Exa Corp. (NASDAQ:EXA) has received a consensus broker rating score of 1.25 (Strong Buy) from the four analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and three have issued a strong buy rating on the company. Exa Corp.’s rating score has declined by 25% from three months ago as a result of a number of analysts’ ratings changes.
Brokers have set a 1-year consensus price target of $17.25 for the company and are anticipating that the company will post ($0.04) EPS for the current quarter, according to Zacks. Zacks has also assigned Exa Corp. an industry rank of 162 out of 265 based on the ratings given to its competitors.
EXA has been the subject of several recent research reports. Zacks Investment Research lowered Exa Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 26th. Needham & Company LLC lifted their price objective on Exa Corp. from $15.00 to $16.50 and gave the stock a “buy” rating in a report on Tuesday, August 30th. Finally, Canaccord Genuity lifted their price objective on Exa Corp. from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Tuesday, August 30th.
Exa Corp. (NASDAQ:EXA) opened at 14.77 on Friday. The firm’s 50-day moving average price is $15.71 and its 200 day moving average price is $14.01. Exa Corp. has a 52 week low of $9.05 and a 52 week high of $16.74. The firm’s market cap is $218.89 million.
Exa Corp. (NASDAQ:EXA) last announced its earnings results on Monday, August 29th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.04. Exa Corp. had a negative return on equity of 19.36% and a negative net margin of 4.84%. The firm earned $17.10 million during the quarter. During the same period in the prior year, the business earned ($0.06) earnings per share. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. Equities analysts forecast that Exa Corp. will post ($0.07) earnings per share for the current fiscal year.
In other news, Director John J. Shields sold 4,699 shares of Exa Corp. stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $13.96, for a total transaction of $65,598.04. Following the completion of the sale, the director now owns 65,078 shares in the company, valued at approximately $908,488.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John J. Shields sold 2,000 shares of Exa Corp. stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $14.37, for a total value of $28,740.00. Following the sale, the director now owns 64,078 shares of the company’s stock, valued at approximately $920,800.86. The disclosure for this sale can be found here. 9.89% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. UBS Group AG increased its stake in shares of Exa Corp. by 112.4% in the first quarter. UBS Group AG now owns 83,718 shares of the company’s stock worth $1,084,000 after buying an additional 44,312 shares during the period. Renaissance Technologies LLC increased its stake in shares of Exa Corp. by 9.8% in the first quarter. Renaissance Technologies LLC now owns 157,500 shares of the company’s stock worth $2,040,000 after buying an additional 14,000 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Exa Corp. during the second quarter worth about $636,000. BlackRock Fund Advisors increased its stake in shares of Exa Corp. by 1,102.2% in the second quarter. BlackRock Fund Advisors now owns 359,403 shares of the company’s stock worth $5,193,000 after buying an additional 329,508 shares during the period. Finally, BlackRock Investment Management LLC increased its stake in shares of Exa Corp. by 2,287.0% in the second quarter. BlackRock Investment Management LLC now owns 51,845 shares of the company’s stock worth $749,000 after buying an additional 49,673 shares during the period. Hedge funds and other institutional investors own 75.59% of the company’s stock.
About Exa Corp.
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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