Texas Capital Bank Wealth Management Services Inc Boosts Holdings in Xometry, Inc. (NASDAQ:XMTR)

Texas Capital Bank Wealth Management Services Inc boosted its position in shares of Xometry, Inc. (NASDAQ:XMTR) by 100.0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 20,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in Xometry were worth $231,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of XMTR. Vanguard Group Inc. lifted its stake in shares of Xometry by 2.0% in the first quarter. Vanguard Group Inc. now owns 3,877,346 shares of the company’s stock worth $65,488,000 after buying an additional 76,976 shares in the last quarter. Wellington Management Group LLP purchased a new position in Xometry in the 4th quarter worth approximately $21,165,000. Clearbridge Investments LLC lifted its position in Xometry by 20.7% in the 1st quarter. Clearbridge Investments LLC now owns 1,270,631 shares of the company’s stock valued at $21,461,000 after acquiring an additional 217,939 shares in the last quarter. ARK Investment Management LLC boosted its stake in Xometry by 74.9% during the 2nd quarter. ARK Investment Management LLC now owns 264,937 shares of the company’s stock valued at $3,063,000 after purchasing an additional 113,478 shares during the last quarter. Finally, Primecap Management Co. CA increased its holdings in shares of Xometry by 1.4% in the 2nd quarter. Primecap Management Co. CA now owns 6,804,988 shares of the company’s stock worth $78,666,000 after purchasing an additional 93,350 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CTO Matthew Leibel sold 3,400 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $18.45, for a total value of $62,730.00. Following the transaction, the chief technology officer now directly owns 82,918 shares of the company’s stock, valued at approximately $1,529,837.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 4,700 shares of company stock valued at $78,018 in the last 90 days. Company insiders own 19.23% of the company’s stock.

Analyst Ratings Changes

XMTR has been the topic of a number of research analyst reports. Cantor Fitzgerald lowered their price target on Xometry from $13.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. JMP Securities restated a “market outperform” rating and set a $27.00 target price on shares of Xometry in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $22.14.

Xometry Trading Up 1.5 %

Shares of NASDAQ:XMTR opened at $18.79 on Friday. The stock’s 50-day simple moving average is $17.37 and its two-hundred day simple moving average is $16.10. The stock has a market capitalization of $926.35 million, a price-to-earnings ratio of -13.82 and a beta of 0.58. Xometry, Inc. has a 52-week low of $11.08 and a 52-week high of $38.74. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.60 and a current ratio of 4.64.

Xometry (NASDAQ:XMTR) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share (EPS) 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 company had revenue of $132.60 million for the quarter, compared to the consensus estimate of $128.65 million. During the same quarter last year, the firm posted ($0.55) earnings per share. The firm’s revenue was up 19.5% compared to the same quarter last year. Analysts expect that Xometry, Inc. will post -0.81 EPS for the current year.

Xometry 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.