Posted by admin on Jul 8th, 2022

Xometry, Inc. (NASDAQ:XMTR – Get Rating) Director Laurence Zuriff sold 7,000 shares of the company’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $33.16, for a total transaction of $232,120.00. Following the transaction, the director now owns 928,286 shares in the company, valued at approximately $30,781,963.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of XMTR stock opened at $36.67 on Friday. Xometry, Inc. has a one year low of $26.61 and a one year high of $83.21. The firm has a 50-day moving average of $33.40 and a 200-day moving average of $40.61. The company has a debt-to-equity ratio of 0.68, a current ratio of 7.86 and a quick ratio of 7.82. The company has a market cap of $1.62 billion and a P/E ratio of -13.33.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ARK Investment Management LLC increased its holdings in Xometry by 12.3% during the fourth quarter. ARK Investment Management LLC now owns 270,553 shares of the company’s stock worth $13,866,000 after buying an additional 29,606 shares during the last quarter. Primecap Management Co. CA increased its holdings in Xometry by 142.2% during the fourth quarter. Primecap Management Co. CA now owns 691,340 shares of the company’s stock worth $35,431,000 after buying an additional 405,840 shares during the last quarter. Georgetown University purchased a new stake in Xometry during the fourth quarter worth about $364,000. New York State Common Retirement Fund increased its holdings in Xometry by 98.6% during the fourth quarter. New York State Common Retirement Fund now owns 5,758 shares of the company’s stock worth $295,000 after buying an additional 2,858 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Xometry by 104.8% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 162,342 shares of the company’s stock worth $8,320,000 after buying an additional 83,079 shares during the last quarter. Institutional investors and hedge funds own 77.31% of the company’s stock.

Several research firms have weighed in on XMTR. CL King lowered their price objective on shares of Xometry from $65.00 to $55.00 in a report on Thursday, May 12th. The Goldman Sachs Group lowered their price objective on shares of Xometry from $51.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, June 9th. Finally, Loop Capital began coverage on shares of Xometry in a report on Monday, April 11th. They set a “buy” rating and a $50.00 price objective on the stock. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $70.83.

Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

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