The ExOne Co. (XONE) Stock Price Down 4.4% After Insider Selling
Shares of The ExOne Co. (NASDAQ:XONE) dropped 4.4% during mid-day trading on Friday following insider selling activity. The company traded as low as $14.77 and last traded at $14.88, with a volume of 105,335 shares trading hands. The stock had previously closed at $15.56.
Specifically, CEO James L. Mccarley bought 7,200 shares of the stock in a transaction on Wednesday, August 24th. The stock was bought at an average price of $14.27 per share, with a total value of $102,744.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Irvin sold 5,000 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $15.51, for a total transaction of $77,550.00. Following the transaction, the director now directly owns 154,300 shares of the company’s stock, valued at approximately $2,393,193. The disclosure for this sale can be found here. Company insiders own 36.40% of the company’s stock.
XONE has been the subject of several recent research reports. Zacks Investment Research raised shares of The ExOne from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Saturday, August 13th. Canaccord Genuity reissued a “hold” rating and issued a $12.00 price objective on shares of The ExOne in a research note on Wednesday, August 10th. FBR & Co reissued an “outperform” rating and issued a $18.00 price objective on shares of The ExOne in a research note on Monday, October 3rd. Finally, Brean Capital reissued a “hold” rating on shares of The ExOne in a research note on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $14.00.
The stock has a 50-day moving average price of $14.29 and a 200 day moving average price of $12.08. The stock’s market capitalization is $239.40 million.
The ExOne (NASDAQ:XONE) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.18) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.09. The ExOne had a negative net margin of 43.59% and a negative return on equity of 16.30%. The company earned $11.80 million during the quarter, compared to the consensus estimate of $11.12 million. During the same quarter in the prior year, the company posted ($0.48) EPS. The company’s quarterly revenue was up 38.8% compared to the same quarter last year. Analysts forecast that The ExOne Co. will post ($0.71) EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC bought a new position in The ExOne during the second quarter worth approximately $150,000. Parametric Portfolio Associates LLC increased its position in The ExOne by 4.4% in the second quarter. Parametric Portfolio Associates LLC now owns 12,078 shares of the company’s stock worth $128,000 after buying an additional 507 shares in the last quarter. State Street Corp increased its position in The ExOne by 1.7% in the second quarter. State Street Corp now owns 152,960 shares of the company’s stock worth $1,616,000 after buying an additional 2,566 shares in the last quarter. Rhumbline Advisers increased its position in The ExOne by 10.2% in the second quarter. Rhumbline Advisers now owns 17,849 shares of the company’s stock worth $189,000 after buying an additional 1,645 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in The ExOne by 75.7% in the second quarter. Janney Montgomery Scott LLC now owns 149,882 shares of the company’s stock worth $1,584,000 after buying an additional 64,575 shares in the last quarter. 16.00% of the stock is owned by institutional investors.
The ExOne Company Profile
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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