Swiss National Bank Has $2.73 Million Stock Holdings in Xometry, Inc. (NASDAQ:XMTR)

Swiss National Bank cut its holdings in Xometry, Inc. (NASDAQ:XMTR) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 75,900 shares of the company’s stock after selling 8,500 shares during the quarter. Swiss National Bank owned approximately 0.17% of Xometry worth $2,726,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XMTR. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Xometry in the third quarter valued at $180,000. Dark Forest Capital Management LP acquired a new stake in shares of Xometry in the third quarter valued at $220,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Xometry by 13.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,401 shares of the company’s stock valued at $266,000 after buying an additional 894 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Xometry by 50,118.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 8,035 shares of the company’s stock worth $289,000 after purchasing an additional 8,019 shares during the period. Finally, Graham Capital Management L.P. acquired a new stake in Xometry in the third quarter worth about $332,000. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Xometry Trading Up 0.2 %

NASDAQ XMTR opened at $15.73 on Thursday. The stock has a market capitalization of $764.16 million, a price-to-earnings ratio of -11.57 and a beta of 0.65. The stock’s 50 day moving average price is $16.93 and its two-hundred day moving average price is $23.82. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.30 and a current ratio of 4.34. Xometry, Inc. has a 52 week low of $13.57 and a 52 week high of $38.74.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings data on Thursday, February 29th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The company had revenue of $128.15 million for the quarter, compared to the consensus estimate of $127.78 million. Xometry had a negative return on equity of 15.90% and a negative net margin of 13.68%. As a group, analysts anticipate that Xometry, Inc. will post -0.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Peter Goguen sold 3,943 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total transaction of $69,436.23. Following the transaction, the chief operating officer now directly owns 197,211 shares of the company’s stock, valued at approximately $3,472,885.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have sold 5,243 shares of company stock valued at $93,002. 19.23% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XMTR. The Goldman Sachs Group lowered their price objective on Xometry from $46.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, March 1st. UBS Group lowered their price objective on Xometry from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. Royal Bank of Canada decreased their target price on Xometry from $38.00 to $23.00 and set a “sector perform” rating for the company in a research report on Friday, March 1st. Craig Hallum decreased their target price on Xometry from $23.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Finally, TheStreet cut Xometry from a “c-” rating to a “d” rating in a report on Thursday, February 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Xometry currently has an average rating of “Moderate Buy” and an average price target of $24.40.

Xometry 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.