New York State Common Retirement Fund Has $39.28 Million Stock Position in Xometry, Inc. (NASDAQ:XMTR)

New York State Common Retirement Fund increased its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,093,862 shares of the company’s stock after buying an additional 94,436 shares during the quarter. New York State Common Retirement Fund owned about 2.41% of Xometry worth $39,281,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Primecap Management Co. CA raised its stake in Xometry by 6.3% during the 3rd quarter. Primecap Management Co. CA now owns 6,631,211 shares of the company’s stock worth $112,598,000 after buying an additional 390,933 shares during the period. Vanguard Group Inc. raised its stake in Xometry by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,773,652 shares of the company’s stock worth $64,077,000 after buying an additional 161,226 shares during the period. Fred Alger Management LLC raised its stake in Xometry by 47.5% during the 3rd quarter. Fred Alger Management LLC now owns 2,584,913 shares of the company’s stock worth $43,892,000 after buying an additional 832,005 shares during the period. Glynn Capital Management LLC raised its stake in Xometry by 2.5% during the 3rd quarter. Glynn Capital Management LLC now owns 363,678 shares of the company’s stock worth $6,175,000 after buying an additional 8,805 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Xometry by 29.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 299,197 shares of the company’s stock worth $5,080,000 after purchasing an additional 67,443 shares in the last quarter. 97.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Xometry

In related news, Director Emily Rollins sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $32.39, for a total value of $32,390.00. Following the transaction, the director now owns 10,770 shares in the company, valued at $348,840.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Xometry news, Director Emily Rollins sold 1,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $32.39, for a total transaction of $32,390.00. Following the sale, the director now owns 10,770 shares in the company, valued at $348,840.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Peter Goguen sold 3,943 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total value of $69,436.23. Following the sale, the chief operating officer now owns 197,211 shares in the company, valued at approximately $3,472,885.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,243 shares of company stock worth $279,642. Insiders own 19.23% of the company’s stock.

Xometry Price Performance

XMTR stock opened at $16.89 on Thursday. Xometry, Inc. has a 12-month low of $12.45 and a 12-month high of $38.74. The company has a quick ratio of 4.25, a current ratio of 4.28 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average of $19.97 and a 200-day moving average of $23.75.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). Xometry had a negative net margin of 14.56% and a negative return on equity of 17.34%. The firm had revenue of $128.15 million during the quarter, compared to analysts’ expectations of $127.78 million. On average, sell-side analysts predict that Xometry, Inc. will post -0.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the company. JMP Securities reissued a “market outperform” rating and set a $30.00 price objective on shares of Xometry in a report on Tuesday. TheStreet lowered Xometry from a “c-” rating to a “d” rating in a report on Thursday, February 29th. Royal Bank of Canada decreased their price objective on Xometry from $38.00 to $23.00 and set a “sector perform” rating for the company in a report on Friday, March 1st. UBS Group reduced their target price on Xometry from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Finally, The Goldman Sachs Group reduced their target price on Xometry from $46.00 to $28.00 and set a “buy” rating for the company in a report on Friday, March 1st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.67.

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.