Palumbo Wealth Management LLC Acquires Shares of 10,406 Xometry, Inc. (NASDAQ:XMTR)

Palumbo Wealth Management LLC acquired a new position in shares of Xometry, Inc. (NASDAQ:XMTR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,406 shares of the company’s stock, valued at approximately $191,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Xometry by 191.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 216,700 shares of the company’s stock valued at $3,981,000 after purchasing an additional 142,262 shares in the last quarter. Raymond James & Associates grew its position in shares of Xometry by 0.6% in the third quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock valued at $5,290,000 after purchasing an additional 1,586 shares in the last quarter. SG Americas Securities LLC bought a new stake in Xometry during the third quarter valued at $153,000. Point72 Asset Management L.P. bought a new stake in Xometry during the second quarter worth about $55,000. Finally, Sylebra Capital LLC lifted its stake in Xometry by 134.2% during the second quarter. Sylebra Capital LLC now owns 1,508,716 shares of the company’s stock worth $17,441,000 after purchasing an additional 864,454 shares during the last quarter. Institutional investors and hedge funds own 97.31% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JMP Securities increased their target price on Xometry from $27.00 to $32.00 and gave the stock a “market outperform” rating in a research report on Friday, October 18th. Cantor Fitzgerald decreased their price target on Xometry from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $22.86.

Xometry Price Performance

XMTR stock traded down $0.21 during trading on Thursday, reaching $19.40. 29,453 shares of the company were exchanged, compared to its average volume of 590,160. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $38.74. The company has a market cap of $956.36 million, a P/E ratio of -17.99 and a beta of 0.57. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.60 and a current ratio of 4.64. The stock’s 50 day moving average price is $18.94 and its 200 day moving average price is $16.37.

Xometry (NASDAQ:XMTR) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.13. The company had revenue of $132.60 million for the quarter, compared to analyst estimates of $128.65 million. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. Xometry’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.55) earnings per share. As a group, analysts predict that Xometry, Inc. will post -0.81 earnings per share for the current fiscal year.

About Xometry

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.