Key Points
- Crexendo CFO Ron Vincent sold shares in multiple transactions, including 1,450 shares on May 7 at $9.75 each for $14,137.50. Over May 4–7, he sold a larger batch of stock, reducing his direct ownership by 1.22%.
- Crexendo reported better-than-expected quarterly results, posting EPS of $0.10 versus the $0.08 estimate and revenue of $20.71 million versus the expected $19.63 million. The company also posted a 13.84% return on equity and a 6.15% net margin.
- Analysts remain constructive on the stock, with four Buy ratings and one Hold rating, giving Crexendo a consensus “Moderate Buy” and a $10.40 price target. Recent targets from Lake Street Capital and Needham were $11.00 and $12.00, respectively.
Crexendo Inc. (NASDAQ:CXDO - Get Free Report) CFO Ron Vincent sold 1,450 shares of the business's stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $9.75, for a total value of $14,137.50. Following the sale, the chief financial officer directly owned 117,087 shares in the company, valued at $1,141,598.25. This trade represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Ron Vincent also recently made the following trade(s):
- On Wednesday, May 6th, Ron Vincent sold 33,550 shares of Crexendo stock. The stock was sold at an average price of $9.36, for a total value of $314,028.00.
- On Tuesday, May 5th, Ron Vincent sold 10,000 shares of Crexendo stock. The stock was sold at an average price of $8.63, for a total value of $86,300.00.
- On Monday, May 4th, Ron Vincent sold 18,989 shares of Crexendo stock. The stock was sold at an average price of $8.14, for a total value of $154,570.46.
Crexendo Stock Up 1.2%
Shares of Crexendo stock opened at $9.47 on Tuesday. The stock's fifty day moving average is $6.74 and its 200-day moving average is $6.68. The firm has a market capitalization of $307.02 million, a PE ratio of 63.13 and a beta of 0.93. Crexendo Inc. has a 12-month low of $5.08 and a 12-month high of $9.84.
Crexendo (NASDAQ:CXDO - Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.02. The company had revenue of $20.71 million for the quarter, compared to analyst estimates of $19.63 million. Crexendo had a return on equity of 13.84% and a net margin of 6.15%. Analysts expect that Crexendo Inc. will post 0.27 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position in Crexendo by 15.9% during the first quarter. Dimensional Fund Advisors LP now owns 380,327 shares of the company's stock valued at $2,346,000 after buying an additional 52,200 shares during the period. D.A. Davidson & CO. increased its position in Crexendo by 3.5% in the 1st quarter. D.A. Davidson & CO. now owns 38,463 shares of the company's stock worth $237,000 after purchasing an additional 1,311 shares during the last quarter. Diversify Wealth Management LLC acquired a new position in Crexendo in the 1st quarter worth about $139,000. MidFirst Bank acquired a new position in Crexendo in the 4th quarter worth about $1,277,000. Finally, Strive Financial Group LLC acquired a new position in Crexendo in the 4th quarter worth about $31,000. 9.53% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. Wall Street Zen lowered Crexendo from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 23rd. Weiss Ratings raised Crexendo from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, May 6th. Lake Street Capital reissued a "buy" rating and set a $11.00 price target on shares of Crexendo in a research report on Wednesday, May 6th. Finally, Needham & Company LLC upped their price target on Crexendo from $9.00 to $12.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Crexendo currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.40.
Get Our Latest Analysis on Crexendo
Crexendo Company Profile
(
Get Free Report)
Crexendo, Inc (NASDAQ: CXDO) is a provider of cloud-based communications and collaboration solutions tailored to businesses of varying sizes. The company's flagship offering, CXsuite, integrates enterprise-grade voice, video conferencing, instant messaging, presence, and contact center functionality into a single platform delivered over the internet. By leveraging hosted infrastructure and a subscription-based model, Crexendo aims to reduce on-premises hardware costs and simplify management for IT teams and resellers.
Crexendo's product portfolio includes a multi-tenant cloud PBX, SIP trunking, session border controllers and an application programming interface (API) suite that allows partners and customers to embed real-time communications into custom workflows.
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