Exa Corporation (EXA) Getting Somewhat Favorable Press Coverage, Report Finds

Media headlines about Exa Corporation (NASDAQ:EXA) have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Exa Corporation earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.2577983765501 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Exa Corporation (NASDAQ EXA) traded up 0.08% during mid-day trading on Tuesday, hitting $24.22. The stock had a trading volume of 32,248 shares. The firm has a 50 day moving average price of $21.19 and a 200-day moving average price of $15.64. The stock’s market cap is $363.69 million. Exa Corporation has a 12 month low of $12.34 and a 12 month high of $24.42.

Exa Corporation (NASDAQ:EXA) last announced 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 firm 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%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.05) EPS. On average, equities research analysts forecast that Exa Corporation will post ($0.12) EPS for the current year.

A number of analysts have recently commented on the company. ValuEngine raised Exa Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Zacks Investment Research lowered Exa Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. TheStreet lowered Exa Corporation from a “c-” rating to a “d” rating in a research note on Monday, August 28th. BidaskClub lowered Exa Corporation from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Finally, Stifel Nicolaus lowered Exa Corporation from a “buy” rating to a “hold” rating and lifted their price target for the company from $17.00 to $24.25 in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.63.

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In other news, major shareholder Soros Fund Management Llc acquired 53,502 shares of Exa Corporation stock in a transaction dated Monday, September 18th. The shares were purchased at an average cost of $15.49 per share, for a total transaction of $828,745.98. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have bought a total of 243,310 shares of company stock worth $3,628,183 over the last quarter. Corporate insiders own 11.53% 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.

Insider Buying and Selling by Quarter for Exa Corporation (NASDAQ:EXA)

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