What Next for Exa Corp (EXA) Stock After Today’s Big Increase?

September 17, 2017 - By reb123z

Investors sentiment decreased to 2 in Q4 2016. Its down 0.15, from 2.15 in 2016Q3. It is negative, as 9 investors sold Exa Corp shares while 15 reduced holdings. 11 funds opened positions while 37 raised stakes. 11.11 million shares or 0.76% less from 11.19 million shares in 2016Q3 were reported.
Soros Fund Mngmt Lc accumulated 0.49% or 1.38M shares. Tiaa Cref Investment Mngmt Limited Com accumulated 45,647 shares or 0% of the stock. Lapides Asset Mgmt Lc stated it has 48,700 shares. Gsa Capital Prns Llp holds 78,483 shares or 0.07% of its portfolio. United Kingdom-based Baillie Gifford And has invested 0.01% in Exa Corp (NASDAQ:EXA). Citigroup Incorporated reported 17,530 shares. Ohio-based Strs Ohio has invested 0% in Exa Corp (NASDAQ:EXA). Utah-based Wasatch Advisors has invested 0.1% in Exa Corp (NASDAQ:EXA). 11,955 were reported by Bb&T. Barclays Public Ltd Liability Company has invested 0% of its portfolio in Exa Corp (NASDAQ:EXA). Kornitzer Capital Mgmt Inc Ks holds 0.04% in Exa Corp (NASDAQ:EXA) or 124,286 shares. 52,919 are owned by Acadian Asset Management Limited Liability. Schwab Charles stated it has 0% in Exa Corp (NASDAQ:EXA). Jpmorgan Chase And Communications owns 0% invested in Exa Corp (NASDAQ:EXA) for 18,026 shares. The Massachusetts-based Fmr Lc has invested 0% in Exa Corp (NASDAQ:EXA).

Since April 3, 2017, it had 0 insider buys, and 3 sales for $40,441 activity.

The stock of Exa Corp (NASDAQ:EXA) is a huge mover today! The stock increased 4.58% or $0.69 on September 15, reaching $15.76. About 115,514 shares traded or 162.09% up from the average. Exa Corp (NASDAQ:EXA) has declined 1.23% since September 17, 2016 and is downtrending. It has underperformed by 17.93% the S&P500.
The move comes after 7 months positive chart setup for the $236.66M company. It was reported on Sep, 17 by Barchart.com. We have $16.55 PT which if reached, will make NASDAQ:EXA worth $11.83M more.

Analysts await Exa Corp (NASDAQ:EXA) to report earnings on November, 29. They expect $-0.05 earnings per share, down 600.00 % or $0.06 from last year’s $0.01 per share. After $-0.17 actual earnings per share reported by Exa Corp for the previous quarter, Wall Street now forecasts -70.59 % EPS growth.

Exa Corp (NASDAQ:EXA) Ratings Coverage

Among 3 analysts covering Exa (NASDAQ:EXA), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Exa had 8 analyst reports since September 2, 2015 according to SRatingsIntel. Canaccord Genuity maintained it with “Buy” rating and $13 target in Wednesday, September 2 report. As per Monday, August 28, the company rating was maintained by Canaccord Genuity. The firm has “Buy” rating given on Tuesday, August 30 by Needham. Needham reinitiated the stock with “Buy” rating in Thursday, December 22 report. Stifel Nicolaus maintained it with “Buy” rating and $17.0 target in Monday, August 28 report. Canaccord Genuity downgraded Exa Corp (NASDAQ:EXA) on Friday, March 17 to “Hold” rating. On Thursday, December 1 the stock rating was maintained by Needham with “Buy”. As per Tuesday, August 30, the company rating was maintained by Canaccord Genuity.

More notable recent Exa Corp (NASDAQ:EXA) news were published by: Reuters.com which released: “BRIEF-Exa Corp and BP sign multi-year commercial agreement for exa digitalrock …” on May 02, 2017, also Gurufocus.com with their article: “George Soros Boosts Exa Corp 15%” published on September 14, 2017, Seekingalpha.com published: “Exa Corporation’s (EXA) CEO Steve Remondi on Q1 2018 Results – Earnings Call …” on May 25, 2017. More interesting news about Exa Corp (NASDAQ:EXA) were released by: Globenewswire.com and their article: “Exa and BP sign Multi-Year Commercial Agreement for Exa DigitalROCK Relative …” published on May 02, 2017 as well as Seekingalpha.com‘s news article titled: “Exa Corporation’s (EXA) CEO Steve Remondi on Q4 2017 Results – Earnings Call …” with publication date: March 17, 2017.

Exa Corporation develops, sells and supports simulation software and services that manufacturers use in design and engineering processes. The company has market cap of $236.66 million. The Firm 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. It currently has negative earnings. The Company’s product, PowerFLOW, is a software solution for simulating fluid flow problems, including aerodynamics, thermal management and aeroacoustics, or wind noise.

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