A number of other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of The ExOne from a hold rating to a buy rating and set a $15.00 price target on the stock in a report on Saturday, August 13th. Canaccord Genuity reiterated a hold rating and issued a $12.00 price target on shares of The ExOne in a report on Wednesday, August 10th. Pacific Crest reiterated a sector perform rating on shares of The ExOne in a report on Sunday, June 5th. Finally, Brean Capital reiterated a hold rating on shares of The ExOne in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The ExOne currently has a consensus rating of Hold and a consensus target price of $14.00.
The ExOne (NASDAQ:XONE) opened at 15.56 on Monday. The company has a 50-day moving average price of $14.26 and a 200 day moving average price of $12.06. The ExOne has a 12-month low of $6.50 and a 12-month high of $16.15. The stock’s market cap is $250.00 million.
The ExOne (NASDAQ:XONE) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.18) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.09. The company had revenue of $11.80 million for the quarter, compared to analyst estimates of $11.12 million. The ExOne had a negative net margin of 43.59% and a negative return on equity of 16.30%. The ExOne’s revenue for the quarter was up 38.8% on a year-over-year basis. During the same quarter last year, the business earned ($0.48) EPS. On average, equities research analysts predict that The ExOne will post ($0.71) EPS for the current year.
In related news, Director John Irvin sold 5,000 shares of The ExOne stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $15.51, for a total transaction of $77,550.00. Following the sale, the director now owns 154,300 shares of the company’s stock, valued at approximately $2,393,193. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James L. Mccarley purchased 7,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were purchased at an average cost of $14.27 per share, for a total transaction of $102,744.00. The disclosure for this purchase can be found here. Corporate insiders own 36.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its stake in The ExOne by 82.5% in the second quarter. Janney Montgomery Scott LLC now owns 155,648 shares of the company’s stock valued at $1,602,000 after buying an additional 70,341 shares during the period. Dimensional Fund Advisors LP increased its stake in The ExOne by 72.4% in the second quarter. Dimensional Fund Advisors LP now owns 60,503 shares of the company’s stock valued at $640,000 after buying an additional 25,414 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in The ExOne during the second quarter valued at about $244,000. BlackRock Fund Advisors increased its stake in The ExOne by 8.5% in the second quarter. BlackRock Fund Advisors now owns 286,241 shares of the company’s stock valued at $3,026,000 after buying an additional 22,452 shares during the period. Finally, Vanguard Group Inc. increased its stake in The ExOne by 6.6% in the second quarter. Vanguard Group Inc. now owns 317,170 shares of the company’s stock valued at $3,352,000 after buying an additional 19,717 shares during the period. 16.00% of the stock is currently owned by hedge funds and other institutional investors.
About The ExOne
The ExOne Company is a provider of three dimensional (3D) printing machines and 3D printed and other products, materials and services to industrial customers. The Company’s business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its installed base of 3D printing machines.
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