Xplore Technologies’ (XPLR) “Buy” Rating Reiterated at Maxim Group

Xplore Technologies (NASDAQ:XPLR)‘s stock had its “buy” rating reiterated by equities researchers at Maxim Group in a report issued on Friday. They presently have a $5.00 price target on the technology company’s stock. Maxim Group’s target price would indicate a potential upside of 78.57% from the company’s current price.

The analysts wrote, “XPLR preannounced FY18 revenue at the high end of the targeted $75-$85 million range, representing almost 9% growth. We believe this establishes that the recovery is underway following a 23% decline in revenue in FY17.””

Separately, Zacks Investment Research upgraded Xplore Technologies from a “hold” rating to a “buy” rating and set a $3.75 target price for the company in a research report on Wednesday, October 18th.

Shares of Xplore Technologies (NASDAQ XPLR) traded down $0.01 on Friday, hitting $2.80. The stock had a trading volume of 5,800 shares, compared to its average volume of 18,892. Xplore Technologies has a one year low of $1.54 and a one year high of $4.20.

Xplore Technologies (NASDAQ:XPLR) last issued its earnings results on Wednesday, November 8th. The technology company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03. The company had revenue of $22.75 million during the quarter, compared to analyst estimates of $20.00 million. Xplore Technologies had a return on equity of 1.24% and a net margin of 0.44%. research analysts expect that Xplore Technologies will post 0.03 earnings per share for the current year.

In related news, VP Randy W. Denny acquired 10,300 shares of Xplore Technologies stock in a transaction that occurred on Thursday, November 30th. The stock was acquired at an average price of $3.00 per share, for a total transaction of $30,900.00. Following the transaction, the vice president now directly owns 300 shares of the company’s stock, valued at approximately $900. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Thomas Wiley Wilkinson acquired 10,000 shares of Xplore Technologies stock in a transaction that occurred on Friday, December 8th. The shares were bought at an average price of $2.92 per share, with a total value of $29,200.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 44,203 shares of company stock valued at $131,976 in the last 90 days. Insiders own 13.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in Xplore Technologies during the 3rd quarter valued at $121,000. Macquarie Group Ltd. bought a new stake in Xplore Technologies during the 3rd quarter valued at $153,000. Finally, Dimensional Fund Advisors LP bought a new stake in Xplore Technologies during the 3rd quarter valued at $212,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

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Xplore Technologies Company Profile

Xplore Technologies Corp. (Xplore) is engaged in the development, integration and marketing of rugged mobile personal computers (PCs). The Company’s rugged tablet PCs are designed to withstand various conditions, such as extreme temperatures, driving rain, repeated vibrations, dirt, dust and concussive shocks.

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