AlphaCentric Advisors LLC Invests $510,000 in Xometry, Inc. $XMTR

AlphaCentric Advisors LLC acquired a new stake in shares of Xometry, Inc. (NASDAQ:XMTR) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,500 shares of the company’s stock, valued at approximately $510,000.

Other hedge funds have also made changes to their positions in the company. Stephens Investment Management Group LLC lifted its position in shares of Xometry by 115.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after acquiring an additional 451,259 shares during the period. Comerica Bank increased its position in shares of Xometry by 2,427.4% during the fourth quarter. Comerica Bank now owns 28,812 shares of the company’s stock valued at $1,713,000 after purchasing an additional 27,672 shares during the period. Peregrine Investment Management Inc. increased its position in shares of Xometry by 98.9% during the first quarter. Peregrine Investment Management Inc. now owns 215,100 shares of the company’s stock valued at $8,785,000 after purchasing an additional 106,970 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Xometry by 18.6% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 156,604 shares of the company’s stock valued at $9,313,000 after purchasing an additional 24,566 shares in the last quarter. Finally, Penn Capital Management Company LLC acquired a new position in shares of Xometry in the fourth quarter valued at $1,899,000. Institutional investors own 97.31% of the company’s stock.

Insider Buying and Selling at Xometry

In related news, CTO Vaidyanathan Raghavan sold 1,866 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $93.21, for a total transaction of $173,929.86. Following the completion of the sale, the chief technology officer directly owned 140,777 shares of the company’s stock, valued at $13,121,824.17. This trade represents a 1.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Subir Dutt sold 1,073 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $93.39, for a total value of $100,207.47. Following the completion of the transaction, the insider directly owned 93,716 shares in the company, valued at approximately $8,752,137.24. This represents a 1.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 80,496 shares of company stock worth $7,124,340 over the last 90 days. Company insiders own 9.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on XMTR shares. Citizens Jmp raised their target price on Xometry from $75.00 to $100.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $78.00 price target on shares of Xometry in a report on Friday, May 8th. Citigroup increased their price objective 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. Wedbush assumed coverage on shares of Xometry in a report on Thursday. They set an “outperform” rating and a $126.00 price objective for the company. Finally, Cantor Fitzgerald upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and set a $62.00 target price on the stock in a research report on Thursday, April 30th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $84.25.

Xometry Stock Performance

Shares of Xometry stock opened at $98.54 on Monday. The stock has a market capitalization of $5.11 billion, a P/E ratio of -96.61 and a beta of 1.27. The company has a quick ratio of 1.76, a current ratio of 1.78 and a debt-to-equity ratio of 0.86. The company has a 50-day simple moving average of $90.32 and a 200 day simple moving average of $65.65. Xometry, Inc. has a 12-month low of $30.63 and a 12-month high of $102.00.

Xometry (NASDAQ:XMTR) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $205.14 million for the quarter, compared to analyst estimates of $188.46 million. Xometry had a negative net margin of 7.01% and a negative return on equity of 4.37%. The company’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) earnings per share. Research analysts expect that Xometry, Inc. will post -0.06 earnings per share for the current fiscal year.

Xometry Company Profile

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.