GSA Capital Partners LLP Invests $1.07 Million in Xometry, Inc. (NASDAQ:XMTR)

GSA Capital Partners LLP bought a new position in shares of Xometry, Inc. (NASDAQ:XMTR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 58,205 shares of the company’s stock, valued at approximately $1,069,000.

A number of other institutional investors have also modified their holdings of XMTR. Raymond James & Associates increased its holdings in Xometry by 0.6% during the third quarter. Raymond James & Associates now owns 287,986 shares of the company’s stock valued at $5,290,000 after buying an additional 1,586 shares during the period. Sei Investments Co. increased its holdings in Xometry by 0.8% during the second quarter. Sei Investments Co. now owns 214,048 shares of the company’s stock valued at $2,474,000 after buying an additional 1,708 shares during the period. US Bancorp DE increased its holdings in Xometry by 57.7% during the third quarter. US Bancorp DE now owns 5,570 shares of the company’s stock valued at $102,000 after buying an additional 2,037 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in Xometry by 22.1% during the first quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock valued at $200,000 after buying an additional 2,140 shares during the period. Finally, nVerses Capital LLC purchased a new position in Xometry during the second quarter valued at approximately $38,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Xometry Price Performance

Shares of XMTR opened at $29.09 on Friday. Xometry, Inc. has a twelve month low of $11.08 and a twelve month high of $38.74. The company has a 50 day moving average of $20.98 and a two-hundred day moving average of $17.31. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -27.70 and a beta of 0.55.

Insider Transactions at Xometry

In related news, COO Peter Goguen sold 12,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $29.55, for a total transaction of $354,600.00. Following the completion of the transaction, the chief operating officer now owns 180,419 shares of the company’s stock, valued at $5,331,381.45. This trade represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Matthew Leibel sold 16,564 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $30.08, for a total transaction of $498,245.12. Following the transaction, the chief technology officer now directly owns 77,856 shares of the company’s stock, valued at approximately $2,341,908.48. This trade represents a 17.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,633 shares of company stock worth $1,201,730. Company insiders own 16.79% of the company’s stock.

Wall Street Analyst Weigh In

XMTR has been the topic of several research reports. Cantor Fitzgerald reissued an “underweight” rating and set a $12.00 price objective on shares of Xometry in a report on Wednesday, November 6th. UBS Group lifted their price objective on shares of Xometry from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Craig Hallum raised their target price on shares of Xometry from $20.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group raised their target price on shares of Xometry from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Citigroup raised their target price on shares of Xometry from $25.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $27.71.

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.