Zacks: Exa Corporation (EXA) Given $17.88 Average Price Target by Analysts
Exa Corporation (NASDAQ:EXA) has been assigned a consensus broker rating score of 1.25 (Strong Buy) from the four brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a buy rating and three have issued a strong buy rating on the company.
Brokers have set a 1 year consensus target price of $17.88 for the company and are anticipating that the company will post ($0.04) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Exa Corporation an industry rank of 98 out of 265 based on the ratings given to related companies.
A number of research firms recently commented on EXA. Needham & Company LLC raised their price objective on shares of Exa Corporation from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, December 22nd. Zacks Investment Research upgraded shares of Exa Corporation from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, December 6th.
In other Exa Corporation news, insider Hudong Chen sold 3,000 shares of Exa Corporation stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $16.00, for a total value of $48,000.00. Following the transaction, the insider now owns 119,656 shares in the company, valued at $1,914,496. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP James E. Hoch sold 12,000 shares of Exa Corporation stock in a transaction that occurred on Tuesday, December 20th. The stock was sold at an average price of $16.00, for a total transaction of $192,000.00. Following the completion of the transaction, the vice president now owns 153,694 shares in the company, valued at approximately $2,459,104. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock worth $285,930 in the last quarter. Company insiders own 9.89% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of EXA. Russell Investments Group Ltd. acquired a new position in Exa Corporation during the fourth quarter valued at about $125,000. Metropolitan Life Insurance Co. NY acquired a new position in Exa Corporation during the second quarter valued at about $156,000. Strs Ohio acquired a new position in Exa Corporation during the third quarter valued at about $229,000. Ranger Investment Management L.P. acquired a new position in Exa Corporation during the fourth quarter valued at about $232,000. Finally, Redmond Asset Management LLC raised its position in Exa Corporation by 0.5% in the fourth quarter. Redmond Asset Management LLC now owns 18,729 shares of the company’s stock valued at $288,000 after buying an additional 102 shares during the period. Hedge funds and other institutional investors own 78.25% of the company’s stock.
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Shares of Exa Corporation (NASDAQ:EXA) traded up 0.88% during trading on Friday, reaching $16.13. The company had a trading volume of 3,925 shares. The stock has a 50 day moving average of $15.95 and a 200 day moving average of $15.24. The stock’s market capitalization is $239.55 million. Exa Corporation has a 52-week low of $10.14 and a 52-week high of $16.89.
Exa Corporation (NASDAQ:EXA) last posted its quarterly earnings data on Wednesday, November 30th. The company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.05. Exa Corporation had a negative net margin of 3.87% and a negative return on equity of 15.46%. The business had revenue of $19.20 million for the quarter, compared to analyst estimates of $19.10 million. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities research analysts forecast that Exa Corporation will post ($0.03) EPS for the current year.
Exa Corporation Company Profile
Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.
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