ExOne Co (NASDAQ:XONE)‘s stock had its “hold” rating restated by stock analysts at Canaccord Genuity in a report released on Monday. They presently have a $11.00 price target on the stock. Canaccord Genuity’s target price would indicate a potential upside of 8.91% from the company’s previous close.
Separately, FBR & Co reiterated an “outperform” rating and issued a $18.00 price objective on shares of ExOne in a research note on Friday. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.75.
Shares of ExOne (NASDAQ:XONE) traded down 3.54% during trading on Monday, hitting $10.08. 214,854 shares of the stock were exchanged. ExOne has a 52 week low of $9.03 and a 52 week high of $16.15. The firm’s market capitalization is $162.40 million. The firm has a 50 day moving average price of $10.05 and a 200 day moving average price of $11.37.
ExOne (NASDAQ:XONE) last posted its earnings results on Thursday, March 16th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.12. The company had revenue of $14.60 million for the quarter, compared to analyst estimates of $18.10 million. ExOne had a negative return on equity of 14.04% and a negative net margin of 26.84%. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.08) EPS. Analysts forecast that ExOne will post ($0.41) EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in the stock. ARK Investment Management LLC purchased a new position in ExOne during the fourth quarter valued at approximately $4,014,000. Bank of New York Mellon Corp raised its position in ExOne by 12.7% in the third quarter. Bank of New York Mellon Corp now owns 364,428 shares of the company’s stock valued at $5,546,000 after buying an additional 40,966 shares in the last quarter. State Street Corp raised its position in ExOne by 1.6% in the fourth quarter. State Street Corp now owns 156,293 shares of the company’s stock valued at $1,460,000 after buying an additional 2,390 shares in the last quarter. Vident Investment Advisory LLC raised its position in ExOne by 199.2% in the fourth quarter. Vident Investment Advisory LLC now owns 108,718 shares of the company’s stock valued at $1,015,000 after buying an additional 72,383 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in ExOne by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 67,002 shares of the company’s stock valued at $626,000 after buying an additional 1,499 shares in the last quarter. 17.71% of the stock is currently owned by hedge funds and other institutional investors.
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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