Exa Corp (NASDAQ:EXA) posted its quarterly earnings data on Thursday. The company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.00 by $0.03. Exa Corp had a negative net margin of 3.87% and a negative return on equity of 15.46%. The company had revenue of $19.53 million for the quarter, compared to analyst estimates of $20.25 million. During the same period in the prior year, the company posted ($0.06) EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis.
Exa Corp (NASDAQ:EXA) traded up 1.46% during trading on Friday, hitting $13.20. 71,746 shares of the stock were exchanged. Exa Corp has a 12 month low of $11.12 and a 12 month high of $16.89. The stock’s 50 day moving average price is $15.31 and its 200 day moving average price is $15.24. The stock’s market cap is $196.63 million.
A number of analysts recently weighed in on the stock. Needham & Company LLC increased their price objective on shares of Exa Corp from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, December 22nd. Robert W. Baird reissued an “outperform” rating and issued a $18.00 price objective (up from $17.00) on shares of Exa Corp in a research report on Tuesday, February 28th. Stifel Nicolaus dropped their target price on shares of Exa Corp from $18.50 to $17.00 and set a “buy” rating on the stock in a research note on Friday, March 17th. Canaccord Genuity downgraded shares of Exa Corp from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a research note on Friday, March 17th. Finally, Zacks Investment Research downgraded shares of Exa Corp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 31st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $16.60.
Hedge funds have recently bought and sold shares of the stock. Conestoga Capital Advisors LLC boosted its stake in Exa Corp by 4.2% in the third quarter. Conestoga Capital Advisors LLC now owns 1,371,202 shares of the company’s stock valued at $22,008,000 after buying an additional 55,759 shares during the period. Acadian Asset Management LLC boosted its stake in Exa Corp by 867.8% in the third quarter. Acadian Asset Management LLC now owns 45,457 shares of the company’s stock valued at $730,000 after buying an additional 40,760 shares during the period. Strs Ohio purchased a new stake in Exa Corp during the third quarter valued at $229,000. Wasatch Advisors Inc. boosted its stake in Exa Corp by 3.8% in the third quarter. Wasatch Advisors Inc. now owns 406,023 shares of the company’s stock valued at $6,517,000 after buying an additional 14,758 shares during the period. Finally, Globeflex Capital L P purchased a new stake in Exa Corp during the third quarter valued at $894,000. 78.25% of the stock is owned by institutional investors and hedge funds.
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About Exa Corp
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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