Crexendo, Inc. (NASDAQ:CXDO – Get Rating) CEO Steven G. Mihaylo purchased 355,295 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were acquired at an average cost of $2.76 per share, with a total value of $980,614.20. Following the completion of the acquisition, the chief executive officer now directly owns 10,949,688 shares in the company, valued at $30,221,138.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of CXDO traded up $0.10 during midday trading on Wednesday, reaching $3.10. 119 shares of the stock were exchanged, compared to its average volume of 20,801. The business’s 50-day moving average price is $3.25 and its 200 day moving average price is $4.18. Crexendo, Inc. has a twelve month low of $2.10 and a twelve month high of $7.20. The company has a market capitalization of $69.50 million, a price-to-earnings ratio of -21.86 and a beta of 1.45.
Crexendo (NASDAQ:CXDO – Get Rating) last posted its earnings results on Monday, March 21st. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Crexendo had a negative return on equity of 0.86% and a negative net margin of 9.29%. The firm had revenue of $9.00 million for the quarter, compared to analyst estimates of $8.84 million. During the same quarter last year, the firm posted $0.37 EPS. As a group, equities research analysts expect that Crexendo, Inc. will post 0.05 earnings per share for the current year.
CXDO has been the subject of a number of recent analyst reports. Lake Street Capital decreased their price target on Crexendo from $9.00 to $7.00 and set a “buy” rating for the company in a report on Tuesday, March 22nd. Zacks Investment Research downgraded Crexendo from a “hold” rating to a “strong sell” rating in a report on Monday. Finally, B. Riley decreased their price target on Crexendo from $6.50 to $4.00 in a report on Friday, May 13th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. According to MarketBeat, Crexendo currently has an average rating of “Buy” and a consensus price target of $6.88.
About Crexendo (Get Rating)
Crexendo, Inc provides cloud communication, unified communications as a service, call center, collaboration, and other cloud business services for businesses in the United States, Canada, and internationally. It operates through two segments, Cloud Telecommunications and Web Services. 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 resells broadband Internet services.
- Get a free copy of the StockNews.com research report on Crexendo (CXDO)
- Shoe Carnival’s Q1 Results Are No Joke, Shares Fall 15%
- Dynatrace: Fundamentals are Positive While Being Punished
- Analog Devices Is Ready To Scale New Highs Despite Tech Wreck
- Now’s The Time To Buy Disney (NYSE: DIS)
- Target Follows Walmart Lower In A Downward Spiral Of Inflation
Receive News & Ratings for Crexendo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Crexendo and related companies with MarketBeat.com's FREE daily email newsletter.