A number of research firms have changed their ratings and price targets for Exa Corporation (NASDAQ: EXA):

  • 10/10/2017 – Exa Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 10/3/2017 – Exa Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 9/29/2017 – Exa Corporation was downgraded by analysts at Needham & Company LLC from a “buy” rating to a “hold” rating.
  • 9/28/2017 – Exa Corporation was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating.
  • 9/28/2017 – Exa Corporation was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $24.25 price target on the stock, up previously from $17.00.
  • 9/28/2017 – Exa Corporation had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $24.25 price target on the stock.
  • 9/28/2017 – Exa Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/12/2017 – Exa Corporation was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/28/2017 – Exa Corporation was downgraded by analysts at TheStreet from a “c-” rating to a “d” rating.

Exa Corporation (NASDAQ EXA) opened at 24.235 on Tuesday. The stock has a 50 day moving average price of $18.31 and a 200-day moving average price of $14.74. The company’s market capitalization is $363.91 million. Exa Corporation has a 1-year low of $12.34 and a 1-year high of $24.42.

Exa Corporation (NASDAQ:EXA) last released its quarterly earnings results on Monday, August 28th. The technology company reported ($0.12) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.12). The firm had revenue of $17.50 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. Equities analysts predict that Exa Corporation will post ($0.12) earnings per share for the current year.

In related news, major shareholder Soros Fund Management Llc purchased 14,119 shares of the stock in a transaction on Tuesday, September 26th. The shares were purchased at an average cost of $16.58 per share, with a total value of $234,093.02. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders acquired 243,310 shares of company stock worth $3,628,183. Insiders own 11.53% of the company’s stock.

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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