Todays Report: The Xactly Corporation’s (XTLY) Buy Rating Reiterated at Needham & Company LLC

The Xactly Corporation’s (XTLY) Buy Rating Reiterated at Needham & Company LLC

Xactly Corporation (NASDAQ:XTLY)‘s stock had its “buy” rating reiterated by analysts at Needham & Company LLC in a research report issued to clients and investors on Wednesday. They currently have a $18.00 target price on the stock. Needham & Company LLC’s price target indicates a potential upside of 23.54% from the company’s previous close.

Several other equities analysts have also issued reports on XTLY. National Securities started coverage on Xactly Corporation in a research report on Tuesday, August 2nd. They set a “buy” rating and a $17.00 price target on the stock. Zacks Investment Research lowered Xactly Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Dougherty & Co reiterated a “buy” rating and issued a $20.00 price objective on shares of Xactly Corporation in a research report on Tuesday, September 6th. Oppenheimer Holdings Inc. lifted their price objective on Xactly Corporation from $13.00 to $17.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 7th. Finally, Lake Street Capital lifted their price objective on Xactly Corporation from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Eight analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $17.57.

Xactly Corporation (NASDAQ:XTLY) traded down 0.21% during trading on Wednesday, hitting $14.54. The company had a trading volume of 100,970 shares. Xactly Corporation has a 1-year low of $4.68 and a 1-year high of $16.10. The company’s 50 day moving average price is $14.23 and its 200-day moving average price is $11.41. The stock’s market capitalization is $447.11 million.

Xactly Corporation (NASDAQ:XTLY) last posted its quarterly earnings results on Thursday, September 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.06. The company had revenue of $24 million for the quarter, compared to the consensus estimate of $23.37 million. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts expect that Xactly Corporation will post ($0.43) EPS for the current year.

In other news, CEO Christopher Cabrera sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of $15.08, for a total value of $120,640.00. Following the completion of the transaction, the chief executive officer now owns 104,500 shares in the company, valued at approximately $1,575,860. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Joseph C. Consul sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $15.00, for a total value of $375,000.00. Following the completion of the transaction, the chief financial officer now owns 43,000 shares of the company’s stock, valued at approximately $645,000. The disclosure for this sale can be found here.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position in Xactly Corporation by 59.5% in the second quarter. JPMorgan Chase & Co. now owns 871,550 shares of the company’s stock worth $11,165,000 after buying an additional 325,216 shares during the last quarter. Thompson Davis & CO. Inc. bought a new position in shares of Xactly Corporation during the second quarter worth about $184,000. EAM Investors LLC boosted its position in shares of Xactly Corporation by 115.8% in the second quarter. EAM Investors LLC now owns 231,550 shares of the company’s stock worth $2,966,000 after buying an additional 124,255 shares during the last quarter. Strs Ohio boosted its position in shares of Xactly Corporation by 1,920.0% in the second quarter. Strs Ohio now owns 50,500 shares of the company’s stock worth $646,000 after buying an additional 48,000 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of Xactly Corporation during the second quarter worth about $2,889,000.

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