Exa Corporation (EXA) Receives Average Rating of “Hold” from Brokerages
Exa Corporation (NASDAQ:EXA) has been given a consensus rating of “Hold” by the eight research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $24.25.
Several research firms have recently issued reports on EXA. Needham & Company LLC downgraded EXA from a “buy” rating to a “hold” rating in a research note on Friday, September 29th. Zacks Investment Research upgraded EXA from a “sell” rating to a “hold” rating in a research note on Tuesday, October 31st. Robert W. Baird downgraded EXA from an “outperform” rating to a “neutral” rating in a research note on Thursday, September 28th. Canaccord Genuity reiterated a “hold” rating and set a $24.25 price target on shares of EXA in a research note on Thursday, September 28th. Finally, Stifel Nicolaus downgraded EXA from a “buy” rating to a “hold” rating and upped their price target for the stock from $17.00 to $24.25 in a research note on Thursday, September 28th.
In related news, major shareholder Soros Fund Management Llc purchased 53,502 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was bought at an average price of $15.49 per share, for a total transaction of $828,745.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders have bought 243,310 shares of company stock valued at $3,628,183. 11.53% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in the stock. Gabelli Funds LLC bought a new stake in shares of EXA in the 3rd quarter worth approximately $5,101,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of EXA in the 3rd quarter worth approximately $2,246,000. Gamco Investors INC. ET AL bought a new stake in shares of EXA in the 3rd quarter worth approximately $394,000. Vanguard Group Inc. lifted its position in shares of EXA by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 588,431 shares of the technology company’s stock worth $7,473,000 after acquiring an additional 12,135 shares during the period. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of EXA by 399.6% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 10,576 shares of the technology company’s stock worth $134,000 after acquiring an additional 8,459 shares during the period. Hedge funds and other institutional investors own 74.37% of the company’s stock.
EXA (NASDAQ:EXA) opened at $24.24 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.01. EXA has a 52-week low of $12.34 and a 52-week high of $24.42.
EXA (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 consensus estimate of ($0.12). EXA had a negative return on equity of 25.19% and a negative net margin of 6.46%. The company had revenue of $17.50 million for the quarter, compared to analyst estimates of $17.58 million. During the same period in the prior year, the firm posted ($0.05) EPS. The business’s revenue was up 2.3% compared to the same quarter last year. equities research analysts predict that EXA will post -0.34 EPS for the current year.
EXA 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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