AssuredPartners Investment Advisors LLC Acquires Shares of 5,170 Xometry, Inc. (NASDAQ:XMTR)

AssuredPartners Investment Advisors LLC acquired a new stake in Xometry, Inc. (NASDAQ:XMTR) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 5,170 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds have also modified their holdings of XMTR. Vanguard Group Inc. grew its position in Xometry by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 4,293,272 shares of the company’s stock valued at $183,151,000 after acquiring an additional 86,997 shares during the period. LPL Financial LLC boosted its stake in shares of Xometry by 17.7% in the 4th quarter. LPL Financial LLC now owns 28,880 shares of the company’s stock valued at $1,232,000 after purchasing an additional 4,343 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Xometry in the 4th quarter valued at $410,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Xometry during the 4th quarter worth about $484,000. Finally, Counterpoint Mutual Funds LLC bought a new position in Xometry during the 4th quarter valued at about $309,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Xometry Stock Performance

Shares of NASDAQ:XMTR opened at $25.89 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 1-year low of $11.08 and a 1-year high of $45.33. The stock has a market capitalization of $1.30 billion, a P/E ratio of -24.66 and a beta of 0.69. The business has a 50-day moving average price of $30.55 and a two-hundred day moving average price of $28.98.

Analysts Set New Price Targets

Several brokerages have weighed in on XMTR. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $25.00 to $45.00 in a research note on Wednesday, December 18th. Cantor Fitzgerald raised their price target on Xometry from $12.00 to $20.00 and gave the company an “underweight” rating in a report on Wednesday, February 26th. Wedbush reissued an “outperform” rating and issued a $48.00 price objective on shares of Xometry in a research note on Friday, December 20th. Royal Bank of Canada raised their target price on Xometry from $27.00 to $40.00 and gave the company a “sector perform” rating in a research note on Friday, January 3rd. Finally, Citigroup reduced their price target on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $36.11.

Insider Transactions at Xometry

In related news, CFO James Miln sold 5,386 shares of Xometry stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $42.33, for a total transaction of $227,989.38. Following the completion of the sale, the chief financial officer now directly owns 102,329 shares of the company’s stock, valued at $4,331,586.57. The trade was a 5.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Peter Goguen sold 940 shares of the stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $42.36, for a total value of $39,818.40. Following the completion of the transaction, the chief operating officer now directly owns 167,993 shares in the company, valued at $7,116,183.48. The trade was a 0.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,965 shares of company stock worth $2,050,643 in the last quarter. 16.79% of the stock is owned by company insiders.

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.