Russell Investments Group Ltd. Invests $577,000 in Xometry, Inc. (NASDAQ:XMTR)

Russell Investments Group Ltd. bought a new stake in Xometry, Inc. (NASDAQ:XMTR - Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,900 shares of the company's stock, valued at approximately $577,000.

Several other large investors also recently added to or reduced their stakes in the company. Swiss National Bank increased its stake in shares of Xometry by 7.6% in the first quarter. Swiss National Bank now owns 19,800 shares of the company's stock worth $728,000 after purchasing an additional 1,400 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Xometry by 816.7% in the 1st quarter. Bank of New York Mellon Corp now owns 206,188 shares of the company's stock valued at $7,578,000 after buying an additional 183,696 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Xometry by 343.8% in the first quarter. MetLife Investment Management LLC now owns 14,025 shares of the company's stock worth $515,000 after acquiring an additional 10,865 shares during the period. Rhumbline Advisers grew its position in shares of Xometry by 238.5% in the first quarter. Rhumbline Advisers now owns 23,225 shares of the company's stock valued at $854,000 after purchasing an additional 16,364 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Xometry by 136.8% during the 1st quarter. BlackRock Inc. now owns 1,255,487 shares of the company's stock worth $46,138,000 after purchasing an additional 725,280 shares in the last quarter. Hedge funds and other institutional investors own 99.29% of the company's stock.

XMTR has been the topic of several analyst reports. Royal Bank of Canada cut Xometry from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from $45.00 to $21.00 in a research report on Thursday, March 2nd. JMP Securities increased their price objective on Xometry from $20.00 to $24.00 in a research report on Thursday, May 11th. Citigroup boosted their target price on Xometry from $25.00 to $26.00 in a research report on Thursday, May 11th. Craig Hallum lowered their price target on Xometry from $48.00 to $27.00 in a report on Thursday, March 2nd. Finally, JPMorgan Chase & Co. lowered Xometry from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $55.00 to $21.00 in a report on Thursday, March 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.73.

XMTR stock opened at $18.72 on Monday. The firm has a market cap of $845.58 million, a P/E ratio of -12.00 and a beta of -0.28. The firm's fifty day moving average is $15.13 and its 200 day moving average is $26.50. Xometry, Inc. has a 52 week low of $12.45 and a 52 week high of $64.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.73 and a current ratio of 5.75.

Xometry (NASDAQ:XMTR - Get Rating) last issued its earnings results on Wednesday, March 1st. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.30). The company had revenue of $98.20 million for the quarter, compared to analysts' expectations of $104.32 million. Xometry had a negative net margin of 18.46% and a negative return on equity of 18.73%. The company's revenue was up 46.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.40) earnings per share. Research analysts predict that Xometry, Inc. will post -1.29 earnings per share for the current year.

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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