Crexendo (CXDO) to Release Earnings on Tuesday

Crexendo (NASDAQ:CXDO - Get Free Report) will likely be releasing its Q1 2025 earnings data after the market closes on Tuesday, May 6th. Analysts expect Crexendo to post earnings of $0.06 per share and revenue of $15.81 million for the quarter.

Crexendo Price Performance

Shares of CXDO traded up $0.16 during midday trading on Thursday, reaching $5.09. 96,985 shares of the stock were exchanged, compared to its average volume of 152,350. Crexendo has a twelve month low of $2.92 and a twelve month high of $7.34. The company has a market capitalization of $142.02 million, a price-to-earnings ratio of 169.72 and a beta of 1.33. The business's 50-day moving average price is $5.27 and its 200 day moving average price is $5.45.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CXDO shares. Craig Hallum began coverage on Crexendo in a report on Monday, April 7th. They issued a "buy" rating and a $8.00 price objective for the company. D. Boral Capital upped their price target on Crexendo from $7.00 to $10.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. Finally, B. Riley restated a "buy" rating and set a $7.50 price target (up previously from $6.75) on shares of Crexendo in a research note on Wednesday, March 5th.

Insiders Place Their Bets

In other Crexendo news, CEO Jeffrey G. Korn sold 10,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the completion of the transaction, the chief executive officer now owns 243,384 shares in the company, valued at approximately $1,460,304. This represents a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO David Tzat-Kin Wang sold 229,476 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $5.50, for a total value of $1,262,118.00. Following the completion of the transaction, the chief technology officer now owns 445,995 shares of the company's stock, valued at $2,452,972.50. The trade was a 33.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 249,476 shares of company stock worth $1,384,818. 56.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Crexendo stock. Bank of America Corp DE lifted its position in shares of Crexendo, Inc. (NASDAQ:CXDO - Free Report) by 71.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,174 shares of the company's stock after buying an additional 2,578 shares during the quarter. Bank of America Corp DE's holdings in Crexendo were worth $32,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.53% of the company's stock.

About Crexendo

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.