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

A number of equities research analysts have recently issued reports on XTLY shares. Deutsche Bank AG boosted their price objective on Xactly Corp. from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, September 9th. Needham & Company LLC boosted their price objective on Xactly Corp. from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, September 9th. Dougherty & Co boosted their price objective on Xactly Corp. from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, September 9th. Finally, Lake Street Capital boosted their price objective on Xactly Corp. from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, September 9th.

Shares of Xactly Corp. (NYSE:XTLY) opened at 14.65 on Friday. The company’s 50-day moving average price is $13.61 and its 200-day moving average price is $12.29. The company’s market capitalization is $450.49 million. Xactly Corp. has a 52-week low of $4.68 and a 52-week high of $16.10.

A hedge fund recently raised its stake in Xactly Corp. stock. JPMorgan Chase & Co. increased its stake in Xactly Corp. (NYSE:XTLY) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 546,334 shares of the company’s stock after buying an additional 22,034 shares during the period. JPMorgan Chase & Co. owned approximately 1.87% of Xactly Corp. worth $3,742,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 43.97% of the company’s stock.

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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