Key Points
- COO Douglas Walter Gaylor sold 10,000 shares of Crexendo on November 10 at $7.17 for $71,700, reducing his stake to 243,135 shares (a 3.95% ownership decrease); he also sold 10,000 shares on September 11 at $6.76.
- Crexendo shares fell 5.8% to $6.96 with a market cap of about $213.9M, a P/E of 69.55, and a 52-week range of $3.75–$7.65.
- Analysts are broadly positive with a consensus "Moderate Buy" and an average target of $9.08 (several buy/strong-buy upgrades); the company reported Q2 EPS of $0.02 on $4.51M revenue and analysts forecast ~0.14 EPS for the year.
Crexendo Inc. (NASDAQ:CXDO - Get Free Report) COO Douglas Walter Gaylor sold 10,000 shares of Crexendo stock in a transaction on Monday, November 10th. The stock was sold at an average price of $7.17, for a total transaction of $71,700.00. Following the sale, the chief operating officer owned 243,135 shares in the company, valued at $1,743,277.95. This represents a 3.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Douglas Walter Gaylor also recently made the following trade(s):
- On Thursday, September 11th, Douglas Walter Gaylor sold 10,000 shares of Crexendo stock. The stock was sold at an average price of $6.76, for a total value of $67,600.00.
Crexendo Trading Down 5.8%
Shares of Crexendo stock traded down $0.43 on Thursday, hitting $6.96. The stock had a trading volume of 54,858 shares, compared to its average volume of 185,114. The company's 50 day moving average price is $6.53 and its 200 day moving average price is $6.03. The stock has a market cap of $213.89 million, a price-to-earnings ratio of 69.55 and a beta of 0.88. Crexendo Inc. has a 52-week low of $3.75 and a 52-week high of $7.65.
Crexendo (NASDAQ:CXDO - Get Free Report) last issued its quarterly earnings data on Tuesday, June 7th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $4.51 million during the quarter. Crexendo had a return on equity of 11.33% and a net margin of 4.75%. Analysts predict that Crexendo Inc. will post 0.14 EPS for the current fiscal year.
Hedge Funds Weigh In On Crexendo
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Crexendo in the 2nd quarter worth about $29,000. Huntington National Bank acquired a new stake in shares of Crexendo in the second quarter worth $30,000. Bank of America Corp DE raised its stake in shares of Crexendo by 71.7% in the 4th quarter. Bank of America Corp DE now owns 6,174 shares of the company's stock valued at $32,000 after acquiring an additional 2,578 shares during the period. JPMorgan Chase & Co. purchased a new stake in Crexendo during the 2nd quarter worth $41,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Crexendo in the 2nd quarter valued at $48,000. 9.53% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have commented on CXDO shares. Northland Securities set a $10.00 price objective on shares of Crexendo in a research note on Wednesday, November 5th. D. Boral Capital increased their price objective on Crexendo from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Needham & Company LLC increased their price target on Crexendo from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, October 30th. Wall Street Zen upgraded shares of Crexendo from a "buy" rating to a "strong-buy" rating in a research report on Saturday, November 8th. Finally, Lake Street Capital raised their price objective on shares of Crexendo from $8.00 to $8.50 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $9.08.
View Our Latest Report on CXDO
About Crexendo
(
Get Free Report)
Crexendo, Inc provides cloud communication platform and services, video collaboration, and managed IT services for businesses in the United States and internationally. It operates through two segments, Cloud Telecommunications Services and Software Solutions. The Cloud Telecommunications segment provides telecommunications services that transmit calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud; and broadband Internet services, as well as develops end user portals for account and license management, and billing and customer support.
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