Could Exa Corp (EXA) See a Reversal After This Very Strong Session?

September 17, 2017 - By Ellis Scott

Investors sentiment decreased to 2 in Q4 2016. Its down 0.15, from 2.15 in 2016Q3. It dropped, 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.
Retail Bank Of Montreal Can reported 7,922 shares stake. Renaissance Techs Ltd Liability Company has invested 0.01% in Exa Corp (NASDAQ:EXA). Intll invested in 7,974 shares. Cap Rech Global has invested 0.01% in Exa Corp (NASDAQ:EXA). 61,106 were reported by Martingale Asset Mgmt L P. Deutsche Bancorp Ag has 8,030 shares for 0% of their portfolio. Ranger Inv Management Lp owns 15,117 shares for 0.02% of their portfolio. Blackrock Institutional Communications Na reported 147,696 shares. California Pub Employees Retirement System invested in 20,600 shares. Tiaa Cref Inv Mgmt Ltd Liability Corp reported 45,647 shares stake. Next Century Growth Invsts Ltd reported 61,231 shares stake. Redmond Asset Management Ltd Liability Com reported 18,729 shares or 0.13% of all its holdings. Geode Mgmt Limited Liability Co accumulated 91,790 shares or 0% of the stock. Grp Inc One Trading Ltd Partnership owns 200 shares for 0% of their portfolio. Acadian Asset Mngmt invested 0% of its portfolio in Exa Corp (NASDAQ:EXA).

Since April 3, 2017, it had 0 insider purchases, and 3 sales for $40,441 activity. SHIELDS JOHN J sold $13,751 worth of stock.

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.

Wall Street await Exa Corp (NASDAQ:EXA) to release earnings on November, 29. Analysts forecast earnings per share of $-0.05, down exactly $0.06 or 600.00 % from 2014’s $0.01 EPS. After posting $-0.17 EPS for the previous quarter, Exa Corp’s analysts now forecast -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 Exa Corp (NASDAQ:EXA) rating on Wednesday, September 2. Canaccord Genuity has “Buy” rating and $13 target. Canaccord Genuity downgraded the stock to “Hold” rating in Friday, March 17 report. Canaccord Genuity maintained Exa Corp (NASDAQ:EXA) rating on Tuesday, August 30. Canaccord Genuity has “Buy” rating and $18 target. As per Monday, August 28, the company rating was maintained by Canaccord Genuity. As per Monday, August 28, the company rating was maintained by Stifel Nicolaus. The firm earned “Buy” rating on Tuesday, August 30 by Needham. On Thursday, December 1 the stock rating was maintained by Needham with “Buy”. The firm earned “Buy” rating on Thursday, December 22 by Needham.

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