Crexendo Inc. (NASDAQ:CXDO) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts have assigned Crexendo a consensus rating of Moderate Buy (four Buy, one Hold) with an average 12‑month price target of $9.40.
• Recent results showed EPS of $0.09 beating the $0.08 estimate while revenue was $18.06M (slightly below estimates); the stock trades near $5.94 with a market cap of about $185M and a PE of 34.94.
• CTO David Tzat‑Kin Wang sold 20,482 shares at $7 on March 9, yet insiders still own 47.20% of the company while institutional investors hold roughly 9.53%.

Crexendo Inc. (NASDAQ:CXDO - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $9.40.

A number of research analysts have weighed in on CXDO shares. Needham & Company LLC reaffirmed a "buy" rating on shares of Crexendo in a report on Monday, March 2nd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Crexendo in a report on Wednesday. Lake Street Capital lifted their target price on Crexendo from $8.50 to $9.00 and gave the company a "buy" rating in a report on Tuesday, March 3rd. Finally, Wall Street Zen lowered Crexendo from a "strong-buy" rating to a "buy" rating in a report on Friday, January 23rd.

Crexendo Price Performance

CXDO stock opened at $5.94 on Monday. The firm has a market capitalization of $185.03 million, a PE ratio of 34.94 and a beta of 0.94. Crexendo has a twelve month low of $4.14 and a twelve month high of $7.80. The stock has a 50-day simple moving average of $6.33 and a two-hundred day simple moving average of $6.54.

Crexendo (NASDAQ:CXDO - Get Free Report) last posted its earnings results on Tuesday, March 3rd. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $18.06 million during the quarter, compared to analyst estimates of $18.14 million. Crexendo had a return on equity of 13.74% and a net margin of 7.44%. On average, equities research analysts anticipate that Crexendo will post 0.14 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO David Tzat-Kin Wang sold 20,482 shares of Crexendo stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $7.00, for a total transaction of $143,374.00. Following the completion of the sale, the chief technology officer owned 629,949 shares in the company, valued at approximately $4,409,643. This trade represents a 3.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 47.20% of the stock is owned by insiders.

Institutional Trading of Crexendo

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its position in shares of Crexendo by 172.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,394 shares of the company's stock valued at $29,000 after acquiring an additional 2,782 shares during the last quarter. Strive Financial Group LLC bought a new stake in shares of Crexendo during the 4th quarter valued at about $31,000. Bank of America Corp DE boosted its position in shares of Crexendo by 71.7% during the 4th quarter. Bank of America Corp DE now owns 6,174 shares of the company's stock valued at $32,000 after acquiring an additional 2,578 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Crexendo during the 2nd quarter valued at about $41,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Crexendo during the 2nd quarter valued at about $48,000. Institutional investors own 9.53% of the company's stock.

Crexendo Company Profile

Crexendo, Inc NASDAQ: CXDO is a provider of cloud-based communications and collaboration solutions tailored to businesses of varying sizes. The company's flagship offering, CXsuite, integrates enterprise-grade voice, video conferencing, instant messaging, presence, and contact center functionality into a single platform delivered over the internet. By leveraging hosted infrastructure and a subscription-based model, Crexendo aims to reduce on-premises hardware costs and simplify management for IT teams and resellers.

Crexendo's product portfolio includes a multi-tenant cloud PBX, SIP trunking, session border controllers and an application programming interface (API) suite that allows partners and customers to embed real-time communications into custom workflows.

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