Exa Corporation (NASDAQ:EXA) was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report released on Thursday.

Several other research firms also recently weighed in on EXA. ValuEngine upgraded Exa Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. TheStreet downgraded Exa Corporation from a “c-” rating to a “d” rating in a research report on Monday, August 28th. Finally, Zacks Investment Research upgraded 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. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.05.

Exa Corporation (NASDAQ:EXA) remained flat at $24.18 on Thursday. The company had a trading volume of 1,746,191 shares. The stock’s 50-day moving average price is $14.19 and its 200 day moving average price is $13.77. The stock’s market capitalization is $363.09 million. Exa Corporation has a 12-month low of $12.34 and a 12-month high of $24.22.

Exa Corporation (NASDAQ:EXA) last issued its quarterly earnings data on Monday, August 28th. The technology company reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). The company had revenue of $17.50 million for the quarter, compared to analyst estimates of $17.58 million. Exa Corporation had a negative return on equity of 25.19% and a negative net margin of 6.46%. Exa Corporation’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company earned ($0.05) earnings per share. On average, equities research analysts forecast that Exa Corporation will post ($0.12) EPS for the current fiscal year.

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In other Exa Corporation news, major shareholder Soros Fund Management Llc bought 14,119 shares of Exa Corporation stock in a transaction on Tuesday, September 26th. The shares were bought at an average price of $16.58 per share, for a total transaction of $234,093.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 243,310 shares of company stock worth $3,628,183 in the last 90 days. Company insiders own 11.53% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of EXA. American International Group Inc. grew its stake in shares of Exa Corporation by 7.0% in the first quarter. American International Group Inc. now owns 8,530 shares of the technology company’s stock valued at $108,000 after buying an additional 556 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Exa Corporation by 27.0% in the first quarter. Russell Investments Group Ltd. now owns 10,330 shares of the technology company’s stock valued at $131,000 after buying an additional 2,198 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of 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 in the last quarter. Oxford Asset Management acquired a new stake in shares of Exa Corporation in the first quarter valued at $140,000. Finally, Rhumbline Advisers grew its stake in shares of Exa Corporation by 4.6% in the second quarter. Rhumbline Advisers now owns 13,871 shares of the technology company’s stock valued at $191,000 after buying an additional 605 shares in the last quarter. 76.03% of the stock is owned by institutional investors and hedge funds.

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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