Zacks Investment Research cut shares of Exa Corporation (NASDAQ:EXA) from a strong-buy rating to a hold rating in a report issued on Tuesday, July 25th.

According to Zacks, “Exa Corporation develops, markets, sells, and supports software products, and provides professional services for simulation-driven design. The Company offers PowerFLOW(R) simulation engine, automatic fluid grid generation engine, mesh preparation, advanced simulation analysis, and rapid design geometry modification products. The company’s software suite includes PowerDELTA, PowerCASE, PowerCLAY, PowerTHERM, PowerCOOL, PowerINSIGHT, PowerVIZ and PowerACOUSTICS. Its products are used in various applications, including aerodynamics, thermal management, aeroacoustics, climate control, and powertrain. . Exa Corporation is headquartered in Burlington, Massachusetts. “

Several other research firms have also commented on EXA. ValuEngine upgraded shares of Exa Corporation from a sell rating to a hold rating in a research note on Friday, June 2nd. TheStreet upgraded shares of Exa Corporation from a d rating to a c- rating in a research note on Tuesday, June 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $16.20.

Exa Corporation (NASDAQ:EXA) traded up 0.50% during trading on Tuesday, reaching $14.05. The company had a trading volume of 773 shares. The company’s market capitalization is $209.53 million. Exa Corporation has a one year low of $12.34 and a one year high of $16.89. The company has a 50-day moving average price of $13.82 and a 200 day moving average price of $14.05.

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, topping the Zacks’ consensus estimate of ($0.18) by $0.04. Exa Corporation had a negative net margin of 3.79% and a negative return on equity of 13.97%. The company had revenue of $16.56 million for the quarter, compared to analyst estimates of $16.56 million. During the same quarter in the prior year, the business posted ($0.04) EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. Analysts expect that Exa Corporation will post ($0.15) earnings per share for the current year.

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A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its stake 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 period. Geode Capital Management LLC increased 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 worth $1,217,000 after buying an additional 4,053 shares in the last quarter. Vanguard Group Inc. increased 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 worth $7,473,000 after buying an additional 12,135 shares in the last quarter. Menta Capital LLC increased its position in Exa Corporation by 4.2% in the first quarter. Menta Capital LLC now owns 42,465 shares of the technology company’s stock worth $539,000 after buying an additional 1,730 shares in the last quarter. Finally, FIL Ltd bought a new position in Exa Corporation during the first quarter worth $3,071,000. Hedge funds and other institutional investors own 76.41% of the company’s stock.

About Exa Corporation

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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