Zacks Investment Research lowered shares of The ExOne Co. (NASDAQ:XONE) from a buy rating to a hold rating in a report released on Tuesday.

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. “

A number of other brokerages also recently issued reports on XONE. Brean Capital reissued a hold rating on shares of The ExOne in a research report on Thursday, August 11th. FBR & Co restated an outperform rating and set a $18.00 target price on shares of The ExOne in a report on Monday, October 3rd. Finally, Canaccord Genuity restated a hold rating and set a $12.00 target price on shares of The ExOne in a report on Wednesday, August 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The ExOne currently has an average rating of Hold and a consensus target price of $14.00.

The ExOne (NASDAQ:XONE) traded up 1.42% during mid-day trading on Tuesday, reaching $10.74. 48,242 shares of the company were exchanged. The ExOne has a 1-year low of $6.58 and a 1-year high of $16.15. The stock’s 50-day moving average price is $12.90 and its 200-day moving average price is $11.87. The stock’s market capitalization is $173.03 million.

The ExOne (NASDAQ:XONE) last issued its earnings results on Wednesday, November 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by $0.04. The ExOne had a negative return on equity of 14.04% and a negative net margin of 26.84%. The company earned $13 million during the quarter, compared to analyst estimates of $12.22 million. During the same period last year, the business earned ($0.70) earnings per share. The firm’s revenue was up 46.1% compared to the same quarter last year. On average, equities research analysts anticipate that The ExOne will post ($0.74) EPS for the current fiscal year.

In other news, CEO James L. Mccarley purchased 7,200 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were bought at an average price of $14.27 per share, with a total value of $102,744.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Irvin sold 5,000 shares of The ExOne stock in a transaction that occurred on 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 in the company, valued at approximately $2,393,193. The disclosure for this sale can be found here. Company insiders own 36.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Credit Suisse AG purchased a new position in The ExOne during the third quarter valued at approximately $315,000. Symmetry Peak Management LLC purchased a new position in The ExOne during the third quarter valued at approximately $190,000. D. E. Shaw & Co. Inc. purchased a new position in The ExOne during the third quarter valued at approximately $339,000. KCG Holdings Inc. purchased a new position in The ExOne during the third quarter valued at approximately $526,000. Finally, Northern Trust Corp raised its position in The ExOne by 5.2% in the third quarter. Northern Trust Corp now owns 112,224 shares of the company’s stock valued at $1,708,000 after buying an additional 5,556 shares during the period. 16.77% of the stock is currently owned by institutional investors.

About The ExOne

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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