Exa Corporation (NASDAQ:EXA) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $(0.15)-(0.11) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.08). The company issued revenue guidance of $17.1-18.1 million, compared to the consensus revenue estimate of $17.53 million.Exa Corporation also updated its FY18 guidance to $(0.20)-(0.04) EPS.

A number of brokerages have recently issued reports on EXA. Stifel Nicolaus dropped their target price on shares of Exa Corporation from $18.50 to $17.00 and set a buy rating on the stock in a report on Friday, March 17th. TheStreet upgraded shares of Exa Corporation from a d rating to a c- rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Exa Corporation from a hold rating to a buy rating and set a $15.00 target price on the stock in a research report on Wednesday, May 31st. Canaccord Genuity lowered shares of Exa Corporation from a buy rating to a hold rating and set a $15.00 price target on the stock. in a research report on Friday, March 17th. Finally, ValuEngine upgraded shares of Exa Corporation from a sell rating to a hold rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $16.20.

Exa Corporation (EXA) traded down 2.71% during trading on Friday, hitting $13.63. 100,744 shares of the stock traded hands. The stock’s market cap is $203.26 million. Exa Corporation has a 12 month low of $12.34 and a 12 month high of $16.89. The company has a 50-day moving average price of $13.44 and a 200-day moving average price of $14.52.

Exa Corporation (NASDAQ:EXA) last posted its earnings results on Wednesday, May 24th. The technology company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.04. The firm had revenue of $16.56 million during the quarter, compared to analyst estimates of $16.56 million. Exa Corporation had a negative net margin of 3.79% and a negative return on equity of 13.97%. Exa Corporation’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) earnings per share. Equities research analysts expect that Exa Corporation will post ($0.15) EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY raised its position in Exa Corporation by 399.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 10,576 shares of the technology company’s stock valued at $134,000 after buying an additional 8,459 shares during the last quarter. Renaissance Technologies LLC raised its position in Exa Corporation by 0.6% in the first quarter. Renaissance Technologies LLC now owns 241,800 shares of the technology company’s stock valued at $3,071,000 after buying an additional 1,500 shares during the last quarter. Geode Capital Management LLC raised its position in Exa Corporation by 4.4% in the first quarter. Geode Capital Management LLC now owns 95,843 shares of the technology company’s stock valued at $1,217,000 after buying an additional 4,053 shares during the last quarter. Vanguard Group Inc. raised its position in Exa Corporation by 2.1% in the first quarter. Vanguard Group Inc. now owns 588,431 shares of the technology company’s stock valued at $7,473,000 after buying an additional 12,135 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in Exa Corporation by 8.2% in the first quarter. Teachers Advisors LLC now owns 23,591 shares of the technology company’s stock valued at $300,000 after buying an additional 1,785 shares during the last quarter. 76.29% of the stock is owned by institutional investors.

Exa Corporation Company Profile

Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market, including manufacturers in the passenger vehicle, highway truck, off-highway vehicle and train markets, as well as their suppliers.

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