Exa Corp. (NASDAQ:EXA) has earned a consensus broker rating score of 1.25 (Strong Buy) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company.

Analysts have set a 1-year consensus price objective of $17.25 for the company and are predicting that the company will post ($0.04) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Exa Corp. an industry rank of 104 out of 265 based on the ratings given to related companies.

A number of equities research analysts have recently issued reports on EXA shares. Zacks Investment Research cut shares of Exa Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Needham & Company LLC increased their price target on shares of Exa Corp. from $15.00 to $16.50 and gave the company a “buy” rating in a report on Tuesday, August 30th. Finally, Canaccord Genuity increased their price target on shares of Exa Corp. from $15.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, August 30th.

Shares of Exa Corp. (NASDAQ:EXA) traded down 1.60% during mid-day trading on Wednesday, hitting $14.73. The company had a trading volume of 12,711 shares. The firm’s 50-day moving average price is $14.47 and its 200 day moving average price is $14.37. Exa Corp. has a one year low of $9.81 and a one year high of $16.74. The company’s market capitalization is $218.30 million.

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In related news, major shareholder Fidelity Non-Profit Management sold 1,200,000 shares of the stock in a transaction that occurred on Thursday, October 6th. The shares were sold at an average price of $14.72, for a total transaction of $17,664,000.00. Following the sale, the insider now owns 905,640 shares in the company, valued at approximately $13,331,020.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wayne D. Mackie purchased 10,565 shares of Exa Corp. stock in a transaction that occurred on Friday, October 7th. The shares were purchased at an average price of $14.91 per share, for a total transaction of $157,524.15. Following the transaction, the director now directly owns 69,723 shares in the company, valued at approximately $1,039,569.93. The disclosure for this purchase can be found here. Company insiders own 9.89% of the company’s stock.

Several hedge funds have recently bought and sold shares of EXA. Conestoga Capital Advisors LLC raised 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 worth $22,008,000 after buying an additional 55,759 shares in the last quarter. Vista Equity Partners Management LLC increased its position in shares of Exa Corp. by 15.3% in the second quarter. Vista Equity Partners Management LLC now owns 470,302 shares of the company’s stock worth $6,796,000 after buying an additional 62,385 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Exa Corp. by 40.0% in the second quarter. Vanguard Group Inc. now owns 442,599 shares of the company’s stock worth $6,396,000 after buying an additional 126,444 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Exa Corp. by 9.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 425,798 shares of the company’s stock worth $6,153,000 after buying an additional 38,405 shares in the last quarter. Finally, Wasatch Advisors Inc. increased its position 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 worth $6,517,000 after buying an additional 14,758 shares in the last quarter. Institutional investors and hedge funds own 76.09% of the company’s stock.

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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