Brokerages Set Xactly Corporation (XTLY) PT at $17.57
Xactly Corporation (NASDAQ:XTLY) has received an average rating of “Buy” from the eight ratings firms that are currently covering the firm. Eight analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have covered the stock in the last year is $17.57.
Several equities analysts have commented on XTLY shares. Zacks Investment Research upgraded shares of Xactly Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Thursday, September 15th. Deutsche Bank AG increased their price objective on shares of Xactly Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, September 26th. National Securities started coverage on shares of Xactly Corporation in a research report on Tuesday, August 2nd. They set a “buy” rating and a $17.00 price objective for the company. Dougherty & Co reiterated a “buy” rating and set a $20.00 price objective on shares of Xactly Corporation in a research report on Tuesday, September 6th. Finally, Lake Street Capital raised their target price on shares of Xactly Corporation from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, September 9th.
Shares of Xactly Corporation (NASDAQ:XTLY) opened at 14.32 on Monday. The company’s 50-day moving average is $14.26 and its 200 day moving average is $11.43. Xactly Corporation has a 1-year low of $4.68 and a 1-year high of $16.10. The company’s market cap is $440.34 million.
Xactly Corporation (NASDAQ:XTLY) last released its quarterly earnings data on Thursday, September 8th. The company reported ($0.08) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The business had revenue of $24 million for the quarter, compared to the consensus estimate of $23.37 million. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. Equities analysts anticipate that Xactly Corporation will post ($0.43) EPS for the current year.
In related news, Director Carol Mills sold 25,000 shares of the firm’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $12.10, for a total value of $302,500.00. Following the transaction, the director now owns 34,364 shares of the company’s stock, valued at approximately $415,804.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher Cabrera sold 8,000 shares of the firm’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $15.08, for a total transaction of $120,640.00. Following the completion of the transaction, the chief executive officer now directly owns 104,500 shares in the company, valued at approximately $1,575,860. The disclosure for this sale can be found here.
A number of hedge funds and other institutional investors have recently bought and sold shares of XTLY. Schwab Charles Investment Management Inc. bought a new position in Xactly Corporation during the second quarter valued at approximately $454,000. Metropolitan Life Insurance Co. NY bought a new position in Xactly Corporation during the second quarter valued at approximately $221,000. Millrace Asset Group Inc. bought a new position in Xactly Corporation during the second quarter valued at approximately $1,268,000. Murphy Michael R increased its position in Xactly Corporation by 4,959.3% in the second quarter. Murphy Michael R now owns 970,172 shares of the company’s stock valued at $12,428,000 after buying an additional 950,996 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Xactly Corporation during the second quarter valued at approximately $228,000.
Xactly Corporation Company Profile
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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