GSA Capital Partners LLP Invests $1.07 Million in Xometry, Inc. (NASDAQ:XMTR)

GSA Capital Partners LLP acquired a new position in Xometry, Inc. (NASDAQ:XMTR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 58,205 shares of the company’s stock, valued at approximately $1,069,000. GSA Capital Partners LLP owned approximately 0.12% of Xometry at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of XMTR. Versor Investments LP bought a new position in Xometry in the 3rd quarter worth $411,000. ARK Investment Management LLC boosted its holdings in Xometry by 7.2% in the 3rd quarter. ARK Investment Management LLC now owns 284,134 shares of the company’s stock worth $5,220,000 after buying an additional 19,197 shares during the period. US Bancorp DE boosted its holdings in Xometry by 57.7% in the 3rd quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after buying an additional 2,037 shares during the period. Palumbo Wealth Management LLC bought a new position in Xometry in the 3rd quarter worth $191,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Xometry by 191.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company’s stock worth $3,981,000 after buying an additional 142,262 shares during the period. 97.31% of the stock is currently owned by hedge funds and other institutional investors.

Xometry Stock Down 1.7 %

Shares of NASDAQ:XMTR opened at $29.09 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. Xometry, Inc. has a 12 month low of $11.08 and a 12 month high of $38.74. The company has a 50-day moving average price of $20.98 and a 200 day moving average price of $17.31. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -27.70 and a beta of 0.55.

Insider Activity at Xometry

In related news, Director Emily Rollins sold 3,729 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $29.49, for a total value of $109,968.21. Following the sale, the director now directly owns 12,457 shares of the company’s stock, valued at $367,356.93. This represents a 23.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Matthew Leibel sold 3,400 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $18.45, for a total transaction of $62,730.00. Following the completion of the sale, the chief technology officer now directly owns 82,918 shares in the company, valued at $1,529,837.10. This trade represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,633 shares of company stock valued at $1,201,730. Insiders own 16.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Xometry from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $12.00 target price on shares of Xometry in a report on Wednesday, November 6th. Royal Bank of Canada increased their price objective on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. JMP Securities increased their price objective on shares of Xometry from $34.00 to $42.00 and gave the company a “market outperform” rating in a report on Thursday. Finally, Citigroup increased their price objective on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.71.

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.