Xplore Technologies’ (XPLR) Buy Rating Reaffirmed at Maxim Group
Xplore Technologies (NASDAQ:XPLR)‘s stock had its “buy” rating reiterated by research analysts at Maxim Group in a report released on Friday. They presently have a $5.00 target price on the technology company’s stock. Maxim Group’s price objective points to a potential upside of 78.57% from the stock’s current price.
The analysts wrote, “XPLR preannounced FY18 revenue at the high end of the targeted $75-$85 million range, representing almost 9% growth. We believe this establishes that the recovery is underway following a 23% decline in revenue in FY17.””
Separately, Zacks Investment Research lowered Xplore Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 12th.
Xplore Technologies (NASDAQ:XPLR) last announced its earnings results on Wednesday, November 8th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $22.75 million for the quarter, compared to analyst estimates of $20.00 million. Xplore Technologies had a return on equity of 1.24% and a net margin of 0.44%. equities research analysts expect that Xplore Technologies will post 0.03 EPS for the current year.
In related news, VP Randy W. Denny acquired 10,300 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were acquired at an average price of $3.00 per share, with a total value of $30,900.00. Following the completion of the transaction, the vice president now owns 300 shares of the company’s stock, valued at $900. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Thomas Wiley Wilkinson acquired 10,000 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were bought at an average cost of $2.92 per share, for a total transaction of $29,200.00. The disclosure for this purchase can be found here. Insiders have bought 44,203 shares of company stock worth $131,976 in the last ninety days. Corporate insiders own 13.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of XPLR. Macquarie Group Ltd. purchased a new stake in shares of Xplore Technologies during the third quarter worth $153,000. JPMorgan Chase & Co. purchased a new stake in shares of Xplore Technologies during the third quarter worth $121,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Xplore Technologies during the third quarter worth $212,000. 20.40% of the stock is currently owned by institutional investors and hedge funds.
About Xplore Technologies
Xplore Technologies Corp. (Xplore) is engaged in the development, integration and marketing of rugged mobile personal computers (PCs). The Company’s rugged tablet PCs are designed to withstand various conditions, such as extreme temperatures, driving rain, repeated vibrations, dirt, dust and concussive shocks.
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