Exa Corp (NASDAQ:EXA) issued its quarterly earnings data on Wednesday. The technology company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.04. The company had revenue of $16.56 million during the quarter, compared to analysts’ expectations of $16.56 million. Exa Corp had a negative net margin of 3.87% and a negative return on equity of 15.46%. Exa Corp’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.04) earnings per share. Exa Corp updated its Q2 guidance to $(0.15)-(0.11) EPS and its FY18 guidance to $(0.20)-(0.04) EPS.

Exa Corp (NASDAQ:EXA) traded up 1.08% during midday trading on Wednesday, reaching $13.08. 65,030 shares of the company were exchanged. The company has a 50-day moving average of $13.11 and a 200 day moving average of $14.64. The firm’s market capitalization is $194.84 million. Exa Corp has a 52 week low of $11.12 and a 52 week high of $16.89.

Earnings History for Exa Corp (NASDAQ:EXA)

Several brokerages have issued reports on EXA. Stifel Nicolaus dropped their target price on shares of Exa Corp from $18.50 to $17.00 and set a “buy” rating for the company in a research report on Friday, March 17th. Zacks Investment Research lowered shares of Exa Corp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 31st. Canaccord Genuity lowered shares of Exa Corp from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a research report on Friday, March 17th. Needham & Company LLC reiterated a “buy” rating and set a $16.00 target price (down from $18.00) on shares of Exa Corp in a research report on Friday, March 17th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $18.00 target price (up from $17.00) on shares of Exa Corp in a research report on Tuesday, February 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Exa Corp has a consensus rating of “Buy” and an average target price of $16.60.

Several hedge funds have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY increased its stake in Exa Corp by 399.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 10,576 shares of the technology company’s stock valued at $134,000 after buying an additional 8,459 shares during the last quarter. Renaissance Technologies LLC raised its position in Exa Corp by 0.6% in the first quarter. Renaissance Technologies LLC now owns 241,800 shares of the technology company’s stock valued at $3,071,000 after buying an additional 1,500 shares during the period. Geode Capital Management LLC raised its position in Exa Corp by 4.4% in the first quarter. Geode Capital Management LLC now owns 95,843 shares of the technology company’s stock valued at $1,217,000 after buying an additional 4,053 shares during the period. Vanguard Group Inc. raised its position in Exa Corp by 2.1% in the first quarter. Vanguard Group Inc. now owns 588,431 shares of the technology company’s stock valued at $7,473,000 after buying an additional 12,135 shares during the period. Finally, Teachers Advisors LLC raised its position in Exa Corp by 8.2% in the first quarter. Teachers Advisors LLC now owns 23,591 shares of the technology company’s stock valued at $300,000 after buying an additional 1,785 shares during the period. Institutional investors and hedge funds own 78.25% of the company’s stock.

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Exa Corp Company Profile

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.

12 Month Chart for NASDAQ:EXA

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