Sylebra Capital LLC Purchases 585,971 Shares of Xometry, Inc. (NASDAQ:XMTR)

Sylebra Capital LLC grew its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 1,005.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 644,262 shares of the company’s stock after buying an additional 585,971 shares during the quarter. Xometry makes up approximately 0.4% of Sylebra Capital LLC’s portfolio, making the stock its 29th largest position. Sylebra Capital LLC’s holdings in Xometry were worth $10,882,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its position in Xometry by 20.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock worth $21,461,000 after buying an additional 217,939 shares during the period. Texas Capital Bank Wealth Management Services Inc bought a new position in Xometry during the 1st quarter worth $169,000. Vanguard Group Inc. increased its position in Xometry by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock worth $65,488,000 after buying an additional 76,976 shares during the period. State Board of Administration of Florida Retirement System increased its position in Xometry by 22.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after buying an additional 2,140 shares during the period. Finally, Raymond James & Associates increased its position in Xometry by 4.1% during the 1st quarter. Raymond James & Associates now owns 287,299 shares of the company’s stock worth $4,852,000 after buying an additional 11,276 shares during the period. Institutional investors own 97.31% of the company’s stock.

Insider Activity

In related news, insider Subir Dutt acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The stock was acquired at an average cost of $15.55 per share, for a total transaction of $155,500.00. Following the completion of the acquisition, the insider now directly owns 46,864 shares of the company’s stock, valued at approximately $728,735.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 2,286 shares of company stock worth $27,662. Insiders own 19.23% of the company’s stock.

Xometry Price Performance

Shares of XMTR stock traded down $0.39 on Tuesday, reaching $14.68. The company had a trading volume of 278,814 shares, compared to its average volume of 639,275. The business’s 50-day moving average is $13.81 and its 200 day moving average is $19.42. Xometry, Inc. has a one year low of $11.08 and a one year high of $38.74. The company has a quick ratio of 4.30, a current ratio of 4.34 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $677.04 million, a PE ratio of -10.79 and a beta of 0.52.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.24) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.02. Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. The business had revenue of $122.69 million during the quarter, compared to the consensus estimate of $119.00 million. Equities research analysts forecast that Xometry, Inc. will post -0.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on XMTR. JMP Securities reiterated a “market outperform” rating and set a $27.00 price objective on shares of Xometry in a research report on Tuesday, July 23rd. Craig Hallum cut their price objective on shares of Xometry from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Citigroup decreased their target price on shares of Xometry from $31.00 to $24.00 and set a “buy” rating on the stock in a report on Tuesday, May 28th. Finally, Cantor Fitzgerald started coverage on shares of Xometry in a report on Wednesday, June 5th. They set an “underweight” rating and a $13.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.29.

About Xometry

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.