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Analysts at Canaccord Genuity lowered their target price on shares of Exa Corp (NYSE:EXA) from $17.00 to $14.00 in a research report issued to clients and investors on Friday. Canaccord Genuity’s price target suggests a potential upside of 53.68% from the company’s current price.

Exa Corp (NYSE:EXA) opened at 9.11 on Friday. Exa Corp has a one year low of $8.20 and a one year high of $16.42. The stock’s 50-day moving average is $10.30 and its 200-day moving average is $13.1. The company’s market cap is $121.7 million.

Exa Corp (NYSE:EXA) last announced its earnings results on Thursday, May 29th. The company reported ($1.25) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.04) by $1.21. The company had revenue of $13.80 million for the quarter, compared to the consensus estimate of $13.94 million. During the same quarter last year, the company posted ($0.02) earnings per share. Exa Corp’s revenue was up 10.4% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Exa Corp from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $8.90 price target on the stock. Separately, analysts at Robert W. Baird cut their price target on shares of Exa Corp from $17.00 to $15.00 in a research note on Wednesday, April 16th. Finally, analysts at TheStreet downgraded shares of Exa Corp from a “hold” rating to a “sell” rating in a research note on Friday, March 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $14.68.

Exa Corporation (NYSE:EXA) is engaged in developing, selling and supporting simulation software and services that vehicle manufacturer’s use.

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