Xactly Corporation’s (XTLY) Buy Rating Reiterated at Needham & Company LLC
Xactly Corporation (NASDAQ:XTLY)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a research report issued to clients and investors on Wednesday. They currently have a $18.00 target price on the stock. Needham & Company LLC’s price target indicates a potential upside of 23.54% from the company’s previous close.
Several other equities analysts have also issued reports on XTLY. National Securities started coverage on Xactly Corporation in a research report on Tuesday, August 2nd. They set a “buy” rating and a $17.00 price target on the stock. Zacks Investment Research lowered Xactly Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Dougherty & Co reiterated a “buy” rating and issued a $20.00 price objective on shares of Xactly Corporation in a research report on Tuesday, September 6th. Oppenheimer Holdings Inc. lifted their price objective on Xactly Corporation from $13.00 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 7th. Finally, Lake Street Capital lifted their price objective on Xactly Corporation from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Eight analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $17.57.
Xactly Corporation (NASDAQ:XTLY) traded down 0.21% during trading on Wednesday, hitting $14.54. The company had a trading volume of 100,970 shares. Xactly Corporation has a 1-year low of $4.68 and a 1-year high of $16.10. The company’s 50 day moving average price is $14.23 and its 200-day moving average price is $11.41. The stock’s market capitalization is $447.11 million.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/xactly-corporations-xtly-buy-rating-reiterated-at-needham-company-llc.html
Xactly Corporation (NASDAQ:XTLY) last posted its quarterly earnings results on Thursday, September 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.06. The company had revenue of $24 million for the quarter, compared to the consensus estimate of $23.37 million. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts expect that Xactly Corporation will post ($0.43) EPS for the current year.
In other news, CEO Christopher Cabrera sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $15.08, for a total value of $120,640.00. Following the completion of the transaction, the chief executive officer now owns 104,500 shares in the company, valued at approximately $1,575,860. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Joseph C. Consul sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $15.00, for a total value of $375,000.00. Following the completion of the transaction, the chief financial officer now owns 43,000 shares of the company’s stock, valued at approximately $645,000. The disclosure for this sale can be found here.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in Xactly Corporation by 59.5% in the second quarter. JPMorgan Chase & Co. now owns 871,550 shares of the company’s stock worth $11,165,000 after buying an additional 325,216 shares during the last quarter. Thompson Davis & CO. Inc. bought a new position in shares of Xactly Corporation during the second quarter worth about $184,000. EAM Investors LLC boosted its position in shares of Xactly Corporation by 115.8% in the second quarter. EAM Investors LLC now owns 231,550 shares of the company’s stock worth $2,966,000 after buying an additional 124,255 shares during the last quarter. Strs Ohio boosted its position in shares of Xactly Corporation by 1,920.0% in the second quarter. Strs Ohio now owns 50,500 shares of the company’s stock worth $646,000 after buying an additional 48,000 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of Xactly Corporation during the second quarter worth about $2,889,000.
About Xactly Corporation
Xactly Corporation is a provider of cloud-based incentive compensation solutions for employee and sales performance management. The Company delivers its solutions through a software-as-a-service (SaaS) business model. The Company has a customer base, including companies in various industries, such as business and financial services, communications, life sciences, media and Internet, SaaS and traditional software, and retail.
Receive News & Ratings for Xactly Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xactly Corporation and related companies with MarketBeat.com's FREE daily email newsletter.