Zacks Investment Research downgraded shares of Exa Corporation (NASDAQ:EXA) from a strong-buy rating to a hold rating in a research report released on Tuesday.

According to Zacks, “Exa Corporation develops, markets, sells, and supports software products, and provides professional services for simulation-driven design. The Company offers PowerFLOW(R) simulation engine, automatic fluid grid generation engine, mesh preparation, advanced simulation analysis, and rapid design geometry modification products. The company’s software suite includes PowerDELTA, PowerCASE, PowerCLAY, PowerTHERM, PowerCOOL, PowerINSIGHT, PowerVIZ and PowerACOUSTICS. Its products are used in various applications, including aerodynamics, thermal management, aeroacoustics, climate control, and powertrain. . Exa Corporation is headquartered in Burlington, Massachusetts. “

EXA has been the topic of a number of other research reports. TheStreet upgraded shares of Exa Corporation from a d rating to a c- rating in a research report on Tuesday, June 13th. ValuEngine upgraded shares of Exa Corporation from a sell rating to a hold rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $16.20.

Exa Corporation (NASDAQ:EXA) traded down 0.44% on Tuesday, reaching $13.64. 24,692 shares of the company traded hands. The company’s market capitalization is $203.41 million. Exa Corporation has a 52-week low of $12.34 and a 52-week high of $16.89. The stock has a 50-day moving average of $13.85 and a 200 day moving average of $14.24.

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

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Several institutional investors have recently added to or reduced their stakes in EXA. Ranger Investment Management L.P. increased its position in 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 valued at $747,000 after buying an additional 43,733 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 valued at $134,000 after buying an additional 8,459 shares during the last quarter. Soros Fund Management LLC increased its position in 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 valued at $18,013,000 after buying an additional 41,703 shares during the last quarter. Renaissance Technologies LLC increased its position in Exa Corporation by 0.6% in the first quarter. Renaissance Technologies LLC now owns 241,800 shares of the technology company’s stock valued at $3,071,000 after buying an additional 1,500 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Exa Corporation by 4.4% in the first quarter. Geode Capital Management LLC now owns 95,843 shares of the technology company’s stock valued at $1,217,000 after buying an additional 4,053 shares during the last quarter. 76.18% of the stock is owned by hedge funds and other institutional investors.

Exa Corporation 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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