Shares of Cray Inc. (NASDAQ:CRAY) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $32.00.

CRAY has been the subject of a number of recent research reports. Zacks Investment Research downgraded Cray from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. ValuEngine upgraded Cray from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Finally, BidaskClub downgraded Cray from a “hold” rating to a “sell” rating in a research note on Saturday, August 4th.

Several hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of Cray by 19.2% during the 1st quarter. Russell Investments Group Ltd. now owns 14,269 shares of the technology company’s stock valued at $295,000 after buying an additional 2,300 shares in the last quarter. Granite Investment Partners LLC lifted its position in shares of Cray by 0.5% during the 2nd quarter. Granite Investment Partners LLC now owns 681,210 shares of the technology company’s stock valued at $16,758,000 after buying an additional 3,238 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of Cray by 2.1% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 196,496 shares of the technology company’s stock valued at $4,834,000 after buying an additional 4,085 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Cray by 5.7% during the 2nd quarter. Legal & General Group Plc now owns 86,444 shares of the technology company’s stock valued at $2,133,000 after buying an additional 4,687 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in shares of Cray during the 3rd quarter valued at about $114,000. 97.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cray stock traded down $0.48 during trading hours on Friday, reaching $19.81. 113,535 shares of the stock traded hands, compared to its average volume of 247,844. Cray has a one year low of $17.90 and a one year high of $28.60.

Cray (NASDAQ:CRAY) last released its quarterly earnings results on Tuesday, July 31st. The technology company reported ($0.20) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.13. The business had revenue of $120.20 million during the quarter, compared to the consensus estimate of $108.68 million. Cray had a negative return on equity of 8.18% and a negative net margin of 32.22%. The business’s quarterly revenue was up 38.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.20) EPS. On average, sell-side analysts expect that Cray will post -1.02 earnings per share for the current fiscal year.

Cray Company Profile

Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing systems, and data analytics and artificial intelligence solutions. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.

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