Crexendo (NASDAQ:CXDO) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Crexendo's stock received a "hold (C)" rating from Weiss Ratings, with varying opinions from other brokerages suggesting a mixed outlook.
• Crexendo's stock is currently trading at $6.12, showing a slight decline of 1.1%, and has a market cap of $184.61 million.
• Recent insider transactions include CFO Ron Vincent selling 8,200 shares, reducing his ownership by 4.53%, while overall company insiders hold 56.20% of the company's stock.

Crexendo (NASDAQ:CXDO - Get Free Report)'s stock had its "hold (c)" rating reiterated by investment analysts at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

A number of other brokerages have also recently commented on CXDO. D. Boral Capital boosted their price target on Crexendo from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Lake Street Capital upped their price objective on Crexendo from $8.00 to $8.50 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Needham & Company LLC assumed coverage on Crexendo in a research report on Tuesday, July 1st. They issued a "buy" rating and a $8.00 price objective on the stock. Finally, Wall Street Zen cut Crexendo from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 5th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Crexendo has an average rating of "Moderate Buy" and a consensus target price of $8.60.

Crexendo Trading Down 1.1%

Crexendo stock traded down $0.07 during trading hours on Tuesday, hitting $6.12. 34,894 shares of the stock traded hands, compared to its average volume of 186,325. The firm's 50-day moving average price is $6.36 and its two-hundred day moving average price is $5.72. The company has a market cap of $184.61 million, a PE ratio of 61.20 and a beta of 0.83. Crexendo has a one year low of $3.75 and a one year high of $7.34.

Crexendo (NASDAQ:CXDO - Get Free Report) last posted its quarterly earnings data on Tuesday, June 7th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $4.51 million for the quarter. Crexendo had a return on equity of 11.33% and a net margin of 4.75%. On average, sell-side analysts expect that Crexendo will post 0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Crexendo news, CFO Ron Vincent sold 8,200 shares of the stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $6.52, for a total value of $53,464.00. Following the transaction, the chief financial officer owned 172,747 shares of the company's stock, valued at approximately $1,126,310.44. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Douglas Walter Gaylor sold 10,000 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $6.76, for a total value of $67,600.00. Following the sale, the chief operating officer owned 238,531 shares of the company's stock, valued at approximately $1,612,469.56. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,400 shares of company stock worth $141,896. Company insiders own 56.20% of the company's stock.

Hedge Funds Weigh In On Crexendo

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its holdings in Crexendo by 71.7% during the fourth quarter. Bank of America Corp DE now owns 6,174 shares of the company's stock valued at $32,000 after buying an additional 2,578 shares during the last quarter. Detalus Advisors LLC bought a new stake in shares of Crexendo during the 1st quarter valued at $49,000. Perkins Capital Management Inc. increased its stake in shares of Crexendo by 241.2% in the 1st quarter. Perkins Capital Management Inc. now owns 170,600 shares of the company's stock worth $831,000 after purchasing an additional 120,600 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of Crexendo by 23.3% in the 1st quarter. GSA Capital Partners LLP now owns 115,521 shares of the company's stock worth $563,000 after purchasing an additional 21,810 shares in the last quarter. Finally, Bard Associates Inc. raised its holdings in Crexendo by 13.3% in the 1st quarter. Bard Associates Inc. now owns 666,093 shares of the company's stock worth $3,244,000 after purchasing an additional 77,968 shares during the period. 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.

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