The ExOne Co. (XONE) Upgraded to Buy by Zacks Investment Research
Zacks Investment Research upgraded shares of The ExOne Co. (NASDAQ:XONE) from a hold rating to a buy rating in a research note released on Thursday morning. The firm currently has $17.00 price target on the stock.
According to Zacks, “The ExOne Company provides three-dimensional printing machines and printed products to industrial customers. The Company also supplies the associated products, including consumables and replacement parts, and services including training and technical support. It manufactures and sells 3D printing machines and printing products to specification for its customers using its in-house 3D printing machines. The ExOne Company is based in Irwin, Pennsylvania. “
XONE has been the subject of a number of other research reports. Canaccord Genuity reiterated a hold rating and set a $12.00 price objective on shares of The ExOne in a research report on Wednesday, August 10th. FBR & Co reiterated an outperform rating and set a $18.00 price objective on shares of The ExOne in a research report on Monday. Finally, Brean Capital reiterated a hold rating on shares of The ExOne in a research report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The ExOne presently has an average rating of Hold and an average target price of $14.00.
Shares of The ExOne (NASDAQ:XONE) traded down 4.76% during mid-day trading on Thursday, reaching $14.82. 100,175 shares of the company’s stock were exchanged. The stock’s market cap is $238.11 million. The ExOne has a 52 week low of $6.50 and a 52 week high of $16.15. The stock has a 50 day moving average price of $14.26 and a 200 day moving average price of $12.06.
The ExOne (NASDAQ:XONE) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.09. The ExOne had a negative return on equity of 16.30% and a negative net margin of 43.59%. The business earned $11.80 million during the quarter, compared to analysts’ expectations of $11.12 million. During the same quarter last year, the business posted ($0.48) earnings per share. The business’s revenue for the quarter was up 38.8% on a year-over-year basis. Equities research analysts predict that The ExOne will post ($0.71) EPS for the current year.
In other news, Director John Irvin sold 5,000 shares of The ExOne stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $15.51, for a total value of $77,550.00. Following the transaction, the director now directly owns 154,300 shares of the company’s stock, valued at approximately $2,393,193. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO James L. Mccarley acquired 7,200 shares of The ExOne stock in a transaction dated Wednesday, August 24th. The stock was purchased at an average cost of $14.27 per share, for a total transaction of $102,744.00. The disclosure for this purchase can be found here. 36.40% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in XONE. Janney Montgomery Scott LLC raised its position in The ExOne by 82.5% in the second quarter. Janney Montgomery Scott LLC now owns 155,648 shares of the company’s stock valued at $1,602,000 after buying an additional 70,341 shares in the last quarter. Dimensional Fund Advisors LP raised its position in The ExOne by 72.4% in the second quarter. Dimensional Fund Advisors LP now owns 60,503 shares of the company’s stock valued at $640,000 after buying an additional 25,414 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in The ExOne during the second quarter valued at approximately $244,000. BlackRock Fund Advisors raised its position in The ExOne by 8.5% in the second quarter. BlackRock Fund Advisors now owns 286,241 shares of the company’s stock valued at $3,026,000 after buying an additional 22,452 shares during the period. Finally, Vanguard Group Inc. raised its position in The ExOne by 6.6% in the second quarter. Vanguard Group Inc. now owns 317,170 shares of the company’s stock valued at $3,352,000 after buying an additional 19,717 shares during the period. 16.00% of the stock is currently owned by institutional investors and hedge funds.
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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