Shares of Exa Corporation (NASDAQ:EXA) have earned a consensus rating of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $16.50.

EXA has been the subject of a number of analyst reports. Zacks Investment Research downgraded Exa Corporation from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 25th. ValuEngine upgraded Exa Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, TheStreet upgraded Exa Corporation from a “d” rating to a “c-” rating in a research report on Tuesday, June 13th.

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Exa Corporation (EXA) opened at 13.45 on Friday. The company has a 50 day moving average of $13.79 and a 200 day moving average of $14.03. The stock’s market capitalization is $200.58 million. Exa Corporation has a 52 week low of $12.34 and a 52 week high of $16.89.

Exa Corporation (NASDAQ:EXA) last issued its quarterly earnings results on Wednesday, May 24th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.04. The company had revenue of $16.56 million during the quarter, compared to the consensus estimate of $16.56 million. Exa Corporation had a negative return on equity of 13.97% and a negative net margin of 3.79%. Exa Corporation’s revenue was down 1.4% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share. Equities analysts expect that Exa Corporation will post ($0.15) EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the company. FIL Ltd bought a new stake in shares of Exa Corporation during the first quarter worth about $3,071,000. Ranger Investment Management L.P. increased its stake in shares of Exa Corporation by 289.3% in the first quarter. Ranger Investment Management L.P. now owns 58,850 shares of the technology company’s stock worth $747,000 after buying an additional 43,733 shares in the last quarter. Soros Fund Management LLC increased its stake in shares of Exa Corporation by 3.0% in the first quarter. Soros Fund Management LLC now owns 1,418,369 shares of the technology company’s stock worth $18,013,000 after buying an additional 41,703 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Exa Corporation by 2.1% in the first quarter. Vanguard Group Inc. now owns 588,431 shares of the technology company’s stock worth $7,473,000 after buying an additional 12,135 shares in the last quarter. Finally, Oxford Asset Management bought a new stake in shares of Exa Corporation during the first quarter worth about $140,000. Institutional investors own 76.41% 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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