The ExOne Co. (XONE) Rating Reiterated by FBR & Co
The ExOne Co. (NASDAQ:XONE)‘s stock had its “outperform” rating reaffirmed by analysts at FBR & Co in a report issued on Monday. They currently have a $18.00 price objective on the stock. FBR & Co’s price target suggests a potential upside of 15.46% from the company’s current price.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of The ExOne from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Saturday, August 13th. Canaccord Genuity restated a “hold” rating and set a $12.00 price target on shares of The ExOne in a research report on Wednesday, August 10th. Brean Capital restated a “hold” rating on shares of The ExOne in a research report on Thursday, August 11th. Finally, Pacific Crest restated a “sector perform” rating on shares of The ExOne in a research report on Sunday, June 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The ExOne presently has a consensus rating of “Hold” and a consensus price target of $13.60.
Shares of The ExOne (NASDAQ:XONE) traded up 2.8384% on Monday, hitting $16.0325. 76,901 shares of the stock were exchanged. The firm’s market capitalization is $257.59 million. The ExOne has a one year low of $6.50 and a one year high of $16.08. The company has a 50-day moving average price of $14.15 and a 200-day moving average price of $12.01.
The ExOne (NASDAQ:XONE) last posted its earnings results on Tuesday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.09. The ExOne had a negative net margin of 43.59% and a negative return on equity of 16.30%. The firm earned $11.80 million during the quarter, compared to analyst estimates of $11.12 million. During the same quarter in the prior year, the business posted ($0.48) EPS. The business’s revenue was up 38.8% compared to the same quarter last year. Equities research analysts expect that The ExOne will post ($0.72) earnings per share for the current year.
In other news, CEO James L. Mccarley purchased 7,200 shares of the stock in a transaction dated Wednesday, August 24th. The shares were purchased at an average cost of $14.27 per share, with a total value of $102,744.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 36.40% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC increased its stake in shares of The ExOne by 4.4% in the second quarter. Parametric Portfolio Associates LLC now owns 12,078 shares of the company’s stock worth $128,000 after buying an additional 507 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of The ExOne by 2.5% in the second quarter. California State Teachers Retirement System now owns 22,896 shares of the company’s stock worth $242,000 after buying an additional 566 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of The ExOne by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 248,032 shares of the company’s stock worth $2,622,000 after buying an additional 654 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of The ExOne by 4.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 16,886 shares of the company’s stock worth $178,000 after buying an additional 698 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of The ExOne by 10.2% in the second quarter. Rhumbline Advisers now owns 17,849 shares of the company’s stock worth $189,000 after buying an additional 1,645 shares during the last quarter. 16.00% of the stock is currently owned by hedge funds and other institutional investors.
The ExOne Company Profile
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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