B. Riley Estimates Crexendo’s FY2025 Earnings (NASDAQ:CXDO)

Crexendo Inc. (NASDAQ:CXDO) – Research analysts at B. Riley raised their FY2025 earnings per share estimates for shares of Crexendo in a research note issued to investors on Wednesday, November 5th. B. Riley analyst J. Nichols now anticipates that the company will post earnings per share of $0.26 for the year, up from their previous estimate of $0.25. B. Riley has a “Buy” rating and a $8.00 price target on the stock. The consensus estimate for Crexendo’s current full-year earnings is $0.14 per share.

A number of other research firms also recently weighed in on CXDO. Weiss Ratings reiterated a “hold (c)” rating on shares of Crexendo in a research report on Tuesday, October 14th. Needham & Company LLC raised their target price on shares of Crexendo from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen upgraded Crexendo from a “buy” rating to a “strong-buy” rating in a report on Saturday. Northland Securities set a $10.00 price objective on shares of Crexendo in a research note on Wednesday, November 5th. Finally, D. Boral Capital increased their target price on shares of Crexendo from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $9.08.

Crexendo Stock Up 3.9%

NASDAQ CXDO opened at $7.48 on Monday. The company has a market capitalization of $229.87 million, a P/E ratio of 74.81 and a beta of 0.88. The firm has a 50-day moving average price of $6.50 and a two-hundred day moving average price of $6.02. Crexendo has a 12-month low of $3.75 and a 12-month high of $7.65.

Crexendo (NASDAQ:CXDO) last posted its quarterly earnings data on Tuesday, June 7th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $4.51 million for the quarter. Crexendo had a return on equity of 11.33% and a net margin of 4.75%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Police & Firemen s Retirement System of New Jersey bought a new position in Crexendo in the 2nd quarter worth about $29,000. Huntington National Bank purchased a new position in shares of Crexendo in the 2nd quarter worth about $30,000. Bank of America Corp DE grew its position in Crexendo by 71.7% during the fourth quarter. Bank of America Corp DE now owns 6,174 shares of the company’s stock valued at $32,000 after acquiring an additional 2,578 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Crexendo during the 2nd quarter valued at $41,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Crexendo during the second quarter valued at about $48,000. 9.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Crexendo news, COO Douglas Walter Gaylor sold 10,000 shares of the business’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $6.76, for a total value of $67,600.00. Following the transaction, the chief operating officer owned 238,531 shares of the company’s stock, valued at approximately $1,612,469.56. The trade was a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ron Vincent sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $7.05, for a total transaction of $105,750.00. Following the completion of the transaction, the chief financial officer directly owned 175,809 shares in the company, valued at $1,239,453.45. This trade represents a 7.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 35,000 shares of company stock worth $244,750. 47.20% of the stock is owned by company insiders.

Crexendo Company Profile

Crexendo, Inc provides cloud communication platform and services, video collaboration, and managed IT services for businesses in the United States and internationally. It operates through two segments, Cloud Telecommunications Services and Software Solutions. The Cloud Telecommunications segment provides telecommunications services that transmit calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud; and broadband Internet services, as well as develops end user portals for account and license management, and billing and customer support.