Exa Corporation (NASDAQ:EXA) was downgraded by research analysts at TheStreet from a “c-” rating to a “d” rating in a research report issued on Monday.

EXA has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Exa Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, May 31st. ValuEngine upgraded shares of Exa Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $16.20.

Exa Corporation (EXA) opened at 14.02 on Monday. The company has a 50-day moving average price of $13.82 and a 200 day moving average price of $13.94. The stock’s market cap is $209.08 million. Exa Corporation has a 1-year low of $12.34 and a 1-year high of $16.89.

Exa Corporation (NASDAQ:EXA) last posted its quarterly earnings results on Monday, August 28th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.12). The business had revenue of $17.50 million during the quarter, compared to analysts’ expectations of $17.58 million. Exa Corporation had a negative net margin of 3.79% and a negative return on equity of 13.97%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.05) earnings per share. Equities analysts expect that Exa Corporation will post ($0.12) earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS raised its stake in Exa Corporation by 5.8% in the first quarter. Kornitzer Capital Management Inc. KS now owns 131,486 shares of the technology company’s stock worth $1,670,000 after buying an additional 7,200 shares during the last quarter. Soros Fund Management LLC raised its stake in Exa Corporation by 3.0% in the first quarter. Soros Fund Management LLC now owns 1,418,369 shares of the technology company’s stock worth $18,013,000 after buying an additional 41,703 shares during the last quarter. Menta Capital LLC raised its stake 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 during the last quarter. Russell Investments Group Ltd. raised its stake in Exa Corporation by 27.0% in the first quarter. Russell Investments Group Ltd. now owns 10,330 shares of the technology company’s stock worth $131,000 after buying an additional 2,198 shares during the last quarter. Finally, Ranger Investment Management L.P. raised its stake in Exa Corporation by 289.3% in the first quarter. Ranger Investment Management L.P. now owns 58,850 shares of the technology company’s stock worth $747,000 after buying an additional 43,733 shares during the last quarter. Hedge funds and other institutional investors own 76.54% 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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