xometry in the fourth quarter worth about $27,000. SBI Securities Co. Ltd. purchased a new stake in Xometry in the fourth quarter worth about $73,000. Intech Investment Management LLC purchased a new stake in Xometry in the third quarter worth about $205,000. Victory Capital Management Inc. purchased a new stake in Xometry in the fourth quarter worth about $219,000. Finally, Atria Investments Inc purchased a new stake in Xometry in the fourth quarter worth about $224,000. 97.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO James Miln sold 5,386 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total value of $227,989.38. Following the sale, the chief financial officer now owns 102,329 shares in the company, valued at approximately $4,331,586.57. This trade represents a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Peter Goguen sold 940 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $7,116,183.48. This represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,965 shares of company stock worth $2,050,643. 16.79% of the stock is owned by insiders.

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Xometry Stock Up 0.4 %

Shares of NASDAQ:XMTR traded up $0.09 during trading on Friday, reaching $25.72. 973,625 shares of the stock traded hands, compared to its average volume of 598,266. The stock has a 50-day moving average of $31.23 and a two-hundred day moving average of $28.76. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $45.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. The stock has a market cap of $1.29 billion, a P/E ratio of -24.50 and a beta of 0.69.

Wall Street Analyst Weigh In

XMTR has been the topic of a number of recent research reports. JMP Securities restated a "market outperform" rating and issued a $42.00 price objective on shares of Xometry in a report on Monday, February 10th. UBS Group upped their price objective 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. upgraded shares of Xometry from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $25.00 to $45.00 in a report on Wednesday, December 18th. Wedbush restated an "outperform" rating and issued a $48.00 price objective on shares of Xometry in a report on Friday, December 20th. Finally, Citigroup cut their price target on shares of Xometry from $46.00 to $39.00 and set a "buy" rating on the stock in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $36.11.

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.