ARK Investment Management LLC Buys 19,197 Shares of Xometry, Inc. (NASDAQ:XMTR)

ARK Investment Management LLC lifted its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 7.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 284,134 shares of the company’s stock after purchasing an additional 19,197 shares during the period. ARK Investment Management LLC’s holdings in Xometry were worth $5,220,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Primecap Management Co. CA increased its holdings in Xometry by 1.4% during the second quarter. Primecap Management Co. CA now owns 6,804,988 shares of the company’s stock worth $78,666,000 after buying an additional 93,350 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Xometry by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock worth $65,488,000 after purchasing an additional 76,976 shares during the last quarter. Sylebra Capital LLC raised its holdings in shares of Xometry by 134.2% in the 2nd quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock valued at $17,441,000 after purchasing an additional 864,454 shares during the period. Clearbridge Investments LLC lifted its stake in Xometry by 20.7% in 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 last quarter. Finally, Bellecapital International Ltd. bought a new position in Xometry during the second quarter worth about $6,281,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Xometry Trading Down 0.0 %

Shares of Xometry stock opened at $30.59 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.60 and a current ratio of 4.59. The firm has a 50-day moving average of $19.56 and a 200-day moving average of $16.74. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $38.74. The stock has a market cap of $1.51 billion, a PE ratio of -29.14 and a beta of 0.55.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.13. Xometry had a negative net margin of 9.72% and a negative return on equity of 10.16%. The firm had revenue of $132.60 million during the quarter, compared to the consensus estimate of $128.65 million. During the same quarter in the previous year, the firm posted ($0.55) EPS. The business’s revenue for the quarter was up 19.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Xometry, Inc. will post -0.81 EPS for the current year.

Insider Activity

In other Xometry news, CTO Matthew Leibel sold 3,400 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $18.45, for a total transaction of $62,730.00. Following the transaction, the chief technology officer now owns 82,918 shares in the company, valued at $1,529,837.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.79% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Citigroup upped their price objective on Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday. Cantor Fitzgerald restated an “underweight” rating and issued a $12.00 price target on shares of Xometry in a research note on Wednesday. UBS Group lifted their price objective on shares of Xometry from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group increased their price objective on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, JMP Securities lifted their target price on shares of Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.29.

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.