Needham & Company LLC reissued their buy rating on shares of Exa Corp (NASDAQ:EXA) in a research report released on Friday. Needham & Company LLC currently has a $16.00 target price on the stock, down from their prior target price of $18.00.
Several other analysts have also weighed in on the company. Zacks Investment Research upgraded Exa Corp from a hold rating to a strong-buy rating and set a $17.00 price objective for the company in a report on Tuesday, December 6th. Robert W. Baird restated an outperform rating and issued a $18.00 price objective (up previously from $17.00) on shares of Exa Corp in a report on Tuesday, February 28th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $16.60.
Exa Corp (NASDAQ:EXA) traded down 2.10% during trading on Friday, reaching $13.51. 71,942 shares of the company were exchanged. Exa Corp has a 52-week low of $11.12 and a 52-week high of $16.89. The firm’s 50 day moving average is $15.71 and its 200 day moving average is $15.34. The stock’s market capitalization is $200.64 million.
Exa Corp (NASDAQ:EXA) last announced its quarterly earnings data on Thursday, March 16th. The company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.00 by $0.05. The business earned $19.53 million during the quarter, compared to analyst estimates of $20.25 million. Exa Corp had a negative return on equity of 15.46% and a negative net margin of 3.87%. The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.06) earnings per share. Analysts expect that Exa Corp will post ($0.01) EPS for the current year.
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In other news, insider Hudong Chen sold 3,000 shares of the company’s stock in a transaction on Tuesday, December 20th. The stock was sold at an average price of $16.00, for a total transaction of $48,000.00. Following the completion of the sale, the insider now directly owns 119,656 shares of the company’s stock, valued at $1,914,496. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP James E. Hoch sold 12,000 shares of the company’s stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $16.00, for a total value of $192,000.00. Following the sale, the vice president now directly owns 153,694 shares of the company’s stock, valued at $2,459,104. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,000 shares of company stock valued at $286,670. 9.89% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Conestoga Capital Advisors LLC increased its stake in shares of Exa Corp by 4.2% in the third quarter. Conestoga Capital Advisors LLC now owns 1,371,202 shares of the company’s stock valued at $22,008,000 after buying an additional 55,759 shares in the last quarter. Wasatch Advisors Inc. increased its stake in shares of Exa Corp by 3.8% in the third quarter. Wasatch Advisors Inc. now owns 406,023 shares of the company’s stock valued at $6,517,000 after buying an additional 14,758 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of Exa Corp by 99.7% in the fourth quarter. Martingale Asset Management L P now owns 61,106 shares of the company’s stock valued at $939,000 after buying an additional 30,503 shares in the last quarter. Globeflex Capital L P acquired a new stake in shares of Exa Corp during the third quarter valued at about $894,000. Finally, Acadian Asset Management LLC increased its stake in shares of Exa Corp by 867.8% in the third quarter. Acadian Asset Management LLC now owns 45,457 shares of the company’s stock valued at $730,000 after buying an additional 40,760 shares in the last quarter. 78.25% of the stock is owned by institutional investors and hedge funds.
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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