Exa Corp. (NASDAQ:EXA) will be issuing its quarterly earnings data after the market closes on Wednesday, November 30th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.
Exa Corp. (NASDAQ:EXA) last issued its earnings results on Monday, August 29th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.04. Exa Corp. had a negative net margin of 4.84% and a negative return on equity of 19.36%. The company had revenue of $17.10 million for the quarter. During the same quarter in the prior year, the firm posted ($0.06) EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts expect Exa Corp. to post $-0.07 EPS for the current fiscal year and $0.08 EPS for the next fiscal year.
Shares of Exa Corp. (NASDAQ:EXA) opened at 15.56 on Tuesday. Exa Corp. has a 52 week low of $9.81 and a 52 week high of $16.74. The stock has a 50 day moving average of $14.47 and a 200 day moving average of $14.37. The firm’s market cap is $230.60 million.
In other news, major shareholder Fidelity Non-Profit Management sold 1,200,000 shares of the stock in a transaction on Thursday, October 6th. The stock was sold at an average price of $14.72, for a total transaction of $17,664,000.00. Following the sale, the insider now directly owns 905,640 shares of the company’s stock, valued at approximately $13,331,020.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Wayne D. Mackie bought 10,565 shares of Exa Corp. stock in a transaction dated Friday, October 7th. The shares were bought at an average cost of $14.91 per share, for a total transaction of $157,524.15. Following the completion of the acquisition, the director now owns 69,723 shares in the company, valued at approximately $1,039,569.93. The disclosure for this purchase can be found here. Company insiders own 9.89% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in EXA. American International Group Inc. bought a new stake in Exa Corp. during the second quarter valued at about $115,000. Nationwide Fund Advisors acquired a new stake in Exa Corp. during the second quarter valued at $127,000. The Manufacturers Life Insurance Company acquired a new stake in Exa Corp. during the third quarter valued at $166,000. Rhumbline Advisers acquired a new stake in Exa Corp. during the third quarter valued at $208,000. Finally, TFS Capital LLC raised its stake in Exa Corp. by 16.1% in the second quarter. TFS Capital LLC now owns 17,100 shares of the company’s stock valued at $247,000 after buying an additional 2,377 shares during the period. 76.09% of the stock is currently owned by institutional investors.
EXA has been the topic of a number of research analyst reports. Zacks Investment Research cut Exa Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st. Needham & Company LLC increased their price objective on Exa Corp. from $15.00 to $16.50 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. Finally, Canaccord Genuity increased their price objective on Exa Corp. from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th.
About Exa Corp.