Favorable Media Coverage Extremely Likely to Impact Exa Corp (EXA) Stock Price

News headlines about Exa Corp (NASDAQ:EXA) have been trending positive on Friday, AlphaOne reports. AlphaOne, a service of Accern, identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Exa Corp earned a coverage optimism score of 0.35 on AlphaOne’s scale. AlphaOne also gave headlines about the technology company an impact score of 98 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the near term.

Here are some of the news headlines that may have impacted AlphaOne’s analysis:

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Exa Corp from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, May 31st. ValuEngine upgraded Exa Corp from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Robert W. Baird restated an “outperform” rating and set a $18.00 target price (up previously from $17.00) on shares of Exa Corp in a research note on Tuesday, February 28th. Needham & Company LLC restated a “buy” rating and set a $16.00 target price (down previously from $18.00) on shares of Exa Corp in a research note on Friday, March 17th. Finally, Stifel Nicolaus decreased their target price on Exa Corp from $18.50 to $17.00 and set a “buy” rating for the company in a research note on Friday, March 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Exa Corp currently has a consensus rating of “Buy” and an average target price of $16.20.

Exa Corp (NASDAQ EXA) traded down 0.07% on Friday, reaching $13.99. The company’s stock had a trading volume of 1,268 shares. The firm’s 50 day moving average price is $13.37 and its 200-day moving average price is $14.57. The company’s market capitalization is $208.63 million. Exa Corp has a 52 week low of $12.10 and a 52 week high of $16.89.

Exa Corp (NASDAQ:EXA) last released its earnings results on Wednesday, May 24th. The technology company reported ($0.14) EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $16.56 million. During the same quarter last year, the business posted ($0.04) EPS. Exa Corp’s quarterly revenue was down 1.4% compared to the same quarter last year. On average, equities analysts predict that Exa Corp will post ($0.15) EPS for the current year.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:EXA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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