Crexendo (CXDO) Projected to Post 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 announce its Q2 2025 earnings results after the market closes on Tuesday, August 5th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $16.27 million for the quarter.

Crexendo Stock Performance

Shares of Crexendo stock traded down $0.27 during trading on Friday, hitting $5.30. 195,297 shares of the company's stock were exchanged, compared to its average volume of 190,191. The business has a 50-day simple moving average of $5.71 and a 200-day simple moving average of $5.58. Crexendo has a 52-week low of $3.62 and a 52-week high of $7.34. The stock has a market capitalization of $153.86 million, a price-to-earnings ratio of 66.26 and a beta of 1.15.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

Institutional Trading of Crexendo

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new stake in shares of Crexendo during the first quarter worth about $431,000. NewEdge Advisors LLC increased its stake in shares of Crexendo by 28.1% during the first quarter. NewEdge Advisors LLC now owns 74,125 shares of the company's stock worth $361,000 after purchasing an additional 16,267 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Crexendo by 71.7% during the fourth quarter. Bank of America Corp DE now owns 6,174 shares of the company's stock worth $32,000 after purchasing an additional 2,578 shares in the last quarter. Hedge funds and other institutional investors own 9.53% of the company's stock.

Crexendo Company Profile

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.