Lisanti Capital Growth LLC Buys New Position in Xometry, Inc. (NASDAQ:XMTR)

Lisanti Capital Growth LLC purchased a new position in shares of Xometry, Inc. (NASDAQ:XMTR) during the 4th quarter, Holdings Channel.com reports. The fund purchased 207,415 shares of the company’s stock, valued at approximately $8,848,000. Xometry comprises approximately 2.1% of Lisanti Capital Growth LLC’s portfolio, making the stock its 4th biggest position.

Other large investors have also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new position in shares of Xometry during the fourth quarter worth approximately $27,000. SBI Securities Co. Ltd. purchased a new position in shares of Xometry during the fourth quarter worth approximately $73,000. US Bancorp DE raised its stake in shares of Xometry by 57.7% during the third quarter. US Bancorp DE now owns 5,570 shares of the company’s stock worth $102,000 after acquiring an additional 2,037 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Xometry during the third quarter worth approximately $205,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Xometry during the fourth quarter worth approximately $219,000. 97.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Xometry

In other news, CFO James Miln sold 5,386 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $42.33, for a total transaction of $227,989.38. Following the sale, the chief financial officer now owns 102,329 shares in the company, valued at approximately $4,331,586.57. The trade was a 5.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Randolph Altschuler sold 27,566 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $26.60, for a total transaction of $733,255.60. Following the sale, the chief executive officer now owns 256,570 shares in the company, valued at approximately $6,824,762. This trade represents a 9.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,965 shares of company stock worth $2,065,315 over the last quarter. Corporate insiders own 16.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on XMTR. Citigroup decreased their price target on shares of Xometry from $46.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th. Cantor Fitzgerald lifted their target price on shares of Xometry from $12.00 to $20.00 and gave the stock an “underweight” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised shares of Xometry from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $25.00 to $45.00 in a research note on Wednesday, December 18th. Royal Bank of Canada lifted their target price on shares of Xometry from $27.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, January 3rd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $42.00 target price on shares of Xometry in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.11.

Xometry Stock Performance

NASDAQ:XMTR opened at $24.71 on Friday. The stock has a market cap of $1.22 billion, a P/E ratio of -23.53 and a beta of 0.69. The firm’s fifty day simple moving average is $34.67 and its 200 day simple moving average is $28.28. Xometry, Inc. has a twelve month low of $11.08 and a twelve month high of $45.33. The company has a quick ratio of 4.55, a current ratio of 4.59 and a debt-to-equity ratio of 0.90.

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.