Crexendo (CXDO) to Release Earnings on Tuesday

Key Points

• Crexendo (CXDO) is set to release its Q2 2025 earnings results on August 5th, with expected earnings of $0.06 per share and revenue of $16.27 million.
• CTO David Tzat-Kin Wang sold 392,610 shares at an average price of $4.90, resulting in a significant 46.82% decrease in his ownership of Crexendo stock.
• Analysts generally maintain a "buy" rating on Crexendo with an average price target of $8.38, although Wall Street Zen recently downgraded its rating from "strong-buy" to "buy."

Crexendo (NASDAQ:CXDO - Get Free Report) is anticipated to post its Q2 2025 quarterly earnings results after the market closes on Tuesday, August 5th. Analysts expect Crexendo to post earnings of $0.06 per share and revenue of $16.27 million for the quarter.

Crexendo Stock Performance

Crexendo stock opened at $5.76 on Tuesday. The company has a 50 day moving average price of $5.72 and a 200 day moving average price of $5.58. The firm has a market capitalization of $167.22 million, a price-to-earnings ratio of 72.01 and a beta of 1.15. Crexendo has a 52 week low of $3.62 and a 52 week high of $7.34.

Insider Activity

In other news, CTO David Tzat-Kin Wang sold 392,610 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $4.90, for a total transaction of $1,923,789.00. Following the transaction, the chief technology officer directly owned 445,995 shares in the company, valued at approximately $2,185,375.50. This represents a 46.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 406,210 shares of company stock worth $2,012,473 in the last quarter. 56.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Crexendo

Several large investors have recently bought and sold shares of CXDO. Bank of America Corp DE increased its stake in Crexendo by 71.7% in the fourth quarter. Bank of America Corp DE now owns 6,174 shares of the company's stock valued at $32,000 after purchasing an additional 2,578 shares in the last quarter. NewEdge Advisors LLC increased its stake in Crexendo by 28.1% in the first quarter. NewEdge Advisors LLC now owns 74,125 shares of the company's stock valued at $361,000 after purchasing an additional 16,267 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Crexendo in the first quarter valued at approximately $431,000. 9.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CXDO. Wall Street Zen lowered shares of Crexendo from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Needham & Company LLC began coverage on shares of Crexendo in a research note on Tuesday, July 1st. They issued a "buy" rating and a $8.00 price objective for the company. D. Boral Capital reaffirmed a "buy" rating and issued a $10.00 price objective on shares of Crexendo in a research note on Wednesday, May 7th. Finally, Craig Hallum assumed coverage on shares of Crexendo in a report on Monday, April 7th. They issued a "buy" rating and a $8.00 target price on the stock. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $8.38.

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.

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