Values First Advisors Inc. Reduces Holdings in Xometry, Inc. (NASDAQ:XMTR)

Values First Advisors Inc. reduced its stake in shares of Xometry, Inc. (NASDAQ:XMTR - Free Report) by 31.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,014 shares of the company's stock after selling 17,762 shares during the quarter. Xometry comprises approximately 0.9% of Values First Advisors Inc.'s holdings, making the stock its 29th largest position. Values First Advisors Inc. owned about 0.08% of Xometry worth $1,664,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XMTR. Legato Capital Management LLC purchased a new position in shares of Xometry in the fourth quarter valued at $1,599,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Xometry by 1.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 219,075 shares of the company's stock valued at $9,120,000 after purchasing an additional 2,375 shares in the last quarter. Caprock Group LLC purchased a new position in shares of Xometry in the fourth quarter valued at $274,000. SG Americas Securities LLC grew its holdings in shares of Xometry by 67.5% in the fourth quarter. SG Americas Securities LLC now owns 13,938 shares of the company's stock valued at $595,000 after purchasing an additional 5,616 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Xometry by 32.9% in the third quarter. Franklin Resources Inc. now owns 38,881 shares of the company's stock valued at $731,000 after purchasing an additional 9,625 shares in the last quarter. 97.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on XMTR shares. The Goldman Sachs Group raised their target price on shares of Xometry from $24.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Cantor Fitzgerald reissued an "underweight" rating and issued a $12.00 target price on shares of Xometry in a report on Wednesday, November 6th. Citigroup raised their price target on Xometry from $25.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Wedbush restated an "outperform" rating and issued a $48.00 price target on shares of Xometry in a research report on Friday, December 20th. Finally, Royal Bank of Canada raised their price target on Xometry from $27.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $33.33.

Xometry Trading Down 2.4 %

Shares of NASDAQ:XMTR traded down $0.93 on Friday, hitting $37.45. 329,728 shares of the company's stock were exchanged, compared to its average volume of 617,744. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -35.67 and a beta of 0.65. The business's 50 day simple moving average is $36.89 and its two-hundred day simple moving average is $26.82. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.59 and a quick ratio of 4.55.

Insider Transactions at Xometry

In other news, CFO James Miln sold 5,386 shares of the firm's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38. Following the transaction, 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 filing with the SEC, which is accessible through this link. Also, COO Peter Goguen sold 3,000 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $35.57, for a total value of $106,710.00. Following the transaction, the chief operating officer now owns 161,993 shares in the company, valued at approximately $5,762,091.01. This represents a 1.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,312 shares of company stock worth $517,537. 16.79% of the stock is currently owned by insiders.

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.