ARK Investment Management LLC Has $5.22 Million Stock Position in Xometry, Inc. (NASDAQ:XMTR)

ARK Investment Management LLC increased its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 284,134 shares of the company’s stock after purchasing an additional 19,197 shares during the quarter. ARK Investment Management LLC owned about 0.58% of Xometry worth $5,220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in XMTR. Primecap Management Co. CA lifted its holdings in Xometry by 1.4% in the second quarter. Primecap Management Co. CA now owns 6,804,988 shares of the company’s stock valued at $78,666,000 after buying an additional 93,350 shares during the period. Vanguard Group Inc. grew its stake in shares of Xometry by 2.0% during the first 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 period. Sylebra Capital LLC increased its holdings in Xometry by 134.2% in the second 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 last quarter. Clearbridge Investments LLC lifted its stake in Xometry by 20.7% in the first quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after buying an additional 217,939 shares during the period. Finally, Bellecapital International Ltd. bought a new position in Xometry during the second quarter worth about $6,281,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Xometry Price Performance

XMTR stock opened at $30.59 on Friday. The stock has a 50-day moving average price of $19.56 and a two-hundred day moving average price of $16.74. Xometry, Inc. has a 1 year low of $11.08 and a 1 year 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. The company has a current ratio of 4.59, a quick ratio of 4.60 and a debt-to-equity ratio of 0.90.

Xometry (NASDAQ:XMTR) last announced its earnings results 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 return on equity of 10.16% and a negative net margin of 9.72%. The business had revenue of $132.60 million for the quarter, compared to analyst estimates of $128.65 million. Xometry’s revenue for the quarter was up 19.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.55) EPS. Equities analysts forecast that Xometry, Inc. will post -0.81 EPS for the current fiscal year.

Insider Activity

In related news, CTO Matthew Leibel sold 3,400 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $18.45, for a total transaction of $62,730.00. Following the completion of the transaction, the chief technology officer now owns 82,918 shares in the company, valued at approximately $1,529,837.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 16.79% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on XMTR shares. JMP Securities increased their price target on shares of Xometry from $27.00 to $32.00 and gave the company a “market outperform” rating in a research report on Friday, October 18th. Cantor Fitzgerald reiterated an “underweight” rating and issued a $12.00 target price on shares of Xometry in a report on Wednesday. Craig Hallum boosted their price target on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada upped their price objective on shares of Xometry from $23.00 to $27.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their target price on Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.29.

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.