Deutsche Bank AG Increases Xactly Corporation (XTLY) Price Target to $20.00
Xactly Corporation (NASDAQ:XTLY) had its price objective upped by equities research analysts at Deutsche Bank AG from $17.00 to $20.00 in a note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock. Deutsche Bank AG’s price target points to a potential upside of 38.12% from the company’s previous close.
A number of other brokerages have also issued reports on XTLY. Needham & Company LLC upped their price target on shares of Xactly Corporation from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Lake Street Capital upped their price target on shares of Xactly Corporation from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Dougherty & Co restated a “buy” rating and set a $20.00 price target on shares of Xactly Corporation in a research note on Tuesday, September 6th. Oppenheimer Holdings Inc. upped their price target on shares of Xactly Corporation from $13.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, September 7th. Finally, Zacks Investment Research lowered shares of Xactly Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Eight equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of $17.57.
Xactly Corporation (NASDAQ:XTLY) opened at 14.48 on Monday. The stock’s market cap is $445.26 million. The company’s 50 day moving average is $13.80 and its 200-day moving average is $10.81. Xactly Corporation has a 1-year low of $4.68 and a 1-year high of $14.90.
Xactly Corporation (NASDAQ:XTLY) last issued its quarterly earnings results on Thursday, September 8th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. The company had revenue of $24 million for the quarter, compared to analyst estimates of $23.37 million. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. Equities research analysts forecast that Xactly Corporation will post ($0.43) earnings per share for the current fiscal year.
In related news, CEO Christopher Cabrera sold 8,000 shares of the stock in a transaction on Monday, September 12th. The shares were sold at an average price of $13.94, for a total transaction of $111,520.00. Following the sale, the chief executive officer now directly owns 104,500 shares of the company’s stock, valued at $1,456,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carol Mills sold 25,000 shares of the stock in a transaction on Monday, July 18th. The stock was sold at an average price of $12.10, for a total transaction of $302,500.00. Following the sale, the director now directly owns 34,364 shares in the company, valued at $415,804.40. The disclosure for this sale can be found here.
A number of hedge funds have recently made changes to their positions in XTLY. Nationwide Fund Advisors increased its stake in shares of Xactly Corporation by 139.9% in the second quarter. Nationwide Fund Advisors now owns 14,929 shares of the company’s stock worth $191,000 after buying an additional 8,706 shares during the period. JPMorgan Chase & Co. increased its stake in shares of 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 period. First Washington CORP purchased a new stake in shares of Xactly Corporation during the second quarter worth about $1,062,000. Fortaleza Asset Management Inc. purchased a new stake in shares of Xactly Corporation during the second quarter worth about $121,000. Finally, EAM Investors LLC increased its stake 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 period.
About Xactly Corporation
Xactly Corporation is a provider of cloud-based incentive compensation solutions for employee and sales performance management. The Company delivers its solutions through a software-as-a-service (SaaS) business model. The Company has a customer base, including companies in various industries, such as business and financial services, communications, life sciences, media and Internet, SaaS and traditional software, and retail.
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