PRIMECAP Management Co. recently announced the acquisition of new stake in Xometry Inc (NASDAQ:XMTR). The institutional investor has increased its shareholding in the Industrials company by 6.26% to 6.63 million shares with purchase of 0.39 million shares. This fresh investment now brings its stake to 14.61% valued currently at $238.13 million. In addition, Brown Capital Management LLC raised its holdings by 6959.0 to 6.35 million shares. And Eventide Asset Management LLC has lifted its position by 31.45% or 1.37 million shares – to 5.73 million shares.
With over 0.49 million Xometry Inc (XMTR) shares trading Friday and a closing price of $30.05 on the day, the dollar volume was approximately $14.78 million. The shares have shown a positive half year performance of 26.85% and its price on 01/12/24 lost nearly -0.43%. Currently, there are 44.82M common shares owned by the public and among those 39.06M shares have been available to trade.
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Insiders at the company have transacted a total of 54 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 29 of these insider trades were purchases, accounting for 282,056 shares. Insider sales of the common stock occurred on 25 occasions, with total insider shares sold totaling 117,095 shares.
The top 3 mutual fund holders in Xometry Inc are Eventide Gilead Fund, PRIMECAP Odyssey Growth Fund, and Brown Capital Management – Small. Eventide Gilead Fund owns 4.0 million shares of the company’s stock, all valued at over $143.8 million. The company bought an additional 1.03 million shares recently to bring their total holdings to about 8.82% of the shares outstanding. PRIMECAP Odyssey Growth Fund bought 0.38 million shares to see its total holdings expand to 3.61 million shares valued at over $129.48 million and representing 7.94% of the shares outstanding. Brown Capital Management – Small now owns shares totaling to 7.67% of the shares outstanding.
Shares of Xometry Inc (NASDAQ: XMTR) opened at $30.54, up $0.36 from a prior closing price of $30.18. The company’s stock has a 5-day price change of -7.57% and 70.84% over the past three months. XMTR shares are trading -16.32% year to date (YTD), with the 12-month market performance up to 3.48% higher. It has a 12-month low price of $12.45 and touched a high of $41.07 over the same period. XMTR has an average intraday trading volume of 542.05K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.25%, 18.85%, and 52.28% respectively.
Institutional ownership of Xometry Inc (NASDAQ: XMTR) shares accounts for 95.58% of the company’s 44.82M shares outstanding. Mutual fund holders own 41.23%, while other institutional holders and individual stakeholders account for 60.23% and 20.53% respectively.
It has a market capitalization of $1.44B and a beta (3y monthly) value of 0.99. The earnings-per-share (ttm) stands at -$1.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.75% over the week and 6.10% over the month.
Analysts forecast that Xometry Inc (XMTR) will achieve an EPS of -$0.01 for the current quarter, $0.04 for the next quarter and $0.24 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of $0.02. Comparatively, EPS for the current quarter was -$0.29 a year ago. Earnings per share for the fiscal year are expected to increase by 51.65%, and 150.86% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Xometry Inc (XMTR) as a “Strong Buy” at a consensus score of 1.78. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 3 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the XMTR, a number of firms have released research notes about the stock. JMP Securities stated their Mkt Outperform rating for the stock in a research note on April 10, 2023, with the firm’s price target at $20.
