The ExOne Co. (XONE) Receives Average Rating of “Hold” from Brokerages
The ExOne Co. (NASDAQ:XONE) has earned an average rating of “Hold” from the ten research firms that are currently covering the firm. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $14.00.
XONE has been the topic of several research reports. Zacks Investment Research upgraded The ExOne from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Saturday, August 13th. Canaccord Genuity restated a “hold” rating and set a $12.00 price target on shares of The ExOne in a research note on Wednesday, August 10th. FBR & Co restated an “outperform” rating and set a $18.00 price target on shares of The ExOne in a research note on Monday, October 3rd. Finally, Brean Capital restated a “hold” rating on shares of The ExOne in a research note on Thursday, August 11th.
In other The ExOne news, CEO James L. Mccarley purchased 7,200 shares of the stock in a transaction on Wednesday, August 24th. The stock was acquired at an average price of $14.27 per share, with a total value of $102,744.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Irvin sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $15.51, for a total value of $77,550.00. Following the completion of the sale, the director now directly owns 154,300 shares of the company’s stock, valued at approximately $2,393,193. The disclosure for this sale can be found here. 36.40% of the stock is owned by company insiders.
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A number of large investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of The ExOne during the second quarter valued at $244,000. Commerzbank Aktiengesellschaft FI boosted its position in shares of The ExOne by 4.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 16,886 shares of the company’s stock valued at $178,000 after buying an additional 698 shares during the last quarter. State Street Corp boosted its position in shares of The ExOne by 8.4% in the first quarter. State Street Corp now owns 150,394 shares of the company’s stock valued at $1,977,000 after buying an additional 11,669 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of The ExOne by 82.5% in the second quarter. Janney Montgomery Scott LLC now owns 155,648 shares of the company’s stock valued at $1,602,000 after buying an additional 70,341 shares during the last quarter. Finally, Marathon Capital Management purchased a new position in shares of The ExOne during the second quarter valued at about $106,000. 15.98% of the stock is owned by institutional investors and hedge funds.
The ExOne (NASDAQ:XONE) traded down 2.78% during mid-day trading on Tuesday, reaching $12.95. The company had a trading volume of 71,136 shares. The ExOne has a 52 week low of $6.50 and a 52 week high of $16.15. The stock has a 50 day moving average of $14.24 and a 200 day moving average of $12.12. The stock’s market capitalization is $208.07 million.
The ExOne (NASDAQ:XONE) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.09. The firm had revenue of $11.80 million for the quarter, compared to analyst estimates of $11.12 million. The ExOne had a negative return on equity of 16.30% and a negative net margin of 43.59%. The business’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.48) earnings per share. Analysts anticipate that The ExOne will post ($0.71) earnings per share for the current year.
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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