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ExOne (NASDAQ:XONE) dropped 7.1% on Monday following insider selling activity, reports. The stock traded as low as $39.13 and last traded at $39.48, with a volume of 404,282 shares traded. The stock had previously closed at $42.48.

Specifically, major shareholder Century Ventures Ltd Novel sold 2,925 shares of ExOne stock on the open market in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $43.36, for a total value of $126,828.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

A number of analysts have recently weighed in on XONE shares. Analysts at Zacks downgraded shares of ExOne from a “neutral” rating to an “underperform” rating in a research note on Monday, June 23rd. They now have a $32.90 price target on the stock. Separately, analysts at Jefferies Group downgraded shares of ExOne from a “buy” rating to a “hold” rating in a research note on Friday, June 20th. They now have a $32.00 price target on the stock, down previously from $50.00. Finally, analysts at Brean Capital initiated coverage on shares of ExOne in a research note on Wednesday, June 18th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $40.86.

The stock’s 50-day moving average is $31.28 and its 200-day moving average is $40.8. The company’s market cap is $547.5 million.

ExOne (NASDAQ:XONE) last announced its earnings results on Wednesday, May 14th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.26. The company had revenue of $7.29 million for the quarter, compared to the consensus estimate of $9.87 million. During the same quarter in the previous year, the company posted ($0.20) earnings per share. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, analysts predict that ExOne will post $-0.46 earnings per share for the current fiscal year.

The ExOne Company is provider of three-dimensional (NASDAQ:XONE) printing machines and printed products to industrial customers.

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