Crexendo (CXDO) to Release Earnings on Tuesday

Crexendo (NASDAQ:CXDO) is anticipated to announce its Q1 2025 earnings results after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $15.81 million for the quarter.

Crexendo Price Performance

CXDO stock opened at $5.16 on Monday. The company has a market cap of $143.97 million, a P/E ratio of 172.06 and a beta of 1.09. Crexendo has a 1 year low of $2.92 and a 1 year high of $7.34. The stock’s fifty day moving average price is $5.24 and its 200-day moving average price is $5.44.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Craig Hallum started coverage on shares of Crexendo in a research note on Monday, April 7th. They issued a “buy” rating and a $8.00 price objective on the stock. B. Riley reiterated a “buy” rating and issued a $7.50 price target (up from $6.75) on shares of Crexendo in a research report on Wednesday, March 5th. Finally, D. Boral Capital boosted their price objective on shares of Crexendo from $7.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, March 6th.

Insider Buying and Selling

In other news, CTO David Tzat-Kin Wang sold 229,476 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $5.50, for a total value of $1,262,118.00. Following the transaction, the chief technology officer now directly owns 445,995 shares in the company, valued at $2,452,972.50. The trade was a 33.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey G. Korn sold 10,000 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the sale, the chief executive officer now owns 243,384 shares of the company’s stock, valued at $1,460,304. This represents a 3.95 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 249,476 shares of company stock valued at $1,384,818. 56.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Crexendo

An institutional investor recently raised its position in Crexendo stock. Bank of America Corp DE raised its holdings in shares of Crexendo, Inc. (NASDAQ:CXDO) by 71.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,174 shares of the company’s stock after purchasing an additional 2,578 shares during the quarter. Bank of America Corp DE’s holdings in Crexendo were worth $32,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 9.53% of the company’s stock.

Crexendo Company Profile

Crexendo, Inc provides cloud communication platform and services, video collaboration, and managed IT services for businesses in the United States and internationally. It operates through two segments, Cloud Telecommunications Services and Software Solutions. The Cloud Telecommunications segment provides telecommunications services that transmit calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud; and broadband Internet services, as well as develops end user portals for account and license management, and billing and customer support.