Shares of Cray Inc (NASDAQ:CRAY) have received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $24.50.

A number of research analysts have recently weighed in on CRAY shares. Zacks Investment Research lowered Cray from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. TheStreet lowered Cray from a “c” rating to a “d+” rating in a report on Wednesday, May 3rd. Needham & Company LLC restated a “buy” rating and issued a $23.00 target price (down previously from $25.00) on shares of Cray in a report on Wednesday, May 3rd. BidaskClub lowered Cray from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Finally, ValuEngine upgraded Cray from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd.

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Cray (NASDAQ:CRAY) opened at 17.95 on Tuesday. The firm’s 50 day moving average price is $19.02 and its 200 day moving average price is $19.20. Cray has a 52-week low of $16.10 and a 52-week high of $25.32. The firm has a market cap of $720.82 million, a price-to-earnings ratio of 267.91 and a beta of 1.62.

Cray (NASDAQ:CRAY) last posted its earnings results on Thursday, July 27th. The technology company reported ($0.20) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.54) by $0.34. Cray had a negative return on equity of 1.03% and a net margin of 0.47%. The company had revenue of $87.10 million for the quarter, compared to analyst estimates of $60.18 million. During the same quarter last year, the company earned ($0.29) earnings per share. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. Equities research analysts anticipate that Cray will post ($1.13) EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Cray by 141,789.6% in the first quarter. BlackRock Inc. now owns 5,024,309 shares of the technology company’s stock worth $110,032,000 after buying an additional 5,020,768 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Cray by 20.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,959,980 shares of the technology company’s stock worth $36,064,000 after buying an additional 326,742 shares during the period. American Century Companies Inc. raised its stake in shares of Cray by 45.6% in the second quarter. American Century Companies Inc. now owns 932,303 shares of the technology company’s stock worth $17,154,000 after buying an additional 291,869 shares during the period. Vanguard Group Inc. raised its stake in shares of Cray by 8.7% in the first quarter. Vanguard Group Inc. now owns 3,501,431 shares of the technology company’s stock worth $76,682,000 after buying an additional 279,435 shares during the period. Finally, Paradigm Capital Management Inc. NY raised its stake in shares of Cray by 34.1% in the first quarter. Paradigm Capital Management Inc. NY now owns 1,011,700 shares of the technology company’s stock worth $22,156,000 after buying an additional 257,400 shares during the period. Institutional investors own 96.24% of the company’s stock.

About Cray

Cray Inc is engaged in designing, developing, manufacturing, marketing and servicing the high performance computing (HPC) market, primarily categories of systems known as supercomputers. The Company’s segments include Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other.

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