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

Primecap Management Co. CA lifted its stake in shares of Xometry, Inc. (NASDAQ:XMTR) by 1.4% during the second quarter, Holdings Channel reports. The fund 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 about 0.15% of Xometry worth $78,666,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XMTR. Charles Schwab Investment Management Inc. lifted its position in shares of Xometry by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 304,341 shares of the company’s stock valued at $10,929,000 after acquiring an additional 5,144 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Xometry during the 4th quarter valued at $709,000. Quest Partners LLC acquired a new position in shares of Xometry during the 4th quarter valued at $125,000. Austin Wealth Management LLC acquired a new position in shares of Xometry during the 4th quarter valued at $646,000. Finally, Wellington Management Group LLP acquired a new position in shares of Xometry during the 4th quarter valued at $21,165,000. Institutional investors and hedge funds own 97.31% of the company’s stock.

Analysts Set New Price Targets

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

Xometry Trading Up 5.4 %

Shares of XMTR stock opened at $19.49 on Wednesday. The firm has a 50-day moving average of $16.63 and a 200-day moving average of $16.03. The company has a current ratio of 4.64, a quick ratio of 4.60 and a debt-to-equity ratio of 0.89. Xometry, Inc. has a one year low of $11.08 and a one year high of $38.74.

Xometry (NASDAQ:XMTR) last announced its 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 during the quarter, compared to the consensus estimate of $128.65 million. Xometry had a negative net margin of 10.53% and a negative return on equity of 10.75%. The firm’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.55) earnings per share. On average, equities research analysts anticipate that Xometry, Inc. will post -0.81 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Matthew Leibel sold 3,400 shares of the 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 completion of the transaction, the chief technology officer now owns 82,918 shares in the company, valued at $1,529,837.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders sold a total of 5,686 shares of company stock worth $90,392 over the last quarter. Insiders own 19.23% of the company’s stock.

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.