Exa Corp (NASDAQ:EXA) had its target price reduced by Stifel Nicolaus from $18.50 to $17.00 in a research report sent to investors on Friday morning. Stifel Nicolaus currently has a buy rating on the stock.
Other research analysts have also recently issued research reports about the stock. Needham & Company LLC reiterated a buy rating and issued a $16.00 price target (down previously from $18.00) on shares of Exa Corp in a report on Friday. Zacks Investment Research cut shares of Exa Corp from a strong-buy rating to a hold rating in a report on Tuesday, January 31st. Canaccord Genuity cut shares of Exa Corp from a buy rating to a hold rating and set a $15.00 price target for the company. in a report on Friday. Finally, Robert W. Baird reiterated an outperform rating and issued a $18.00 price target (up previously from $17.00) on shares of Exa Corp in a report on Tuesday, February 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $16.60.
Shares of Exa Corp (NASDAQ:EXA) traded down 0.326% on Friday, reaching $13.755. 229,438 shares of the company traded hands. Exa Corp has a 52-week low of $11.12 and a 52-week high of $16.89. The stock has a 50 day moving average of $15.71 and a 200 day moving average of $15.34. The stock’s market cap is $204.28 million.
Exa Corp (NASDAQ:EXA) last released its quarterly earnings results on Thursday, March 16th. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.00 by $0.05. The company earned $19.53 million during the quarter, compared to analysts’ expectations of $20.25 million. Exa Corp had a negative net margin of 3.87% and a negative return on equity of 15.46%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.06) earnings per share. On average, analysts expect that Exa Corp will post ($0.01) earnings per share for the current year.
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In related news, VP James E. Hoch sold 12,000 shares of the stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $16.00, for a total transaction of $192,000.00. Following the completion of the transaction, the vice president now owns 153,694 shares in the company, valued at $2,459,104. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hudong Chen sold 3,000 shares of the stock in a transaction on Tuesday, December 20th. The stock was sold at an average price of $16.00, for a total transaction of $48,000.00. Following the transaction, the insider now owns 119,656 shares of the company’s stock, valued at approximately $1,914,496. The disclosure for this sale can be found here. Insiders have sold 18,000 shares of company stock valued at $286,670 in the last 90 days. 9.89% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Conestoga Capital Advisors LLC boosted its position in shares of Exa Corp by 4.2% in the third quarter. Conestoga Capital Advisors LLC now owns 1,371,202 shares of the company’s stock valued at $22,008,000 after buying an additional 55,759 shares during the last quarter. Wasatch Advisors Inc. raised its stake in Exa Corp by 3.8% in the third quarter. Wasatch Advisors Inc. now owns 406,023 shares of the company’s stock valued at $6,517,000 after buying an additional 14,758 shares during the period. Martingale Asset Management L P raised its stake in Exa Corp by 99.7% in the fourth quarter. Martingale Asset Management L P now owns 61,106 shares of the company’s stock valued at $939,000 after buying an additional 30,503 shares during the period. Globeflex Capital L P purchased a new stake in Exa Corp during the third quarter valued at about $894,000. Finally, Acadian Asset Management LLC raised its stake in Exa Corp by 867.8% in the third quarter. Acadian Asset Management LLC now owns 45,457 shares of the company’s stock valued at $730,000 after buying an additional 40,760 shares during the period. Institutional investors and hedge funds own 78.25% of the company’s stock.
Exa Corp 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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