Xactly Corporation (NASDAQ:XTLY) has received a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm. Eight investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $17.57.
Several analysts recently issued reports on XTLY shares. Zacks Investment Research upgraded Xactly Corporation from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Thursday, September 15th. Deutsche Bank AG boosted their price target on Xactly Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, September 26th. Dougherty & Co reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Xactly Corporation in a report on Tuesday, September 6th. National Securities initiated coverage on Xactly Corporation in a report on Tuesday, August 2nd. They issued a “buy” rating and a $17.00 price objective for the company. Finally, Lake Street Capital lifted their price objective on Xactly Corporation from $13.00 to $16.00 and gave the company a “buy” rating in a report on Friday, September 9th.
In other news, CEO Christopher Cabrera sold 30,000 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $15.00, for a total transaction of $450,000.00. Following the completion of the transaction, the chief executive officer now owns 126,500 shares of the company’s stock, valued at approximately $1,897,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Joseph C. Consul sold 25,000 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $15.00, for a total value of $375,000.00. Following the transaction, the chief financial officer now directly owns 43,000 shares of the company’s stock, valued at approximately $645,000. The disclosure for this sale can be found here.
Several institutional investors have recently bought and sold shares of XTLY. Edge Wealth Management LLC boosted its position in Xactly Corporation by 36.5% in the second quarter. Edge Wealth Management LLC now owns 19,650 shares of the company’s stock worth $248,000 after buying an additional 5,250 shares during the period. Strs Ohio boosted its position in Xactly Corporation by 1,920.0% in the second quarter. Strs Ohio now owns 50,500 shares of the company’s stock worth $646,000 after buying an additional 48,000 shares during the period. Essex Investment Management Co. LLC acquired a new position in Xactly Corporation during the second quarter worth approximately $1,112,000. Emerald Mutual Fund Advisers Trust acquired a new position in Xactly Corporation during the second quarter worth approximately $2,889,000. Finally, Emerald Advisers Inc. PA acquired a new position in Xactly Corporation during the second quarter worth approximately $3,039,000.
Shares of Xactly Corporation (NASDAQ:XTLY) traded up 1.176% during mid-day trading on Monday, reaching $15.055. The company’s stock had a trading volume of 101,876 shares. Xactly Corporation has a 52-week low of $4.68 and a 52-week high of $16.10. The firm has a 50 day moving average price of $14.15 and a 200 day moving average price of $11.25. The firm’s market cap is $462.94 million.
Xactly Corporation (NASDAQ:XTLY) last released its quarterly earnings results on Thursday, September 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The firm earned $24 million during the quarter, compared to the consensus estimate of $23.37 million. The business’s revenue was up 31.1% on a year-over-year basis. On average, equities analysts predict that Xactly Corporation will post ($0.43) EPS for the current fiscal year.
About Xactly Corporation
Xactly Corporation is a provider of cloud-based incentive compensation solutions for employee and sales performance management. The Company delivers its solutions through a software-as-a-service (SaaS) business model. The Company has a customer base, including companies in various industries, such as business and financial services, communications, life sciences, media and Internet, SaaS and traditional software, and retail.
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