Next Century Growth Investors LLC purchased a new stake in shares of Xometry, Inc. (NASDAQ:XMTR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 500 shares of the company’s stock, valued at approximately $43,000.
Several other hedge funds have also recently modified their holdings of the company. Durable Capital Partners LP acquired a new position in shares of Xometry during the 2nd quarter valued at $123,336,000. Geode Capital Management LLC acquired a new position in shares of Xometry during the 2nd quarter valued at $1,553,000. Vanguard Group Inc. bought a new stake in shares of Xometry during the 2nd quarter worth $862,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Xometry during the 2nd quarter worth $13,109,000. Finally, FMR LLC bought a new stake in shares of Xometry during the 2nd quarter worth $22,215,000. Institutional investors own 38.47% of the company’s stock.
XMTR has been the subject of several research reports. Bank of America began coverage on Xometry in a research note on Monday, July 26th. They set a “buy” rating and a $90.00 price objective for the company. JPMorgan Chase & Co. started coverage on Xometry in a report on Monday, July 26th. They set an “overweight” rating and a $100.00 price objective for the company. Royal Bank of Canada started coverage on Xometry in a report on Monday, July 26th. They set a “sector perform” rating and a $80.00 target price on the stock. Zacks Investment Research upgraded Xometry from a “sell” rating to a “hold” rating in a report on Thursday. Finally, William Blair began coverage on Xometry in a research note on Monday, July 26th. They issued an “outperform” rating and a $74.66 price objective on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $83.94.
Xometry (NASDAQ:XMTR) last released its earnings results on Thursday, August 12th. The company reported ($1.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($1.16). The company had revenue of $50.59 million during the quarter, compared to analyst estimates of $47.44 million. On average, analysts predict that Xometry, Inc. will post -1.67 earnings per share for the current year.
Xometry, Inc operates an artificial intelligence (AI) enabled marketplace that enables buyers to source manufactured parts and assemblies. The company's platform offers CNC manufacturing, sheet metal manufacturing, 3D printing, sheet metal fabrication, die casting, injection molding and urethane casting, and other products.
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