Emerald Green Trust Sells 280,040 Shares of XOS (NASDAQ:XOS) Stock

Xos, Inc. (NASDAQ:XOS) major shareholder Emerald Green Trust sold 280,040 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $5.24, for a total transaction of $1,467,409.60. Following the transaction, the insider directly owned 1,161,229 shares of the company’s stock, valued at $6,084,839.96. The trade was a 19.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Emerald Green Trust also recently made the following trade(s):

• On Wednesday, June 3rd, Emerald Green Trust sold 119,960 shares of XOS stock. The stock was sold at an average price of $6.06, for a total transaction of $726,957.60.

XOS Price Performance

NASDAQ:XOS opened at $4.74 on Friday. The company has a 50-day moving average of $2.11 and a 200-day moving average of $2.16. The company has a market capitalization of $57.45 million, a price-to-earnings ratio of -2.39 and a beta of 1.81. Xos, Inc. has a 52 week low of $1.60 and a 52 week high of $8.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 1.89.

XOS (NASDAQ:XOS) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.29. The company had revenue of $11.23 million during the quarter, compared to the consensus estimate of $6.23 million. XOS had a negative net margin of 39.13% and a negative return on equity of 86.90%. As a group, equities research analysts anticipate that Xos, Inc. will post -2.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On XOS

Several institutional investors have recently added to or reduced their stakes in XOS. Citadel Advisors LLC bought a new position in shares of XOS in the third quarter worth about $27,000. DRW Securities LLC bought a new position in shares of XOS in the fourth quarter worth about $33,000. Geode Capital Management LLC raised its stake in shares of XOS by 29.9% in the fourth quarter. Geode Capital Management LLC now owns 71,145 shares of the company’s stock worth $129,000 after acquiring an additional 16,357 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of XOS in the third quarter worth about $331,000. 12.86% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on XOS shares. Zacks Research downgraded shares of XOS from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Weiss Ratings raised shares of XOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, XOS has a consensus rating of “Hold” and a consensus target price of $7.00.

XOS Company Profile

Xos, Inc (NASDAQ: XOS) is a U.S.-based manufacturer of commercial electric vehicles, offering Class 5 through Class 8 electric trucks, chassis and proprietary battery systems. The company’s core business spans vehicle design, powertrain integration, battery management and telematics, aimed at supporting last-mile delivery, beverage distribution and vocational fleets. Xos combines modular vehicle architectures with advanced software to deliver route-optimized performance and zero-emission operation for commercial customers.

Founded in 2016 as a spin-off from a specialty vehicle division, Xos designs, engineers and assembles its electric trucks at a manufacturing facility in Morristown, Tennessee, while maintaining research and development operations in California.