The ExOne Co. (NASDAQ:XONE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage currently has a $17.00 target price on the stock. Zacks Investment Research’s price objective would suggest a potential upside of 14.09% from the company’s current price.
According to Zacks, “The ExOne Company provides three-dimensional printing machines and printed products to industrial customers. The Company also supplies the associated products, including consumables and replacement parts, and services including training and technical support. It manufactures and sells 3D printing machines and printing products to specification for its customers using its in-house 3D printing machines. The ExOne Company is based in Irwin, Pennsylvania. “
Several other analysts have also issued reports on the stock. FBR & Co restated an “outperform” rating and issued a $18.00 price objective on shares of The ExOne in a report on Monday, October 3rd. Brean Capital restated a “hold” rating on shares of The ExOne in a report on Thursday, August 11th. Finally, Canaccord Genuity restated a “hold” rating and issued a $12.00 price objective on shares of The ExOne in a report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $14.00.
Shares of The ExOne (NASDAQ:XONE) opened at 14.90 on Thursday. The stock’s market capitalization is $239.40 million. The firm’s 50 day moving average is $14.29 and its 200 day moving average is $12.08. The ExOne has a 52-week low of $6.50 and a 52-week high of $16.15.
The ExOne (NASDAQ:XONE) last issued its quarterly earnings data on Tuesday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.09. The firm 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 was up 38.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.48) EPS. Equities analysts expect that The ExOne will post ($0.71) earnings per share for the current year.
In other news, CEO James L. Mccarley bought 7,200 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was bought at an average cost of $14.27 per share, with a total value of $102,744.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Irvin sold 5,000 shares of The ExOne stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $15.51, for a total value of $77,550.00. Following the completion of the transaction, the director now directly owns 154,300 shares of the company’s stock, valued at $2,393,193. The disclosure for this sale can be found here. 36.40% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in XONE. A.R.T. Advisors LLC purchased a new position in The ExOne during the second quarter valued at $150,000. Parametric Portfolio Associates LLC increased its position in shares of The ExOne by 4.4% in the second quarter. Parametric Portfolio Associates LLC now owns 12,078 shares of the company’s stock worth $128,000 after buying an additional 507 shares in the last quarter. State Street Corp increased its position in shares of The ExOne by 1.7% in the second quarter. State Street Corp now owns 152,960 shares of the company’s stock worth $1,616,000 after buying an additional 2,566 shares in the last quarter. Rhumbline Advisers increased its position in shares of The ExOne by 10.2% in the second quarter. Rhumbline Advisers now owns 17,849 shares of the company’s stock worth $189,000 after buying an additional 1,645 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of The ExOne by 75.7% in the second quarter. Janney Montgomery Scott LLC now owns 149,882 shares of the company’s stock worth $1,584,000 after buying an additional 64,575 shares in the last quarter. 16.00% of the stock is owned by 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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