Vanguard Group Inc. cut its holdings in shares of The ExOne Company (NASDAQ:XONE) by 13.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 365,006 shares of the industrial products company’s stock after selling 58,647 shares during the quarter. Vanguard Group Inc. owned about 2.26% of The ExOne worth $4,179,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. KCG Holdings Inc. acquired a new position in The ExOne in the 1st quarter valued at about $181,000. SG Americas Securities LLC acquired a new position in The ExOne in the 2nd quarter valued at about $224,000. Finally, Banque Pictet & Cie SA acquired a new position in The ExOne in the 2nd quarter valued at about $229,000. Hedge funds and other institutional investors own 33.66% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity Group raised shares of The ExOne from a “hold” rating to a “buy” rating and boosted their price target for the company from $9.50 to $13.00 in a research note on Wednesday, November 15th. Canaccord Genuity raised shares of The ExOne from a “hold” rating to a “buy” rating and upped their target price for the stock from $9.50 to $13.00 in a research note on Monday, November 13th. Zacks Investment Research downgraded shares of The ExOne from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. B. Riley reaffirmed a “buy” rating on shares of The ExOne in a research note on Wednesday, November 1st. Finally, FBR & Co reaffirmed a “buy” rating and set a $15.00 target price (down from $18.00) on shares of The ExOne in a research note on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $13.67.
The ExOne (NASDAQ:XONE) last issued its earnings results on Thursday, November 9th. The industrial products company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.13). The ExOne had a negative net margin of 39.52% and a negative return on equity of 25.42%. The company had revenue of $15.89 million during the quarter, compared to analyst estimates of $16.05 million. During the same quarter in the previous year, the company posted ($0.23) EPS. The company’s quarterly revenue was up 22.3% on a year-over-year basis. equities analysts expect that The ExOne Company will post -1.12 EPS for the current fiscal year.
In related news, Director John Irvin sold 3,606 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $11.54, for a total transaction of $41,613.24. Following the completion of the sale, the director now owns 154,300 shares in the company, valued at approximately $1,780,622. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 23,039 shares of company stock valued at $269,349. 31.60% of the stock is owned by company insiders.
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The ExOne Company Profile
The ExOne Company is a provider of three dimensional (3D) printing machines and 3D printed and other products, materials and services to industrial customers. The Company’s business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its installed base of 3D printing machines.
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