Xactly Corporation’s (XTLY) Buy Rating Reiterated at Needham & Company LLC
Xactly Corporation (NASDAQ:XTLY)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a research note issued to investors on Wednesday. They currently have a $18.00 target price on the stock. Needham & Company LLC’s price target points to a potential upside of 23.54% from the stock’s previous close.
A number of other research analysts have also recently commented on XTLY. Lake Street Capital raised their price target on Xactly Corporation from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Deutsche Bank AG raised their price target on Xactly Corporation from $12.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, September 9th. Oppenheimer Holdings Inc. lifted their target price on Xactly Corporation from $13.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, September 7th. Zacks Investment Research upgraded Xactly Corporation from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Thursday, September 15th. Finally, Dougherty & Co reiterated a “buy” rating and issued a $20.00 target price on shares of Xactly Corporation in a research report on Tuesday, September 6th. Eight research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of $17.57.
Xactly Corporation (NASDAQ:XTLY) traded down 0.21% during trading on Wednesday, reaching $14.54. 100,970 shares of the company traded hands. The company’s 50-day moving average is $14.23 and its 200 day moving average is $11.41. Xactly Corporation has a 12 month low of $4.68 and a 12 month high of $16.10. The company’s market cap is $447.11 million.
Xactly Corporation (NASDAQ:XTLY) last issued its quarterly earnings results on Thursday, September 8th. The company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.06. The company earned $24 million during the quarter, compared to the consensus estimate of $23.37 million. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. On average, analysts anticipate that Xactly Corporation will post ($0.43) earnings per share for the current year.
In other news, COO L Evan Ellis, Jr. sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $14.01, for a total transaction of $140,100.00. Following the sale, the chief operating officer now directly owns 227,782 shares in the company, valued at $3,191,225.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Christopher Cabrera sold 8,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $14.01, for a total value of $112,080.00. Following the sale, the chief executive officer now owns 104,500 shares in the company, valued at $1,464,045. The disclosure for this sale can be found here.
Several hedge funds have recently added to or reduced their stakes in the company. Edge Wealth Management LLC boosted its stake in Xactly Corporation by 36.5% in the second quarter. Edge Wealth Management LLC now owns 19,650 shares of the company’s stock valued at $248,000 after buying an additional 5,250 shares during the period. Strs Ohio boosted its stake in Xactly Corporation by 1,920.0% in the second quarter. Strs Ohio now owns 50,500 shares of the company’s stock valued at $646,000 after buying an additional 48,000 shares during the period. Essex Investment Management Co. LLC purchased a new stake in Xactly Corporation during the second quarter valued at $1,112,000. Emerald Mutual Fund Advisers Trust bought a new position in Xactly Corporation during the second quarter worth approximately $2,889,000. Finally, Emerald Advisers Inc. PA bought a new position in Xactly Corporation during the second quarter worth approximately $3,039,000.
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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