JPMorgan Chase & Co. Buys 175,447 Shares of Xometry, Inc. (NASDAQ:XMTR)

Dec 02, 2023

JPMorgan Chase & Co. lifted its stake in Xometry, Inc. (NASDAQ:XMTR - Get Rating) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,332,619 shares of the company's stock after buying an additional 175,447 shares during the period. JPMorgan Chase & Co. owned approximately 5.23% of Xometry worth $75,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. First Republic Investment Management Inc. bought a new stake in shares of Xometry in the third quarter valued at approximately $409,000. Raymond James & Associates raised its position in Xometry by 6.2% during the fourth quarter. Raymond James & Associates now owns 344,582 shares of the company's stock valued at $11,106,000 after purchasing an additional 20,047 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Xometry by 44.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 47,292 shares of the company's stock valued at $1,524,000 after purchasing an additional 14,455 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in Xometry by 10.2% during the fourth quarter. Chicago Partners Investment Group LLC now owns 6,328 shares of the company's stock valued at $233,000 after purchasing an additional 584 shares in the last quarter. Finally, Arizona State Retirement System acquired a new position in Xometry during the third quarter valued at approximately $205,000. 99.29% of the stock is currently owned by institutional investors.

Shares of XMTR opened at $20.06 on Wednesday. The company has a quick ratio of 5.73, a current ratio of 5.75 and a debt-to-equity ratio of 0.77. The firm's fifty day simple moving average is $15.70 and its two-hundred day simple moving average is $25.30. Xometry, Inc. has a 12 month low of $12.45 and a 12 month high of $64.35.

Xometry (NASDAQ:XMTR - Get Rating) last issued its quarterly earnings results on Wednesday, May 10th. The company reported ($0.38) EPS for the quarter, beating analysts' consensus estimates of ($0.40) by $0.02. The business had revenue of $105.33 million for the quarter, compared to analysts' expectations of $100.71 million. Xometry had a negative net margin of 18.46% and a negative return on equity of 18.73%. Equities analysts expect that Xometry, Inc. will post -1.29 earnings per share for the current year.

XMTR has been the subject of several research analyst reports. JPMorgan Chase & Co. downgraded shares of Xometry from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $55.00 to $21.00 in a research report on Thursday, March 2nd. UBS Group lowered their price objective on shares of Xometry from $45.00 to $20.00 and set a "neutral" rating for the company in a research report on Thursday, March 2nd. Citigroup upped their price target on shares of Xometry from $25.00 to $26.00 in a report on Thursday, May 11th. Craig Hallum lowered their price target on shares of Xometry from $48.00 to $27.00 in a report on Thursday, March 2nd. Finally, Royal Bank of Canada downgraded shares of Xometry from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from $45.00 to $21.00 in a report on Thursday, March 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $29.73.

Xometry, Inc operates a marketplace that enables buyers to source manufactured parts and assemblies in the United States and internationally. It provides CNC machining, milling, and turning services; sheet, laser, waterjet, and plasma cutting services; and sheet metal forming services. The company also offers 3D printing services, such as carbon digital light synthesis, fused deposition modeling, HP multi jet fusion, PolyJet, selective laser sintering, stereolithography, metal 3D printing service, direct metal laser sintering, and metal binder jetting; and injection molding services, including plastic injection, over, insert, and prototype molding, as well as bridge and production tooling.

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