Shares of Exa Corporation (NASDAQ:EXA) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $24.25.

EXA has been the topic of several recent analyst reports. Canaccord Genuity reiterated a “hold” rating and set a $24.25 price objective on shares of Exa Corporation in a research report on Thursday, September 28th. 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 upgraded shares of Exa Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Zacks Investment Research cut shares of Exa Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, Robert W. Baird cut shares of Exa Corporation from an “outperform” rating to a “neutral” rating in a research report on Thursday, September 28th.

Exa Corporation (NASDAQ:EXA) opened at 24.22 on Friday. The company’s market cap is $363.69 million. The stock has a 50 day moving average of $16.69 and a 200-day moving average of $14.31. Exa Corporation has a one year low of $12.34 and a one year high of $24.42.

Exa Corporation (NASDAQ:EXA) last issued its quarterly earnings results on Monday, August 28th. The technology company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). Exa Corporation had a negative net margin of 6.46% and a negative return on equity of 25.19%. The business had revenue of $17.50 million for the quarter, compared to the consensus estimate of $17.58 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts predict that Exa Corporation will post ($0.12) EPS for the current fiscal year.

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In other Exa Corporation news, major shareholder Soros Fund Management Llc purchased 53,502 shares of Exa Corporation stock in a transaction that occurred on Monday, September 18th. The shares were bought at an average price of $15.49 per share, for a total transaction of $828,745.98. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 243,310 shares of company stock worth $3,628,183 in the last 90 days. 11.53% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. American International Group Inc. increased its position in Exa Corporation by 7.0% in the first quarter. American International Group Inc. now owns 8,530 shares of the technology company’s stock worth $108,000 after purchasing an additional 556 shares during the last quarter. Russell Investments Group Ltd. increased its position in Exa Corporation by 27.0% in the first quarter. Russell Investments Group Ltd. now owns 10,330 shares of the technology company’s stock worth $131,000 after purchasing an additional 2,198 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in Exa Corporation by 399.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 10,576 shares of the technology company’s stock worth $134,000 after purchasing an additional 8,459 shares during the last quarter. Oxford Asset Management bought a new stake in Exa Corporation in the first quarter worth $140,000. Finally, Rhumbline Advisers increased its position in Exa Corporation by 4.6% in the second quarter. Rhumbline Advisers now owns 13,871 shares of the technology company’s stock worth $191,000 after purchasing an additional 605 shares during the last quarter. Institutional investors own 76.03% of the company’s stock.

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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