The ExOne Co. (XONE) Upgraded to Buy at Zacks Investment Research
The ExOne Co. (NASDAQ:XONE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a $17.00 price objective on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 7.32% from the stock’s previous close.
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. “
Other equities research analysts have also recently issued research reports about the stock. Brean Capital reissued a “hold” rating on shares of The ExOne in a research report on Thursday, August 11th. 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. Finally, FBR & Co restated an “outperform” rating and issued a $18.00 price objective on shares of The ExOne in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $14.00.
Shares of The ExOne (NASDAQ:XONE) traded down 1.20% during midday trading on Thursday, hitting $15.65. 53,748 shares of the stock were exchanged. The firm’s 50 day moving average is $14.21 and its 200-day moving average is $12.04. The ExOne has a 1-year low of $6.50 and a 1-year high of $16.15. The stock’s market capitalization is $251.45 million.
The ExOne (NASDAQ:XONE) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.09. The business earned $11.80 million during the quarter, compared to analysts’ expectations of $11.12 million. The ExOne had a negative net margin of 43.59% and a negative return on equity of 16.30%. The firm’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.48) EPS. On average, analysts predict that The ExOne will post ($0.72) EPS for the current year.
In related news, Director John Irvin sold 5,000 shares of the 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 in the company, valued at approximately $2,393,193. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James L. Mccarley purchased 7,200 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The stock was acquired at an average price of $14.27 per share, with a total value of $102,744.00. The disclosure for this purchase can be found here. 36.40% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Marathon Capital Management acquired a new position in shares of The ExOne during the second quarter valued at about $106,000. Sanders Morris Harris Inc. purchased a new stake in shares of The ExOne during the second quarter valued at approximately $124,000. Parametric Portfolio Associates LLC increased its stake 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 valued at $128,000 after buying an additional 507 shares during the period. A.R.T. Advisors LLC purchased a new stake in shares of The ExOne during the second quarter valued at approximately $150,000. Finally, Commerzbank Aktiengesellschaft FI increased its stake in shares of The ExOne by 4.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 16,886 shares of the company’s stock valued at $178,000 after buying an additional 698 shares during the period. Institutional investors own 16.00% of the company’s stock.
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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