Wellington Management Group LLP Invests $21.17 Million in Xometry, Inc. (NASDAQ:XMTR)

Wellington Management Group LLP bought a new position in shares of Xometry, Inc. (NASDAQ:XMTR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 589,400 shares of the company’s stock, valued at approximately $21,165,000. Wellington Management Group LLP owned approximately 1.30% of Xometry as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Quest Partners LLC purchased a new stake in shares of Xometry during the 4th quarter worth about $125,000. Dark Forest Capital Management LP acquired a new position in shares of Xometry during the 3rd quarter worth about $220,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Xometry by 13.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock worth $266,000 after purchasing an additional 894 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Xometry by 50,118.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 8,035 shares of the company’s stock worth $289,000 after purchasing an additional 8,019 shares during the last quarter. Finally, Graham Capital Management L.P. acquired a new position in shares of Xometry during the 3rd quarter worth about $332,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Stock Performance

Xometry stock opened at $11.89 on Wednesday. The firm has a 50 day simple moving average of $15.44 and a 200-day simple moving average of $22.72. Xometry, Inc. has a 1-year low of $11.65 and a 1-year high of $38.74. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.34 and a quick ratio of 4.30. The stock has a market cap of $548.37 million, a price-to-earnings ratio of -8.74 and a beta of 0.59.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.24) earnings per share 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 analysts’ expectations of $119.00 million. On average, analysts expect that Xometry, Inc. will post -0.99 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on XMTR shares. UBS Group reduced their price target on shares of Xometry from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. TheStreet downgraded shares of Xometry from a “c-” rating to a “d” rating in a research report on Thursday, February 29th. Citigroup reduced their price target on shares of Xometry from $31.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, May 28th. Cantor Fitzgerald assumed coverage on shares of Xometry in a report on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 price objective for the company. Finally, Royal Bank of Canada cut their price objective on shares of Xometry from $38.00 to $23.00 and set a “sector perform” rating for the company in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.71.

Insider Activity

In other news, insider Subir Dutt purchased 10,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was acquired at an average price of $15.55 per share, with a total value of $155,500.00. Following the purchase, the insider now directly owns 46,864 shares in the company, valued at approximately $728,735.20. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders sold a total of 2,286 shares of company stock valued at $35,940 in the last 90 days. Company insiders own 19.23% of the company’s stock.

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.