The ExOne Company (NASDAQ:XONE) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday.

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. “

Several other analysts have also recently commented on the company. Canaccord Genuity restated a “buy” rating and issued a $9.50 target price (down from $11.00) on shares of The ExOne in a research report on Monday, August 14th. FBR & Co restated a “buy” rating and issued a $15.00 target price (down from $18.00) on shares of The ExOne in a research report on Monday, August 14th. Finally, ValuEngine cut The ExOne from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.25.

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

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Waldron LP bought a new position in The ExOne during the 1st quarter valued at $47,721,000. ARK Investment Management LLC boosted its stake in The ExOne by 35.5% during the 2nd quarter. ARK Investment Management LLC now owns 696,980 shares of the industrial products company’s stock valued at $7,980,000 after purchasing an additional 182,770 shares in the last quarter. State Street Corp boosted its stake in The ExOne by 6.4% during the 2nd quarter. State Street Corp now owns 185,750 shares of the industrial products company’s stock valued at $2,125,000 after purchasing an additional 11,246 shares in the last quarter. Essex Investment Management Co. LLC boosted its stake in The ExOne by 83.9% during the 2nd quarter. Essex Investment Management Co. LLC now owns 149,452 shares of the industrial products company’s stock valued at $1,711,000 after purchasing an additional 68,187 shares in the last quarter. Finally, UBS Group AG boosted its stake in The ExOne by 22.5% during the 1st quarter. UBS Group AG now owns 74,999 shares of the industrial products company’s stock valued at $765,000 after purchasing an additional 13,775 shares in the last quarter. 25.33% of the stock is owned by hedge funds and other institutional investors.

The ExOne Company Profile

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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