Exa Corporation (EXA) Earning Somewhat Favorable News Coverage, Analysis Finds
Media coverage about Exa Corporation (NASDAQ:EXA) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Exa Corporation earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.0870765235375 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s analysis:
- BRIEF-Dassault Systemes starts cash tender offer for shares of EXA for price of $24.25/shr (reuters.com)
- Dassault Systèmes’ Tender Offer for Exa Corporation Commences (businesswire.com)
- Lawmakers slam DOE’s proposal to help coal, nuclear power – The Hill (thehill.com)
- Dassault Systèmes to Acquire Exa Corporation for $400m (automotiveworld.com)
- NASDAQ:EXA Shareholder Alert: Investigation of Takeover of Exa Corp by Dassault Systemes (sbwire.com)
Exa Corporation (NASDAQ:EXA) last announced its quarterly earnings results on Monday, August 28th. The technology company reported ($0.12) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.12). The business had revenue of $17.50 million during the quarter, compared to analysts’ expectations of $17.58 million. Exa Corporation had a negative return on equity of 25.19% and a negative net margin of 6.46%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.05) EPS.
A number of research analysts have weighed in on EXA shares. Zacks Investment Research cut shares of Exa Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday. Needham & Company LLC cut shares of Exa Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. BidaskClub raised shares of Exa Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Canaccord Genuity reaffirmed a “hold” rating and set a $24.25 price target on shares of Exa Corporation in a research report on Thursday, September 28th. Finally, Stifel Nicolaus cut shares of Exa Corporation from a “buy” rating to a “hold” rating and lifted their price target for the company from $17.00 to $24.25 in a research report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $20.63.
In other news, major shareholder Soros Fund Management Llc purchased 53,502 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was acquired at an average price of $15.49 per share, with a total value of $828,745.98. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders purchased 243,310 shares of company stock valued at $3,628,183. 11.53% of the stock is currently owned by company insiders.
About Exa Corporation
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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