Insider Selling: Century Ventures Ltd Novel Unloads 172,881 Shares of ExOne Stock (XONE)
ExOne (NASDAQ:XONE) major shareholder Century Ventures Ltd Novel sold 172,881 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $29.18, for a total transaction of $5,044,667.58. Following the sale, the insider now directly owns 2,059,990 shares of the company’s stock, valued at approximately $60,110,508. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of ExOne (NASDAQ:XONE) traded down 3.66% during mid-day trading on Friday, hitting $27.61. The stock had a trading volume of 706,891 shares. ExOne has a 52-week low of $24.34 and a 52-week high of $72.90. The stock’s 50-day moving average is $34.5 and its 200-day moving average is $35.66. The company’s market cap is $398.0 million. ExOne also was the target of some unusual options trading activity on Tuesday. Stock investors acquired 590 put options on the stock. This represents an increase of 123% compared to the average volume of 264 put options.
ExOne (NASDAQ:XONE) last issued its quarterly earnings data on Wednesday, August 13th. The company reported ($0.32) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.14) by $0.18. The company had revenue of $11.20 million for the quarter, compared to the consensus estimate of $12.11 million. Analysts expect that ExOne will post $-0.46 EPS for the current fiscal year.
A number of analysts have recently weighed in on XONE shares. Analysts at Credit Suisse reiterated an “underperform” rating on shares of ExOne in a research note on Friday. They now have a $21.00 price target on the stock, down previously from $25.00. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of ExOne in a research note on Friday. They now have a $30.00 price target on the stock, down previously from $32.00. Finally, analysts at FBR Capital Markets initiated coverage on shares of ExOne in a research note on Friday. They set an “outperform” rating and a $45.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $38.79.
The ExOne Company is provider of three-dimensional (NASDAQ:XONE) printing machines and printed products to industrial customers.
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