Raymond James & Associates Has $5.29 Million Stock Position in Xometry, Inc. (NASDAQ:XMTR)

Raymond James & Associates lifted its stake in Xometry, Inc. (NASDAQ:XMTR) by 0.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 287,986 shares of the company’s stock after purchasing an additional 1,586 shares during the quarter. Raymond James & Associates owned 0.58% of Xometry worth $5,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Xometry by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,800,370 shares of the company’s stock worth $136,471,000 after acquiring an additional 26,718 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Xometry by 22.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock valued at $200,000 after purchasing an additional 2,140 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Xometry in the first quarter valued at about $169,000. Clearbridge Investments LLC raised its holdings in shares of Xometry by 20.7% in the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after buying an additional 217,939 shares during the last quarter. Finally, Sylebra Capital LLC raised its holdings in shares of Xometry by 1,005.3% in the first quarter. Sylebra Capital LLC now owns 644,262 shares of the company’s stock valued at $10,882,000 after buying an additional 585,971 shares during the last quarter. Institutional investors own 97.31% of the company’s stock.

Insider Activity at Xometry

In related news, CTO Matthew Leibel sold 3,400 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the completion of the transaction, the chief technology officer now directly owns 82,918 shares in the company, valued at approximately $1,529,837.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.79% of the stock is owned by insiders.

Xometry Price Performance

Xometry stock opened at $22.48 on Friday. The firm has a market capitalization of $1.11 billion, a P/E ratio of -20.62 and a beta of 0.57. Xometry, Inc. has a 1 year low of $11.08 and a 1 year high of $38.74. The business has a 50-day moving average of $19.00 and a 200-day moving average of $16.43. The company has a current ratio of 4.64, a quick ratio of 4.60 and a debt-to-equity ratio of 0.89.

Xometry (NASDAQ:XMTR) last posted its earnings results on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.13. Xometry had a negative return on equity of 10.75% and a negative net margin of 10.53%. The company had revenue of $132.60 million during the quarter, compared to analyst estimates of $128.65 million. During the same period in the previous year, the company earned ($0.55) EPS. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, equities analysts anticipate that Xometry, Inc. will post -0.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Cantor Fitzgerald dropped their price objective on Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a report on Friday, August 9th. JMP Securities boosted their price objective on Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. One 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.86.

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.