Ardsley Advisory Partners LP Invests $595,000 in Xometry, Inc. $XMTR

Ardsley Advisory Partners LP acquired a new position in shares of Xometry, Inc. (NASDAQ:XMTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,000 shares of the company’s stock, valued at approximately $595,000.

Several other large investors also recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. acquired a new stake in Xometry in the 4th quarter valued at $76,393,000. Ameriprise Financial Inc. raised its holdings in Xometry by 54.2% during the third quarter. Ameriprise Financial Inc. now owns 1,964,909 shares of the company’s stock worth $107,029,000 after buying an additional 690,558 shares during the last quarter. Durable Capital Partners LP acquired a new position in Xometry during the third quarter worth $36,455,000. Stephens Investment Management Group LLC raised its holdings in Xometry by 115.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 842,987 shares of the company’s stock worth $50,132,000 after buying an additional 451,259 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its holdings in Xometry by 272.0% during the fourth quarter. Lord Abbett & CO. LLC now owns 479,013 shares of the company’s stock worth $28,487,000 after buying an additional 350,230 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Price Performance

Shares of NASDAQ:XMTR opened at $88.86 on Thursday. The company has a current ratio of 1.78, a quick ratio of 1.76 and a debt-to-equity ratio of 0.86. The stock’s fifty day simple moving average is $70.81 and its two-hundred day simple moving average is $60.42. Xometry, Inc. has a 1-year low of $30.63 and a 1-year high of $99.86. The stock has a market cap of $4.61 billion, a PE ratio of -87.12 and a beta of 1.27.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. Xometry had a negative return on equity of 4.37% and a negative net margin of 7.01%.The business had revenue of $205.14 million for the quarter, compared to analysts’ expectations of $188.46 million. During the same period last year, the business earned ($0.05) EPS. The business’s 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.

Insider Buying and Selling at Xometry

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. William Blair restated an “outperform” rating on shares of Xometry in a report on Tuesday, February 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Xometry in a report on Friday, May 29th. Zacks Research upgraded shares of Xometry from a “strong sell” rating to a “hold” rating in a report on Monday, March 2nd. Wedbush lowered their price objective on shares of Xometry from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, February 25th. Finally, Royal Bank Of Canada upped their price objective on shares of Xometry from $55.00 to $85.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Six 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’s stock. According to MarketBeat.com, Xometry presently has an average rating of “Hold” and an average price target of $76.00.

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.