Exa Corporation (NASDAQ:EXA) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other research firms also recently commented on EXA. Needham & Company LLC downgraded Exa Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 29th. Robert W. Baird cut Exa Corporation from an “outperform” rating to a “neutral” rating in a research note on Thursday, September 28th. Canaccord Genuity reiterated a “hold” rating and issued a $24.25 price target on shares of Exa Corporation in a research note on Thursday, September 28th. Stifel Nicolaus cut Exa Corporation from a “buy” rating to a “hold” rating and boosted their price target for the company from $17.00 to $24.25 in a research note on Thursday, September 28th. Finally, Zacks Investment Research cut Exa Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $20.63.

Shares of Exa Corporation (NASDAQ:EXA) traded down 0.04% during mid-day trading on Friday, reaching $24.21. The company had a trading volume of 644,182 shares. Exa Corporation has a 12 month low of $12.34 and a 12 month high of $24.42. The company’s market capitalization is $363.54 million. The firm’s 50-day moving average is $19.64 and its 200 day moving average is $15.12.

Exa Corporation (NASDAQ:EXA) last posted its earnings results on Monday, August 28th. The technology company reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). Exa Corporation had a negative return on equity of 25.19% and a negative net margin of 6.46%. The company had revenue of $17.50 million for the quarter, compared to the consensus estimate of $17.58 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts predict that Exa Corporation will post ($0.12) earnings per share for the current year.

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In other Exa Corporation news, major shareholder Soros Fund Management Llc bought 14,119 shares of the business’s stock in a transaction on Tuesday, September 26th. The stock was purchased at an average cost of $16.58 per share, for a total transaction of $234,093.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired 243,310 shares of company stock valued at $3,628,183 over the last 90 days. Corporate insiders own 11.53% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Exa Corporation by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 588,431 shares of the technology company’s stock valued at $7,473,000 after acquiring an additional 12,135 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Exa Corporation by 0.6% in the 1st quarter. Renaissance Technologies LLC now owns 241,800 shares of the technology company’s stock valued at $3,071,000 after acquiring an additional 1,500 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Exa Corporation by 4.4% in the 1st quarter. Geode Capital Management LLC now owns 95,843 shares of the technology company’s stock valued at $1,217,000 after acquiring an additional 4,053 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Exa Corporation by 1.0% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 72,592 shares of the technology company’s stock valued at $1,002,000 after acquiring an additional 750 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Exa Corporation by 2.7% in the 1st quarter. Bank of New York Mellon Corp now owns 43,454 shares of the technology company’s stock valued at $552,000 after acquiring an additional 1,148 shares during the last quarter. Institutional investors own 75.57% of the company’s stock.

Exa Corporation 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.

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