Versor Investments LP Purchases Shares of 22,385 Xometry, Inc. (NASDAQ:XMTR)

Versor Investments LP bought a new position in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 22,385 shares of the company's stock, valued at approximately $411,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XMTR. ARK Investment Management LLC lifted its position in shares of Xometry by 7.2% during the 3rd quarter. ARK Investment Management LLC now owns 284,134 shares of the company's stock worth $5,220,000 after buying an additional 19,197 shares during the last quarter. US Bancorp DE increased its holdings in 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 purchasing an additional 2,037 shares in the last quarter. Palumbo Wealth Management LLC acquired a new stake in shares of Xometry in the third quarter valued at about $191,000. Allspring Global Investments Holdings LLC increased its stake in shares of Xometry by 191.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company's stock valued at $3,981,000 after buying an additional 142,262 shares during the period. Finally, Raymond James & Associates increased its stake in shares of Xometry by 0.6% in the third quarter. Raymond James & Associates now owns 287,986 shares of the company's stock valued at $5,290,000 after buying an additional 1,586 shares during the period. 97.31% of the stock is owned by institutional investors and hedge funds.

Xometry Trading Down 1.7 %

NASDAQ XMTR traded down $0.50 during trading on Friday, hitting $29.09. The stock had a trading volume of 488,869 shares, compared to its average volume of 603,774. The stock has a 50 day simple moving average of $20.75 and a 200 day simple moving average of $17.23. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.55 and a current ratio of 4.59. Xometry, Inc. has a one year low of $11.08 and a one year high of $38.74. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -28.18 and a beta of 0.55.

Analysts Set New Price Targets

Several research analysts have issued reports on XMTR shares. The Goldman Sachs Group increased their price target on Xometry from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their price target on Xometry from $23.00 to $27.00 and gave the company a "sector perform" rating in a research report on Wednesday, November 6th. Citigroup lifted their price objective on Xometry from $25.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Cantor Fitzgerald reissued an "underweight" rating and set a $12.00 price objective on shares of Xometry in a research note on Wednesday, November 6th. Finally, Craig Hallum lifted their price target on Xometry from $20.00 to $30.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Xometry has a consensus rating of "Hold" and a consensus target price of $27.71.

Insider Activity at Xometry

In other Xometry news, COO Peter Goguen sold 5,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $32.00, for a total value of $160,000.00. Following the completion of the sale, the chief operating officer now owns 175,419 shares in the company, valued at approximately $5,613,408. This represents a 2.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Emily Rollins sold 3,729 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $29.49, for a total transaction of $109,968.21. Following the sale, the director now owns 12,457 shares of the company's stock, valued at $367,356.93. This represents a 23.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,633 shares of company stock valued at $1,201,730 in the last ninety days. Company insiders own 16.79% of the company's stock.

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.