PNC Financial Services Group Inc. trimmed its stake in Xometry, Inc. (NASDAQ:XMTR – Free Report) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,070 shares of the company’s stock after selling 700 shares during the quarter. PNC Financial Services Group Inc. owned 0.07% of Xometry worth $528,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new position in Xometry in the 1st quarter worth about $33,000. State of Wyoming lifted its stake in shares of Xometry by 82.8% in the fourth quarter. State of Wyoming now owns 1,159 shares of the company’s stock worth $37,000 after buying an additional 525 shares in the last quarter. Ensign Peak Advisors Inc bought a new position in Xometry in the 1st quarter valued at approximately $61,000. UBS Group AG lifted its position in Xometry by 81.1% in the 3rd quarter. UBS Group AG now owns 1,869 shares of the company’s stock valued at $106,000 after acquiring an additional 837 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its position in Xometry by 209.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 1,914 shares of the company’s stock valued at $70,000 after acquiring an additional 1,296 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.
Insiders Place Their Bets
In other Xometry news, CFO James M. Rallo sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $30.85, for a total transaction of $154,250.00. Following the sale, the chief financial officer now directly owns 44,381 shares of the company’s stock, valued at $1,369,153.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Xometry news, CFO James M. Rallo sold 5,000 shares of Xometry stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $30.85, for a total value of $154,250.00. Following the sale, the chief financial officer now directly owns 44,381 shares in the company, valued at approximately $1,369,153.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CRO Bill Cronin sold 2,279 shares of Xometry stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $35.52, for a total value of $80,950.08. Following the completion of the sale, the executive now directly owns 141,460 shares in the company, valued at $5,024,659.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,044 shares of company stock worth $755,064. Company insiders own 19.23% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the company. TheStreet raised Xometry from a “d” rating to a “c-” rating in a report on Tuesday, January 16th. JMP Securities upped their target price on shares of Xometry from $26.00 to $42.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 3rd. The Goldman Sachs Group increased their price objective on shares of Xometry from $29.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, January 19th. Finally, Royal Bank of Canada lowered their price target on Xometry from $21.00 to $20.00 and set a “sector perform” rating on the stock in a report on Friday, November 10th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.67.
Get Our Latest Stock Report on XMTR
Xometry Stock Down 1.7 %
NASDAQ XMTR opened at $30.09 on Thursday. Xometry, Inc. has a 52 week low of $12.45 and a 52 week high of $38.74. The company has a market capitalization of $1.37 billion, a P/E ratio of -17.80 and a beta of 0.97. The stock’s 50-day moving average price is $32.74 and its 200-day moving average price is $23.89. The company has a quick ratio of 5.25, a current ratio of 5.27 and a debt-to-equity ratio of 0.83.
Xometry Profile
Xometry, Inc operates an online marketplace that enables buyers to source 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, and multi jet fusion; 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.
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Source: americanbankingnews.com
