Exa Corporation (EXA) Rating Increased to Hold at ValuEngine
Exa Corporation (NASDAQ:EXA) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
Other analysts have also issued research reports about the company. Zacks Investment Research raised Exa Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, May 31st. TheStreet raised Exa Corporation from a “d” rating to a “c-” rating in a report on Tuesday, June 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Exa Corporation has an average rating of “Buy” and an average target price of $16.20.
Exa Corporation (EXA) opened at 15.13 on Tuesday. Exa Corporation has a 12 month low of $12.34 and a 12 month high of $16.89. The stock’s market cap is $227.19 million. The stock’s 50 day moving average price is $13.94 and its 200-day moving average price is $13.77.
Exa Corporation (NASDAQ:EXA) last posted its earnings results on Monday, August 28th. The technology company reported ($0.12) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.12). The business had revenue of $17.50 million during the quarter, compared to analyst estimates of $17.58 million. Exa Corporation had a negative return on equity of 25.19% and a negative net margin of 6.46%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.05) EPS. Analysts anticipate that Exa Corporation will post ($0.12) EPS for the current fiscal year.
In other news, major shareholder Soros Fund Management Llc purchased 159,500 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were purchased at an average cost of $14.46 per share, for a total transaction of $2,306,370.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.53% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in EXA. FIL Ltd purchased a new position in Exa Corporation during the first quarter valued at $3,071,000. Ranger Investment Management L.P. lifted its position in Exa Corporation by 289.3% during the first quarter. Ranger Investment Management L.P. now owns 58,850 shares of the technology company’s stock valued at $747,000 after purchasing an additional 43,733 shares in the last quarter. Soros Fund Management LLC lifted its position in Exa Corporation by 3.0% during the first quarter. Soros Fund Management LLC now owns 1,418,369 shares of the technology company’s stock valued at $18,013,000 after purchasing an additional 41,703 shares in the last quarter. Vanguard Group Inc. lifted its position in Exa Corporation by 2.1% during the first quarter. Vanguard Group Inc. now owns 588,431 shares of the technology company’s stock valued at $7,473,000 after purchasing an additional 12,135 shares in the last quarter. Finally, Oxford Asset Management purchased a new position in Exa Corporation during the first quarter valued at $140,000. Hedge funds and other institutional investors own 76.03% of the company’s stock.
About Exa Corporation
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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