Zacks: Analysts Set $17.25 Target Price for Exa Corp. (NASDAQ:EXA)
Shares of Exa Corp. (NASDAQ:EXA) have received a consensus broker rating score of 1.25 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. Exa Corp.’s rating score has declined by 25% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a one year consensus target price of $17.25 for the company and are forecasting that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also assigned Exa Corp. an industry rank of 177 out of 265 based on the ratings given to its competitors.
Several equities analysts have issued reports on EXA shares. Canaccord Genuity boosted their target price on Exa Corp. from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. Zacks Investment Research upgraded Exa Corp. from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, September 1st. Finally, Needham & Company LLC boosted their target price on Exa Corp. from $15.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, August 30th.
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In related news, Director John J. Shields sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $14.37, for a total value of $28,740.00. Following the sale, the director now owns 64,078 shares of the company’s stock, valued at approximately $920,800.86. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John J. Shields sold 4,699 shares of the company’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $13.96, for a total value of $65,598.04. Following the completion of the sale, the director now directly owns 65,078 shares in the company, valued at approximately $908,488.88. The disclosure for this sale can be found here. 9.89% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. American International Group Inc. bought a new stake in Exa Corp. during the second quarter worth about $115,000. Nationwide Fund Advisors bought a new stake in Exa Corp. during the second quarter worth about $127,000. Metropolitan Life Insurance Co. NY bought a new stake in Exa Corp. during the second quarter worth about $156,000. BB&T Corp bought a new stake in Exa Corp. during the second quarter worth about $159,000. Finally, TFS Capital LLC raised its stake in Exa Corp. by 16.1% in the second quarter. TFS Capital LLC now owns 17,100 shares of the company’s stock worth $247,000 after buying an additional 2,377 shares during the last quarter. 75.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exa Corp. (NASDAQ:EXA) traded down 0.40% during trading on Friday, reaching $14.89. The company’s stock had a trading volume of 15,818 shares. The company has a 50 day moving average price of $15.72 and a 200 day moving average price of $13.99. Exa Corp. has a 52 week low of $9.05 and a 52 week high of $16.74. The firm’s market capitalization is $220.67 million.
Exa Corp. (NASDAQ:EXA) last released its earnings results on Monday, August 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Exa Corp. had a negative return on equity of 19.36% and a negative net margin of 4.84%. The company had revenue of $17.10 million for the quarter. During the same quarter in the previous year, the firm posted ($0.06) EPS. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities research analysts expect that Exa Corp. will post ($0.07) EPS for the current fiscal year.
About Exa Corp.
Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.
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