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

September 17, 2017 - By Adrian Erickson

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 Limited Company owns 0.49% invested in Exa Corp (NASDAQ:EXA) for 1.38M shares. Morgan Stanley holds 0% or 40,365 shares. Parametric Portfolio Ltd Liability Company holds 71,842 shares or 0% of its portfolio. Manufacturers Life The reported 9,862 shares. California-based Blackrock Institutional Trust Na has invested 0% in Exa Corp (NASDAQ:EXA). Envestnet Asset Mgmt holds 5,628 shares or 0% of its portfolio. Ranger Investment Mngmt Limited Partnership has invested 0.02% of its portfolio in Exa Corp (NASDAQ:EXA). Millennium Management Lc accumulated 31,173 shares. Bridgeway Capital Mgmt accumulated 0.02% or 85,199 shares. Wasatch Advsrs owns 0.1% invested in Exa Corp (NASDAQ:EXA) for 422,404 shares. Strs Ohio reported 0% stake. California Public Employees Retirement invested 0% of its portfolio in Exa Corp (NASDAQ:EXA). Royal National Bank Of Canada accumulated 9,795 shares. Schwab Charles Inv holds 0% or 32,080 shares. 61,106 were reported by Martingale Asset Mgmt Limited Partnership.

Since April 3, 2017, it had 0 insider purchases, and 3 selling transactions 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 expect Exa Corp (NASDAQ:EXA) to report $-0.05 EPS on November, 29.They anticipate $0.06 EPS change or 600.00 % from last quarter’s $0.01 EPS. After having $-0.17 EPS previously, Exa Corp’s analysts see -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. Needham maintained Exa Corp (NASDAQ:EXA) on Tuesday, August 30 with “Buy” rating. The rating was reinitiated by Needham on Thursday, December 22 with “Buy”. Needham maintained the shares of EXA in report on Thursday, December 1 with “Buy” rating. As per Monday, August 28, the company rating was maintained by Stifel Nicolaus. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, August 30 report. The firm earned “Hold” rating on Monday, August 28 by Canaccord Genuity. Canaccord Genuity maintained it with “Buy” rating and $13 target in Wednesday, September 2 report. The firm has “Hold” rating given on Friday, March 17 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 Globenewswire.com with their article: “Exa and BP sign Multi-Year Commercial Agreement for Exa DigitalROCK Relative …” published on May 02, 2017, Seekingalpha.com published: “Exa Corporation’s (EXA) CEO Steve Remondi on Q4 2017 Results – Earnings Call …” on March 17, 2017. More interesting news about Exa Corp (NASDAQ:EXA) were released by: Seekingalpha.com and their article: “Exa Corporation’s (EXA) CEO Steve Remondi on Q1 2018 Results – Earnings Call …” published on May 25, 2017 as well as Gurufocus.com‘s news article titled: “George Soros Boosts Exa Corp 15%” with publication date: September 14, 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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