Zacks Investment Research upgraded shares of Exa Corp (NASDAQ:EXA) from a hold rating to a buy rating in a research note released on Wednesday. Zacks Investment Research currently has $15.00 price target on the technology company’s stock.
According to Zacks, “Exa Corporation develops, markets, sells, and supports software products, and provides professional services for simulation-driven design. The Company offers PowerFLOW(R) simulation engine, automatic fluid grid generation engine, mesh preparation, advanced simulation analysis, and rapid design geometry modification products. The company’s software suite includes PowerDELTA, PowerCASE, PowerCLAY, PowerTHERM, PowerCOOL, PowerINSIGHT, PowerVIZ and PowerACOUSTICS. Its products are used in various applications, including aerodynamics, thermal management, aeroacoustics, climate control, and powertrain. . Exa Corporation is headquartered in Burlington, Massachusetts. “
Other analysts also recently issued reports about the stock. Robert W. Baird reissued an outperform rating and set a $18.00 target price (up from $17.00) on shares of Exa Corp in a research note on Tuesday, February 28th. Needham & Company LLC reissued a buy rating and set a $16.00 target price (down from $18.00) on shares of Exa Corp in a research note on Friday, March 17th. Canaccord Genuity downgraded shares of Exa Corp from a buy rating to a hold rating and set a $15.00 target price on the stock. in a research note on Friday, March 17th. Finally, Stifel Nicolaus cut their target price on shares of Exa Corp from $18.50 to $17.00 and set a buy rating on the stock in a research note on Friday, March 17th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $16.20.
Exa Corp (NASDAQ EXA) opened at 14.02 on Wednesday. Exa Corp has a 52-week low of $11.49 and a 52-week high of $16.89. The stock’s market cap is $209.08 million. The firm’s 50-day moving average price is $13.28 and its 200 day moving average price is $14.58.
Exa Corp (NASDAQ:EXA) last announced its quarterly earnings data on Wednesday, May 24th. The technology company reported ($0.14) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. Exa Corp had a negative return on equity of 55.97% and a negative net margin of 15.40%. The company had revenue of $16.56 million during the quarter, compared to the consensus estimate of $16.56 million. During the same quarter in the prior year, the firm earned ($0.04) EPS. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Equities analysts predict that Exa Corp will post ($0.15) earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the stock. Redmond Asset Management LLC increased its stake in shares of Exa Corp by 0.5% in the fourth quarter. Redmond Asset Management LLC now owns 18,729 shares of the technology company’s stock valued at $288,000 after buying an additional 102 shares during the period. American International Group Inc. increased its stake in shares of Exa Corp by 7.0% in the first quarter. American International Group Inc. now owns 8,530 shares of the technology company’s stock valued at $108,000 after buying an additional 556 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Exa Corp by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 43,454 shares of the technology company’s stock valued at $552,000 after buying an additional 1,148 shares during the period. Renaissance Technologies LLC increased its stake in shares of Exa Corp by 0.6% in the first quarter. Renaissance Technologies LLC now owns 241,800 shares of the technology company’s stock valued at $3,071,000 after buying an additional 1,500 shares during the period. Finally, Menta Capital LLC increased its stake in shares of Exa Corp by 4.2% in the first quarter. Menta Capital LLC now owns 42,465 shares of the technology company’s stock valued at $539,000 after buying an additional 1,730 shares during the period. 78.25% of the stock is currently owned by institutional investors.
Exa Corp Company Profile
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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