Weiss Asset Management LP Takes $1.59 Million Position in Xometry, Inc. (NASDAQ:XMTR)

Weiss Asset Management LP bought a new stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 86,312 shares of the company's stock, valued at approximately $1,586,000. Weiss Asset Management LP owned approximately 0.18% of Xometry as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. nVerses Capital LLC purchased a new stake in Xometry during the 2nd quarter valued at about $38,000. ProShare Advisors LLC purchased a new stake in shares of Xometry during the second quarter valued at approximately $53,000. Point72 Asset Management L.P. bought a new stake in shares of Xometry during the second quarter valued at approximately $55,000. US Bancorp DE raised 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 acquiring an additional 2,037 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in Xometry in the 2nd quarter valued at approximately $129,000. Institutional investors own 97.31% of the company's stock.

Insider Transactions at Xometry

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of the firm's stock in a transaction that occurred 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 owns 82,918 shares in the company, valued at approximately $1,529,837.10. This trade represents a 3.94 % 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 company'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 completion of the transaction, the director now owns 12,457 shares of the company's stock, valued at approximately $367,356.93. The trade was a 23.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,633 shares of company stock worth $1,201,730 in the last 90 days. 16.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. UBS Group lifted their target price on Xometry from $20.00 to $22.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Citigroup boosted their target price on Xometry from $25.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Royal Bank of Canada upped their target price on shares of Xometry from $23.00 to $27.00 and gave the company a "sector perform" rating in a research note on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on shares of Xometry from $24.00 to $28.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, Cantor Fitzgerald restated an "underweight" rating and set a $12.00 price objective on shares of Xometry in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $27.71.

Xometry Stock Performance

Shares of XMTR traded up $0.50 on Friday, reaching $32.02. The company's stock had a trading volume of 297,358 shares, compared to its average volume of 453,749. Xometry, Inc. has a 12-month low of $11.08 and a 12-month high of $38.74. The stock has a market capitalization of $1.59 billion, a P/E ratio of -30.49 and a beta of 0.83. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55. The stock's 50 day simple moving average is $24.78 and its two-hundred day simple moving average is $18.84.

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.