Primecap Management Co. CA Has $78.67 Million Position in Xometry, Inc. (NASDAQ:XMTR)

Primecap Management Co. CA grew its position in Xometry, Inc. (NASDAQ:XMTR) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,804,988 shares of the company’s stock after buying an additional 93,350 shares during the quarter. Primecap Management Co. CA owned 14.75% of Xometry worth $78,666,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. nVerses Capital LLC acquired a new position in shares of Xometry in the 2nd quarter valued at approximately $38,000. Quest Partners LLC acquired a new position in Xometry during the 4th quarter worth approximately $125,000. Texas Capital Bank Wealth Management Services Inc acquired a new position in Xometry during the 1st quarter worth approximately $169,000. State Board of Administration of Florida Retirement System increased its position in Xometry by 22.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock worth $200,000 after purchasing an additional 2,140 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Xometry by 66.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 25,403 shares of the company’s stock worth $294,000 after purchasing an additional 10,103 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Xometry Stock Up 5.4 %

XMTR opened at $19.49 on Wednesday. Xometry, Inc. has a fifty-two week low of $11.08 and a fifty-two week high of $38.74. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.64 and a quick ratio of 4.60. The company’s 50 day moving average price is $16.63 and its two-hundred day moving average price is $16.03.

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

Insider Activity

In other news, CTO Matthew Leibel sold 3,400 shares of the company’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $18.45, for a total value of $62,730.00. Following the sale, the chief technology officer now directly owns 82,918 shares of the company’s stock, valued at approximately $1,529,837.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 5,686 shares of company stock valued at $90,392. 19.23% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Citigroup lowered their price objective on shares of Xometry from $31.00 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, May 28th. Cantor Fitzgerald lowered their price objective on shares of Xometry from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Friday, August 9th. Finally, JMP Securities reiterated a “market outperform” rating and set a $27.00 price objective on shares of Xometry in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $22.14.

Xometry Company 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.