The ExOne Co. (XONE) Stock Price Down 4.4% After Insider Selling
The ExOne Co. (NASDAQ:XONE)’s share price fell 4.4% during trading on Friday after an insider sold shares in the company. The company traded as low as $14.77 and last traded at $14.88, with a volume of 105,335 shares. The stock had previously closed at $15.56.
Specifically, CEO James L. Mccarley bought 7,200 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The stock was purchased at an average price of $14.27 per share, for a total transaction of $102,744.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John Irvin sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $15.51, for a total value of $77,550.00. Following the sale, the director now owns 154,300 shares of the company’s stock, valued at approximately $2,393,193. The disclosure for this sale can be found here. Corporate insiders own 36.40% of the company’s stock.
Several research firms recently weighed in on XONE. Brean Capital restated a “hold” rating on shares of The ExOne in a research note on Thursday, August 11th. Zacks Investment Research upgraded The ExOne from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Thursday. FBR & Co restated an “outperform” rating and set a $18.00 target price on shares of The ExOne in a research note on Monday. Finally, Canaccord Genuity restated a “hold” rating and set a $12.00 target price on shares of The ExOne in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The ExOne has a consensus rating of “Hold” and a consensus target price of $14.00.
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The company has a 50-day moving average of $14.26 and a 200-day moving average of $12.06. The stock’s market cap is $239.40 million.
The ExOne (NASDAQ:XONE) last posted its earnings results on Tuesday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.09. The ExOne had a negative return on equity of 16.30% and a negative net margin of 43.59%. The business earned $11.80 million during the quarter, compared to analyst estimates of $11.12 million. During the same quarter last year, the firm earned ($0.48) earnings per share. The company’s revenue for the quarter was up 38.8% compared to the same quarter last year. On average, equities research analysts expect that The ExOne Co. will post ($0.71) EPS for the current year.
Large investors have recently bought and sold shares of the stock. Marathon Capital Management bought a new stake in The ExOne during the second quarter worth about $106,000. Sanders Morris Harris Inc. bought a new stake in The ExOne during the second quarter worth about $124,000. Parametric Portfolio Associates LLC raised its stake in The ExOne by 4.4% in the second quarter. Parametric Portfolio Associates LLC now owns 12,078 shares of the company’s stock worth $128,000 after buying an additional 507 shares during the period. A.R.T. Advisors LLC bought a new stake in The ExOne during the second quarter worth about $150,000. Finally, Commerzbank Aktiengesellschaft FI raised its stake in The ExOne by 4.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 16,886 shares of the company’s stock worth $178,000 after buying an additional 698 shares during the period. Institutional investors and hedge funds own 16.00% of the company’s stock.
About The ExOne
The ExOne Company is a provider of three dimensional (3D) printing machines and 3D printed and other products, materials and services to industrial customers. The Company’s business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its installed base of 3D printing machines.
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