Exa Corporation (EXA) Earning Somewhat Positive Press Coverage, Report Finds
News coverage about Exa Corporation (NASDAQ:EXA) has been trending somewhat positive this week, according to Accern. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Exa Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 44.7243987346146 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment’s analysis:
- Exa Corporation (EXA) versus Its Peers Head-To-Head Review (americanbankingnews.com)
- Analyzing Exa Corporation (EXA) & Cadence Design Systems (CDNS) (americanbankingnews.com)
- Dassault Systemes Acquiring Exa for CFD (www10.mcadcafe.com)
- 4 Tech Stocks to Avoid if Market Pulls Back from Highs (finance.yahoo.com)
- US Jobless Claims Decline as Hurricane Impact Ebbs in South – Bloomberg (bloomberg.com)
A number of brokerages recently commented on EXA. Canaccord Genuity reissued a “hold” rating and set a $24.25 price target on shares of Exa Corporation in a research note on Thursday, September 28th. Needham & Company LLC lowered Exa Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 29th. BidaskClub raised Exa Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Zacks Investment Research lowered Exa Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Robert W. Baird lowered Exa Corporation from an “outperform” rating to a “neutral” rating in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $20.63.
Shares of Exa Corporation (EXA) opened at 24.22 on Friday. The stock has a 50 day moving average price of $16.69 and a 200 day moving average price of $14.31. The company’s market capitalization is $363.69 million. Exa Corporation has a 1-year low of $12.34 and a 1-year high of $24.42.
Exa Corporation (NASDAQ:EXA) last issued its earnings results on Monday, August 28th. The technology company reported ($0.12) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.12). Exa Corporation had a negative return on equity of 25.19% and a negative net margin of 6.46%. The business had revenue of $17.50 million for the quarter, compared to analysts’ expectations of $17.58 million. During the same period in the previous year, the firm posted ($0.05) EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts anticipate that Exa Corporation will post ($0.12) EPS for the current fiscal year.
In other Exa Corporation news, major shareholder Soros Fund Management Llc acquired 53,502 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The shares were purchased at an average cost of $15.49 per share, for a total transaction of $828,745.98. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 243,310 shares of company stock worth $3,628,183 over the last quarter. 11.53% of the stock is currently owned by insiders.
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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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