BNP Paribas Financial Markets Raises Position in Xometry, Inc. $XMTR

BNP Paribas Financial Markets increased its holdings in Xometry, Inc. (NASDAQ:XMTR) by 1,121.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 207,682 shares of the company’s stock after acquiring an additional 190,684 shares during the quarter. BNP Paribas Financial Markets’ holdings in Xometry were worth $12,351,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Xometry by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 773 shares of the company’s stock valued at $46,000 after acquiring an additional 162 shares during the period. Comerica Bank increased its position in shares of Xometry by 17.9% in the third quarter. Comerica Bank now owns 1,140 shares of the company’s stock valued at $62,000 after acquiring an additional 173 shares during the period. M&T Bank Corp increased its position in shares of Xometry by 2.1% in the fourth quarter. M&T Bank Corp now owns 8,590 shares of the company’s stock valued at $510,000 after acquiring an additional 180 shares during the period. Arizona State Retirement System increased its position in shares of Xometry by 2.0% in the third quarter. Arizona State Retirement System now owns 13,081 shares of the company’s stock valued at $713,000 after acquiring an additional 256 shares during the period. Finally, Mariner LLC increased its position in shares of Xometry by 3.2% in the third quarter. Mariner LLC now owns 9,844 shares of the company’s stock valued at $536,000 after acquiring an additional 301 shares during the period. Hedge funds and other institutional investors own 97.31% of the company’s stock.

Xometry Stock Performance

NASDAQ:XMTR opened at $80.66 on Monday. Xometry, Inc. has a one year low of $29.60 and a one year high of $99.86. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. The company’s 50-day simple moving average is $63.72 and its 200 day simple moving average is $58.86. The firm has a market capitalization of $4.18 billion, a P/E ratio of -79.08 and a beta of 1.26.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The business had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. Xometry’s quarterly revenue was up 35.9% on a year-over-year basis. As a group, analysts forecast that Xometry, Inc. will post -0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Xometry news, Director Emily Rollins sold 1,000 shares of Xometry stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $42.02, for a total value of $42,020.00. Following the completion of the transaction, the director directly owned 15,136 shares of the company’s stock, valued at approximately $636,014.72. The trade was a 6.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Lukas Alexander Biewald bought 47,058 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was purchased at an average cost of $85.00 per share, with a total value of $3,999,930.00. Following the completion of the acquisition, the director directly owned 55,134 shares of the company’s stock, valued at approximately $4,686,390. The trade was a 582.69% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 68,943 shares of company stock valued at $5,989,621. 9.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

XMTR has been the topic of a number of analyst reports. Citizens Jmp boosted their price objective on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price objective on shares of Xometry from $55.00 to $85.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. William Blair restated an “outperform” rating on shares of Xometry in a research report on Tuesday, February 24th. Citigroup lifted their target price on shares of Xometry from $65.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Wedbush cut their target price on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 25th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $76.00.

About Xometry

Xometry, Inc (NASDAQ: XMTR) operates a technology-driven marketplace that connects businesses with on-demand manufacturing capacity across a wide array of processes. Through its proprietary Instant Quoting Engine and Xometry Platform, the company streamlines sourcing for CNC machining, 3D printing, sheet metal fabrication, injection molding, urethane casting and other custom manufacturing services. By aggregating a network of thousands of vetted suppliers, Xometry offers rapid lead times, transparent pricing and real-time order tracking to customers in sectors ranging from automotive and aerospace to medical devices and industrial equipment.

Since its founding in 2013 and headquarters in Rockville, Maryland, Xometry has expanded its geographic reach to serve customers in North America, Europe and beyond.