Sylebra Capital LLC Has $10.88 Million Stake in Xometry, Inc. (NASDAQ:XMTR)

Sylebra Capital LLC grew its stake in Xometry, Inc. (NASDAQ:XMTR) by 1,005.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 644,262 shares of the company’s stock after buying an additional 585,971 shares during the period. Xometry makes up approximately 0.4% of Sylebra Capital LLC’s holdings, making the stock its 29th biggest position. Sylebra Capital LLC owned about 1.33% of Xometry worth $10,882,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Wellington Management Group LLP bought a new stake in Xometry during the fourth quarter valued at about $21,165,000. Clearbridge Investments LLC boosted its stake in Xometry by 20.7% during the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after purchasing an additional 217,939 shares during the period. Vanguard Group Inc. grew its holdings in Xometry by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,773,652 shares of the company’s stock valued at $64,077,000 after buying an additional 161,226 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in Xometry in the fourth quarter valued at about $4,972,000. Finally, New York State Common Retirement Fund raised its position in Xometry by 9.4% in the fourth quarter. New York State Common Retirement Fund now owns 1,093,862 shares of the company’s stock worth $39,281,000 after purchasing an additional 94,436 shares in the last quarter. Institutional investors own 97.31% of the company’s stock.

Xometry Price Performance

Shares of NASDAQ:XMTR traded down $0.39 during midday trading on Tuesday, reaching $14.68. The company’s stock had a trading volume of 278,814 shares, compared to its average volume of 639,275. The business’s fifty day simple moving average is $13.81 and its 200-day simple moving average is $19.42. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.34 and a quick ratio of 4.30. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $38.74. The company has a market capitalization of $677.04 million, a P/E ratio of -10.79 and a beta of 0.52.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data 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 firm had revenue of $122.69 million during the quarter, compared to analysts’ expectations of $119.00 million. As a group, equities research analysts expect that Xometry, Inc. will post -0.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Subir Dutt bought 10,000 shares of the stock in a transaction dated Thursday, May 30th. The stock was bought at an average cost of $15.55 per share, with a total value of $155,500.00. Following the purchase, the insider now owns 46,864 shares of the company’s stock, valued at $728,735.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have sold 2,286 shares of company stock valued at $27,662. 19.23% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

XMTR has been the topic of several analyst reports. Cantor Fitzgerald started coverage on Xometry in a research note on Wednesday, June 5th. They issued an “underweight” rating and a $13.00 price objective on the stock. Craig Hallum lowered their price target on Xometry from $23.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Citigroup cut their price objective on Xometry from $31.00 to $24.00 and set a “buy” rating for the company in a report on Tuesday, May 28th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $27.00 target price on shares of Xometry in a report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.29.

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.