PNC Financial Services Group Inc. trimmed its position in shares of Xometry, Inc. (NASDAQ:XMTR – Free Report) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,449 shares of the company’s stock after selling 2,621 shares during the period. PNC Financial Services Group Inc. owned approximately 0.06% of Xometry worth $1,022,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Primecap Management Co. CA grew its holdings in Xometry by 6.3% during the 3rd quarter. Primecap Management Co. CA now owns 6,631,211 shares of the company’s stock worth $112,598,000 after acquiring an additional 390,933 shares in the last quarter. Vanguard Group Inc. grew its holdings in Xometry by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,773,652 shares of the company’s stock worth $64,077,000 after acquiring an additional 161,226 shares in the last quarter. Fred Alger Management LLC grew its holdings in Xometry by 47.5% during the 3rd quarter. Fred Alger Management LLC now owns 2,584,913 shares of the company’s stock worth $43,892,000 after acquiring an additional 832,005 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Xometry by 9.4% during the 4th quarter. New York State Common Retirement Fund now owns 1,093,862 shares of the company’s stock worth $39,281,000 after acquiring an additional 94,436 shares in the last quarter. Finally, Glynn Capital Management LLC grew its holdings in Xometry by 2.5% during the 3rd quarter. Glynn Capital Management LLC now owns 363,678 shares of the company’s stock worth $6,175,000 after acquiring an additional 8,805 shares in the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Xometry
In related news, COO Peter Goguen sold 3,943 shares of Xometry stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total value of $69,436.23. Following the sale, the chief operating officer now directly owns 197,211 shares in the company, valued at approximately $3,472,885.71. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have sold a total of 5,243 shares of company stock worth $93,002 in the last ninety days. 19.23% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
XMTR has been the subject of several recent analyst reports. TheStreet lowered shares of Xometry from a “c-” rating to a “d” rating in a report on Thursday, February 29th. Citigroup decreased their price target on shares of Xometry from $31.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday. The Goldman Sachs Group decreased their price target on shares of Xometry from $46.00 to $28.00 and set a “buy” rating for the company in a report on Friday, March 1st. Craig Hallum decreased their price target on shares of Xometry from $23.00 to $20.00 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, UBS Group decreased their price target on shares of Xometry from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Xometry currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.
Read Our Latest Stock Analysis on Xometry
Xometry Stock Down 5.0 %
Shares of NASDAQ:XMTR opened at $15.50 on Thursday. The company’s 50-day moving average price is $16.80 and its 200 day moving average price is $23.80. Xometry, Inc. has a fifty-two week low of $13.57 and a fifty-two week high of $38.74. The company has a current ratio of 4.34, a quick ratio of 4.30 and a debt-to-equity ratio of 0.88.
Xometry (NASDAQ:XMTR – Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The firm had revenue of $128.15 million during the quarter, compared to the consensus estimate of $127.78 million. Xometry had a negative net margin of 13.68% and a negative return on equity of 15.90%. On average, research analysts predict that Xometry, Inc. will post -0.99 earnings per share for the current fiscal year.
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.
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Source: defenseworld.net
