Allspring Global Investments Holdings LLC Increases Stock Position in Xometry, Inc. $XMTR

Allspring Global Investments Holdings LLC lifted its holdings in Xometry, Inc. (NASDAQ:XMTR) by 243.6% during the first quarter, Holdings Channel reports. The institutional investor owned 694,390 shares of the company’s stock after acquiring an additional 492,285 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Xometry were worth $29,015,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Royal Bank of Canada grew its holdings in Xometry by 5.0% in the first quarter. Royal Bank of Canada now owns 60,669 shares of the company’s stock worth $1,511,000 after purchasing an additional 2,899 shares during the period. AQR Capital Management LLC bought a new position in Xometry during the 1st quarter valued at approximately $692,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Xometry by 7.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,054 shares of the company’s stock valued at $649,000 after buying an additional 1,877 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Xometry by 26.6% during the first quarter. Goldman Sachs Group Inc. now owns 452,682 shares of the company’s stock valued at $11,281,000 after buying an additional 95,154 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in Xometry by 476.1% in the second quarter. Invesco Ltd. now owns 238,390 shares of the company’s stock worth $8,055,000 after acquiring an additional 197,013 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on XMTR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Xometry in a research note on Friday, May 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $78.00 price target on shares of Xometry in a research report on Friday, May 8th. Wedbush started coverage on shares of Xometry in a research note on Thursday. They issued an “outperform” rating and a $126.00 price target on the stock. Citizens Jmp raised their price objective on shares of Xometry from $75.00 to $100.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada lifted their target price 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 equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $84.25.

Xometry Price Performance

XMTR 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 debt-to-equity ratio of 0.86, a current ratio of 1.78 and a quick ratio of 1.76. Xometry, Inc. has a 1-year low of $30.63 and a 1-year high of $102.00. The business has a fifty day moving average price of $90.32 and a 200-day moving average price of $65.65.

Xometry (NASDAQ:XMTR) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.12 EPS 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 company had revenue of $205.14 million for the quarter, compared to analysts’ expectations of $188.46 million. During the same period last year, the firm posted ($0.05) earnings per share. Xometry’s revenue was up 35.9% compared to the same quarter last year. Equities analysts forecast that Xometry, Inc. will post -0.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Xometry

In related news, Director Lukas Alexander Biewald purchased 47,058 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were purchased at an average price of $85.00 per share, with a total value of $3,999,930.00. Following the acquisition, the director directly owned 55,134 shares in the company, valued at $4,686,390. The trade was a 582.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO James Miln sold 2,392 shares of Xometry stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $93.29, for a total transaction of $223,149.68. Following the completion of the sale, the chief financial officer owned 179,131 shares of the company’s stock, valued at $16,711,130.99. This represents a 1.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 80,496 shares of company stock worth $7,124,340. 9.10% of the stock is owned by company insiders.

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.