AssuredPartners Investment Advisors LLC Takes Position in Xometry, Inc. (NASDAQ:XMTR)

AssuredPartners Investment Advisors LLC purchased a new stake in shares of Xometry, Inc. (NASDAQ:XMTR) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,170 shares of the company’s stock, valued at approximately $221,000.

Other large investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Xometry during the 3rd quarter valued at about $355,000. Intech Investment Management LLC acquired a new stake in shares of Xometry during the third quarter worth approximately $205,000. Charles Schwab Investment Management Inc. grew its position in Xometry by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 354,849 shares of the company’s stock valued at $6,519,000 after purchasing an additional 16,396 shares in the last quarter. FMR LLC increased its stake in Xometry by 40.2% in the 3rd quarter. FMR LLC now owns 4,078,462 shares of the company’s stock valued at $74,921,000 after buying an additional 1,169,778 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in Xometry in the 3rd quarter worth approximately $383,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Xometry news, CFO James Miln sold 5,386 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total value of $227,989.38. Following the completion of the sale, the chief financial officer now directly owns 102,329 shares of the company’s stock, valued at $4,331,586.57. This represents a 5.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Peter Goguen sold 940 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $42.36, for a total transaction of $39,818.40. Following the transaction, the chief operating officer now owns 167,993 shares in the company, valued at approximately $7,116,183.48. The trade was a 0.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,965 shares of company stock valued at $2,050,643 in the last quarter. Insiders own 16.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on XMTR shares. JMP Securities restated a “market outperform” rating and set a $42.00 price target on shares of Xometry in a report on Monday, February 10th. Wedbush reaffirmed an “outperform” rating and issued a $48.00 target price on shares of Xometry in a research report on Friday, December 20th. Royal Bank of Canada lifted their price target on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. Citigroup dropped their price objective on Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. Finally, UBS Group lifted their target price on shares of Xometry from $22.00 to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.11.

Xometry Price Performance

Shares of Xometry stock opened at $25.89 on Friday. The company has a current ratio of 4.59, a quick ratio of 4.55 and a debt-to-equity ratio of 0.90. The firm has a fifty day simple moving average of $30.55 and a 200-day simple moving average of $28.98. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -24.66 and a beta of 0.69. Xometry, Inc. has a 1-year low of $11.08 and a 1-year high of $45.33.

Xometry Company Profile

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.