Analysts Set Exa Corporation (EXA) PT at $24.25

Exa Corporation (NASDAQ:EXA) has received an average rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $24.25.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Exa Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BidaskClub lowered shares of Exa Corporation from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Needham & Company LLC lowered shares of Exa Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 29th. Robert W. Baird lowered shares of Exa Corporation from an “outperform” rating to a “neutral” rating in a research note on Thursday, September 28th. Finally, Stifel Nicolaus lowered shares of Exa Corporation from a “buy” rating to a “hold” rating and upped their target price for the stock from $17.00 to $24.25 in a research note on Thursday, September 28th.

In related news, major shareholder Soros Fund Management Llc purchased 14,119 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were bought at an average cost of $16.58 per share, with a total value of $234,093.02. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders bought 243,310 shares of company stock valued at $3,628,183. Company insiders own 11.53% of the company’s stock.

Several large investors have recently modified their holdings of EXA. American International Group Inc. boosted its holdings in shares of Exa Corporation by 7.0% in the 1st quarter. American International Group Inc. now owns 8,530 shares of the technology company’s stock worth $108,000 after buying an additional 556 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Exa Corporation by 27.0% in the 1st quarter. Russell Investments Group Ltd. now owns 10,330 shares of the technology company’s stock worth $131,000 after buying an additional 2,198 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Exa Corporation by 399.6% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 10,576 shares of the technology company’s stock worth $134,000 after buying an additional 8,459 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Exa Corporation by 4.6% in the 2nd quarter. Rhumbline Advisers now owns 13,871 shares of the technology company’s stock worth $191,000 after buying an additional 605 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in shares of Exa Corporation in the 3rd quarter worth about $394,000. 76.53% of the stock is currently owned by institutional investors.

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Shares of Exa Corporation (NASDAQ:EXA) traded up $0.01 during mid-day trading on Thursday, reaching $24.24. 112,698 shares of the company’s stock were exchanged, compared to its average volume of 279,237. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.06 and a quick ratio of 1.06. Exa Corporation has a fifty-two week low of $12.34 and a fifty-two week high of $24.42.

Exa Corporation (NASDAQ:EXA) last announced its quarterly earnings results on Monday, August 28th. The technology company reported ($0.12) EPS for the quarter, meeting 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 net margin of 6.46% and a negative return on equity of 25.19%. Exa Corporation’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS. analysts forecast that Exa Corporation will post -0.34 EPS for the current year.

Exa Corporation 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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