The ExOne Company (NASDAQ:XONE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “The ExOne Company provides three-dimensional printing machines and printed products to industrial customers. The Company also supplies the associated products, including consumables and replacement parts, and services including training and technical support. It manufactures and sells 3D printing machines and printing products to specification for its customers using its in-house 3D printing machines. The ExOne Company is based in Irwin, Pennsylvania. “

A number of other research firms also recently commented on XONE. ValuEngine downgraded shares of The ExOne from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Canaccord Genuity boosted their target price on shares of The ExOne from $9.50 to $11.00 and gave the stock a “hold” rating in a report on Friday, August 11th. Finally, FBR & Co reiterated a “buy” rating and issued a $15.00 target price (down from $18.00) on shares of The ExOne in a report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $13.83.

The ExOne (NASDAQ:XONE) last released its quarterly earnings results on Wednesday, August 9th. The industrial products company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.24). The ExOne had a negative return on equity of 22.66% and a negative net margin of 39.31%. The company had revenue of $10.80 million for the quarter, compared to the consensus estimate of $14.75 million. During the same quarter last year, the firm posted ($0.18) earnings per share. The firm’s quarterly revenue was down 8.5% compared to the same quarter last year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Waldron LP bought a new stake in shares of The ExOne in the 1st quarter worth approximately $47,721,000. ARK Investment Management LLC raised its holdings in shares of The ExOne by 35.5% in the 2nd quarter. ARK Investment Management LLC now owns 696,980 shares of the industrial products company’s stock worth $7,980,000 after purchasing an additional 182,770 shares in the last quarter. State Street Corp raised its holdings in shares of The ExOne by 6.4% in the 2nd quarter. State Street Corp now owns 185,750 shares of the industrial products company’s stock worth $2,125,000 after purchasing an additional 11,246 shares in the last quarter. Essex Investment Management Co. LLC raised its holdings in shares of The ExOne by 83.9% in the 2nd quarter. Essex Investment Management Co. LLC now owns 149,452 shares of the industrial products company’s stock worth $1,711,000 after purchasing an additional 68,187 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of The ExOne by 22.5% in the 1st quarter. UBS Group AG now owns 74,999 shares of the industrial products company’s stock worth $765,000 after purchasing an additional 13,775 shares in the last quarter. Institutional investors and hedge funds own 25.33% of the company’s stock.

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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