Crexendo (CXDO) Projected to Post Quarterly Earnings on Tuesday

Crexendo (NASDAQ:CXDO) is expected to release its Q1 2025 earnings data after the market closes on Tuesday, May 6th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $15.81 million for the quarter.

Crexendo Price Performance

NASDAQ CXDO opened at $5.16 on Friday. The stock has a market capitalization of $143.97 million, a P/E ratio of 172.06 and a beta of 1.33. The firm’s 50-day moving average is $5.24 and its two-hundred day moving average is $5.44. Crexendo has a 12 month low of $2.92 and a 12 month high of $7.34.

Insider Activity at Crexendo

In related news, CTO David Tzat-Kin Wang sold 229,476 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $5.50, for a total transaction of $1,262,118.00. Following the completion of the transaction, the chief technology officer now directly owns 445,995 shares of the company’s stock, valued at $2,452,972.50. The trade was a 33.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey G. Korn sold 10,000 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $6.00, for a total value of $60,000.00. Following the sale, the chief executive officer now owns 243,384 shares in the company, valued at approximately $1,460,304. This trade represents a 3.95 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 249,476 shares of company stock worth $1,384,818. Corporate insiders own 56.20% of the company’s stock.

Institutional Trading of Crexendo

An institutional investor recently raised its position in Crexendo stock. Bank of America Corp DE boosted its holdings in Crexendo, Inc. (NASDAQ:CXDO) by 71.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,174 shares of the company’s stock after buying an additional 2,578 shares during the quarter. Bank of America Corp DE’s holdings in Crexendo were worth $32,000 at the end of the most recent quarter. Institutional investors and hedge funds own 9.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CXDO. Craig Hallum began coverage on shares of Crexendo in a research report on Monday, April 7th. They set a “buy” rating and a $8.00 price objective for the company. D. Boral Capital raised their price target on Crexendo from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th. Finally, B. Riley reiterated a “buy” rating and issued a $7.50 price objective (up previously from $6.75) on shares of Crexendo in a report on Wednesday, March 5th.

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.