ExOne Co (XONE) Given Average Rating of “Buy” by Analysts

ExOne Co (NASDAQ:XONE) has earned an average rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $13.67.

A number of research firms recently issued reports on XONE. B. Riley reissued a “buy” rating on shares of ExOne in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of ExOne from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Canaccord Genuity Group raised shares of ExOne from a “hold” rating to a “buy” rating and raised their price objective for the stock from $9.50 to $13.00 in a report on Wednesday, November 15th. Finally, Canaccord Genuity raised shares of ExOne from a “hold” rating to a “buy” rating and raised their price objective for the stock from $9.50 to $13.00 in a report on Monday, November 13th.

Shares of ExOne (NASDAQ:XONE) opened at $9.07 on Thursday. The firm has a market cap of $144.62, a PE ratio of -7.03 and a beta of 3.41. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.62 and a current ratio of 2.60. ExOne has a 12 month low of $6.72 and a 12 month high of $14.43.

ExOne (NASDAQ:XONE) last announced its quarterly earnings results on Thursday, November 9th. The industrial products company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.13). The company had revenue of $15.89 million for the quarter, compared to analysts’ expectations of $16.05 million. ExOne had a negative net margin of 39.52% and a negative return on equity of 25.42%. The business’s revenue was up 22.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.23) EPS. equities research analysts predict that ExOne will post -1.12 earnings per share for the current year.

In other news, Director John Irvin sold 11,508 shares of ExOne stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $11.66, for a total transaction of $134,183.28. Following the sale, the director now owns 154,300 shares in the company, valued at $1,799,138. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have sold 23,039 shares of company stock worth $269,349. Company insiders own 31.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vident Investment Advisory LLC increased its position in ExOne by 48.9% in the third quarter. Vident Investment Advisory LLC now owns 931,671 shares of the industrial products company’s stock worth $10,584,000 after purchasing an additional 305,955 shares during the last quarter. Ark Investment Management LLC increased its position in ExOne by 35.5% in the second quarter. Ark Investment Management LLC now owns 696,980 shares of the industrial products company’s stock worth $7,980,000 after purchasing an additional 182,770 shares during the last quarter. State Street Corp increased its position in ExOne by 6.4% in the second quarter. State Street Corp now owns 185,750 shares of the industrial products company’s stock worth $2,125,000 after purchasing an additional 11,246 shares during the last quarter. SG Americas Securities LLC increased its position in ExOne by 136.6% in the third quarter. SG Americas Securities LLC now owns 46,288 shares of the industrial products company’s stock worth $526,000 after purchasing an additional 26,724 shares during the last quarter. Finally, Cowen Inc. bought a new stake in ExOne in the third quarter worth $511,000. Institutional investors own 29.25% of the company’s stock.

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About ExOne

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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