Counterpoint Mutual Funds LLC Takes Position in Xometry, Inc. (NASDAQ:XMTR)

Counterpoint Mutual Funds LLC purchased a new stake in Xometry, Inc. (NASDAQ:XMTR) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,239 shares of the company’s stock, valued at approximately $309,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in XMTR. Global Retirement Partners LLC acquired a new stake in shares of Xometry in the fourth quarter valued at about $27,000. SBI Securities Co. Ltd. bought a new stake in shares of Xometry in the fourth quarter valued at about $73,000. Intech Investment Management LLC bought a new stake in shares of Xometry in the third quarter valued at about $205,000. Victory Capital Management Inc. bought a new stake in shares of Xometry in the fourth quarter valued at about $219,000. Finally, Atria Investments Inc bought a new stake in shares of Xometry in the fourth quarter valued at about $224,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

XMTR has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of Xometry from a “neutral” rating to an “overweight” rating and increased their target price for the company from $25.00 to $45.00 in a research note on Wednesday, December 18th. Citigroup reduced their target price on shares of Xometry from $46.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. JMP Securities reiterated a “market outperform” rating and issued a $42.00 target price on shares of Xometry in a research note on Monday, February 10th. Wedbush reiterated an “outperform” rating and issued a $48.00 target price on shares of Xometry in a research note on Friday, December 20th. Finally, UBS Group raised their price target on shares of Xometry from $22.00 to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. 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 Stock Down 1.1 %

Shares of XMTR opened at $25.42 on Wednesday. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $45.33. The company has a 50-day moving average price of $31.81 and a two-hundred day moving average price of $28.68. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -24.21 and a beta of 0.69.

Insider Buying and Selling

In other Xometry news, CEO Randolph Altschuler sold 27,566 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $26.60, for a total value of $733,255.60. Following the completion of the sale, the chief executive officer now owns 256,570 shares in the company, valued at approximately $6,824,762. This trade represents a 9.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Peter Goguen sold 940 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.36, for a total transaction of $39,818.40. Following the completion of the sale, the chief operating officer now owns 167,993 shares of the company’s stock, valued at $7,116,183.48. The trade was a 0.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,979 shares of company stock worth $2,025,796 in the last three months. Insiders own 16.79% of the company’s stock.

Xometry 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.