The ExOne Co. (XONE) Earns Hold Rating from Brean Capital
Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded The ExOne from a hold rating to a buy rating and set a $17.00 target price on the stock in a report on Thursday, October 6th. Canaccord Genuity reiterated a hold rating and issued a $12.00 target price on shares of The ExOne in a report on Wednesday, August 10th. Finally, FBR & Co reiterated an outperform rating and issued a $18.00 target price on shares of The ExOne in a report on Monday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The ExOne has a consensus rating of Hold and a consensus price target of $14.00.
The ExOne (NASDAQ:XONE) opened at 10.59 on Friday. The stock’s 50 day moving average is $12.90 and its 200 day moving average is $11.87. The company’s market capitalization is $170.62 million. The ExOne has a 52 week low of $6.58 and a 52 week high of $16.15.
The ExOne (NASDAQ:XONE) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by $0.04. The firm had revenue of $13 million for the quarter, compared to the consensus estimate of $12.22 million. The ExOne had a negative return on equity of 14.04% and a negative net margin of 26.84%. The business’s revenue for the quarter was up 46.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.70) earnings per share. Analysts predict that The ExOne will post ($0.74) EPS for the current fiscal year.
In related news, CEO James L. Mccarley purchased 7,200 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The stock was acquired at an average price of $14.27 per share, for a total transaction of $102,744.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Irvin sold 5,000 shares of the company’s stock in a transaction 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 sale, the director now owns 154,300 shares of the company’s stock, valued at approximately $2,393,193. The disclosure for this sale can be found here. Insiders own 36.40% of the company’s stock.
A number of large investors have recently made changes to their positions in XONE. Sanders Morris Harris Inc. bought a new stake in shares of The ExOne during the second quarter valued at about $124,000. California State Teachers Retirement System increased its stake in shares of The ExOne by 2.5% in the second quarter. California State Teachers Retirement System now owns 22,896 shares of the company’s stock valued at $242,000 after buying an additional 566 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in shares of The ExOne by 4.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 16,886 shares of the company’s stock valued at $178,000 after buying an additional 698 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of 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 during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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. Institutional investors and hedge funds own 16.77% of the company’s stock.
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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