Zacks Investment Research cut shares of Exa Corporation (NASDAQ:EXA) from a hold rating to a sell rating in a report issued on Tuesday.

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. “

EXA has been the topic of several other reports. Needham & Company LLC cut shares of Exa Corporation from a buy rating to a hold rating in a report on Friday, September 29th. BidaskClub upgraded shares of Exa Corporation from a hold rating to a buy rating in a research note on Thursday, September 28th. Canaccord Genuity reiterated a hold rating and issued a $24.25 price objective on shares of Exa Corporation in a research note on Thursday, September 28th. Stifel Nicolaus lowered shares of Exa Corporation from a buy rating to a hold rating and increased their price objective for the company from $17.00 to $24.25 in a research note on Thursday, September 28th. Finally, Robert W. Baird cut shares of Exa Corporation from an outperform rating to a neutral rating in a research report on Thursday, September 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $19.50.

Shares of Exa Corporation (NASDAQ EXA) traded down 0.021% during trading on Tuesday, reaching $24.245. The company’s stock had a trading volume of 55,019 shares. The firm’s market cap is $364.06 million. The stock’s 50 day moving average price is $15.80 and its 200-day moving average price is $14.09. Exa Corporation has a 12 month low of $12.34 and a 12 month high of $24.42.

Exa Corporation (NASDAQ:EXA) last posted its earnings results on Monday, August 28th. The technology company reported ($0.12) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.12). The firm had revenue of $17.50 million during the quarter, compared to analyst estimates of $17.58 million. Exa Corporation had a negative net margin of 6.46% and a negative return on equity of 25.19%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) EPS. Equities analysts predict that Exa Corporation will post ($0.12) EPS for the current year.

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In related news, major shareholder Soros Fund Management Llc purchased 14,119 shares of the business’s stock in a transaction that occurred on Tuesday, September 26th. The shares were bought at an average cost of $16.58 per share, with a total value of $234,093.02. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have bought a total of 243,310 shares of company stock worth $3,628,183 over the last quarter. Company insiders own 11.53% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC lifted its stake in Exa Corporation by 1.0% in the second quarter. Parametric Portfolio Associates LLC now owns 72,592 shares of the technology company’s stock valued at $1,002,000 after purchasing an additional 750 shares during the last quarter. Rhumbline Advisers grew its holdings in Exa Corporation by 4.6% during the second quarter. Rhumbline Advisers now owns 13,871 shares of the technology company’s stock valued at $191,000 after purchasing an additional 605 shares during the period. Ranger Investment Management L.P. grew its holdings in Exa Corporation by 289.3% during the first quarter. Ranger Investment Management L.P. now owns 58,850 shares of the technology company’s stock valued at $747,000 after purchasing an additional 43,733 shares during the period. Metropolitan Life Insurance Co. NY grew its holdings in Exa Corporation by 399.6% during the first quarter. Metropolitan Life Insurance Co. NY now owns 10,576 shares of the technology company’s stock valued at $134,000 after purchasing an additional 8,459 shares during the period. Finally, Soros Fund Management LLC increased its position 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. Institutional investors and hedge funds own 76.03% of the company’s stock.

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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