Panagora Asset Management Inc. Invests $330,000 in Xometry, Inc. (NASDAQ:XMTR)

Panagora Asset Management Inc. purchased a new stake in Xometry, Inc. (NASDAQ:XMTR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,517 shares of the company’s stock, valued at approximately $330,000. Panagora Asset Management Inc. owned 0.06% of Xometry at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in XMTR. Quest Partners LLC acquired a new stake in shares of Xometry during the fourth quarter worth $125,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in Xometry in the 1st quarter worth about $169,000. State Board of Administration of Florida Retirement System boosted its holdings in Xometry by 22.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,840 shares of the company’s stock valued at $200,000 after purchasing an additional 2,140 shares during the period. Natixis Advisors L.P. bought a new stake in Xometry in the 4th quarter valued at about $361,000. Finally, Austin Wealth Management LLC acquired a new position in shares of Xometry during the 4th quarter worth approximately $646,000. 97.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on XMTR. JMP Securities reiterated a “market outperform” rating and issued a $27.00 price target on shares of Xometry in a research note on Tuesday, July 23rd. Craig Hallum dropped their price target on Xometry from $23.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Citigroup decreased their target price 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, Cantor Fitzgerald dropped their target price 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Xometry presently has a consensus rating of “Hold” and a consensus target price of $22.14.

Xometry Stock Down 6.4 %

Shares of NASDAQ XMTR opened at $18.39 on Wednesday. The company has a market cap of $906.63 million, a price-to-earnings ratio of -13.52 and a beta of 0.58. 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 12 month low of $11.08 and a 12 month high of $38.74. The stock has a 50-day moving average price of $15.34 and a two-hundred day moving average price of $16.72.

Xometry (NASDAQ:XMTR) last released 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. The business had revenue of $132.60 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.55) EPS. As a group, analysts forecast that Xometry, Inc. will post -0.81 earnings per share for the current fiscal year.

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.