The ExOne Co. (XONE) Stock Price Down 4.4% After Insider Selling
The ExOne Co. (NASDAQ:XONE)’s share price dropped 4.4% during mid-day trading on Friday following insider selling activity. The stock traded as low as $14.77 and last traded at $14.88, with a volume of 105,335 shares changing hands. The stock had previously closed at $15.56.
Specifically, Director John Irvin sold 5,000 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $15.51, for a total transaction of $77,550.00. Following the transaction, the director now owns 154,300 shares in the company, valued at $2,393,193. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO James L. Mccarley acquired 7,200 shares of the business’s stock in a transaction dated Wednesday, August 24th. The shares were bought at an average price of $14.27 per share, for a total transaction of $102,744.00. The disclosure for this purchase can be found here. Insiders own 36.40% of the company’s stock.
XONE has been the topic of several recent analyst reports. Brean Capital restated a “hold” rating on shares of The ExOne in a report on Thursday, August 11th. Zacks Investment Research upgraded shares of The ExOne from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Saturday, August 13th. FBR & Co reiterated an “outperform” rating and issued a $18.00 price target on shares of The ExOne in a report on Monday. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $12.00 price target on shares of The ExOne in a report on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $14.00.
The company’s market cap is $239.40 million. The company has a 50 day moving average of $14.26 and a 200-day moving average of $12.06.
The ExOne (NASDAQ:XONE) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.09. The business earned $11.80 million during the quarter, compared to analysts’ expectations of $11.12 million. The ExOne had a negative return on equity of 16.30% and a negative net margin of 43.59%. The business’s quarterly revenue was up 38.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.48) EPS. Equities research analysts forecast that The ExOne Co. will post ($0.71) earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC boosted its position 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 valued at $128,000 after buying an additional 507 shares during the last quarter. California State Teachers Retirement System boosted its stake in The ExOne by 2.5% in the second quarter. California State Teachers Retirement System now owns 22,896 shares of the company’s stock valued at $242,000 after buying an additional 566 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in 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 valued at $2,622,000 after buying an additional 654 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in The ExOne by 4.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 16,886 shares of the company’s stock valued at $178,000 after buying an additional 698 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in The ExOne by 10.2% in the second quarter. Rhumbline Advisers now owns 17,849 shares of the company’s stock valued at $189,000 after buying an additional 1,645 shares during the last quarter. Institutional investors and hedge funds own 16.00% of the company’s stock.
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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