Xactly Corp. (NYSE:XTLY) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the company. One research analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $17.75.

Several analysts recently issued reports on the company. Lake Street Capital lifted their target price on Xactly Corp. from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, September 9th. Dougherty & Co lifted their price objective on Xactly Corp. from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Needham & Company LLC lifted their price objective on Xactly Corp. from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, September 9th. Finally, Deutsche Bank AG lifted their price objective on Xactly Corp. from $12.00 to $17.00 and gave the stock a “buy” rating in a research note on Friday, September 9th.

Shares of Xactly Corp. (NYSE:XTLY) opened at 13.42 on Friday. The company has a 50-day moving average price of $14.29 and a 200-day moving average price of $11.50. The stock’s market cap is $412.67 million. Xactly Corp. has a 52 week low of $4.68 and a 52 week high of $16.10.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Institutional Trust Company N.A. increased its position in Xactly Corp. by 23.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 60,810 shares of the company’s stock valued at $417,000 after buying an additional 11,670 shares in the last quarter. JPMorgan Chase & Co. increased its position in Xactly Corp. by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 546,334 shares of the company’s stock valued at $3,742,000 after buying an additional 22,034 shares in the last quarter. Murphy Michael R bought a new position in Xactly Corp. during the first quarter valued at $131,000. Finally, State Street Corp increased its position in Xactly Corp. by 13.0% in the first quarter. State Street Corp now owns 73,826 shares of the company’s stock valued at $506,000 after buying an additional 8,500 shares in the last quarter. 46.02% of the stock is currently owned by hedge funds and other institutional investors.

About Xactly Corp.

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.

5 Day Chart for NYSE:XTLY

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