Analysts Set Xactly Corporation (XTLY) Price Target at $18.00
Xactly Corporation (NASDAQ:XTLY) has received an average recommendation of “Buy” from the eight research firms that are currently covering the firm. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $18.00.
Several equities analysts have weighed in on XTLY shares. National Securities started coverage on Xactly Corporation in a report on Tuesday, August 2nd. They issued a “buy” rating and a $17.00 price objective for the company. Zacks Investment Research lowered Xactly Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Dougherty & Co reiterated a “buy” rating and issued a $20.00 price target on shares of Xactly Corporation in a research note on Tuesday, September 6th. Oppenheimer Holdings Inc. lifted their price target on Xactly Corporation from $13.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, September 7th. Finally, Needham & Company LLC lifted their price target on Xactly Corporation from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, September 9th.
Xactly Corporation (NASDAQ:XTLY) opened at 13.55 on Monday. Xactly Corporation has a 1-year low of $4.68 and a 1-year high of $16.10. The firm has a 50-day moving average price of $13.55 and a 200 day moving average price of $12.43. The firm’s market cap is $416.66 million.
Xactly Corporation (NASDAQ:XTLY) last announced its quarterly earnings data on Thursday, September 8th. The company reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.06. The company earned $24 million during the quarter, compared to analyst estimates of $23.37 million. The firm’s revenue was up 31.1% on a year-over-year basis. Equities analysts predict that Xactly Corporation will post ($0.43) earnings per share for the current year.
In related news, Director Carol Mills sold 25,000 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $14.21, for a total transaction of $355,250.00. Following the sale, the director now owns 34,364 shares in the company, valued at approximately $488,312.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO L Evan Ellis, Jr. sold 7,000 shares of the business’s stock in a transaction on Monday, October 24th. The stock was sold at an average price of $13.39, for a total value of $93,730.00. Following the sale, the chief operating officer now owns 224,782 shares in the company, valued at approximately $3,009,830.98. The disclosure for this sale can be found here.
A number of large investors have recently modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Xactly Corporation by 0.8% in the third quarter. California State Teachers Retirement System now owns 48,281 shares of the company’s stock worth $711,000 after buying an additional 400 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Xactly Corporation by 2.8% in the third quarter. Rhumbline Advisers now owns 18,634 shares of the company’s stock worth $274,000 after buying an additional 510 shares in the last quarter. BlackRock Advisors LLC raised its stake in shares of Xactly Corporation by 25.7% in the third quarter. BlackRock Advisors LLC now owns 8,839 shares of the company’s stock worth $130,000 after buying an additional 1,806 shares in the last quarter. Edge Wealth Management LLC raised its stake in shares of Xactly Corporation by 36.5% in the second quarter. Edge Wealth Management LLC now owns 19,650 shares of the company’s stock worth $248,000 after buying an additional 5,250 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Xactly Corporation by 3.5% in the third quarter. Northern Trust Corp now owns 228,048 shares of the company’s stock worth $3,357,000 after buying an additional 7,620 shares in the last quarter.
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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