B. Riley Estimates Crexendo’s FY2025 Earnings (NASDAQ:CXDO)

Crexendo Inc. (NASDAQ:CXDO) – Research analysts at B. Riley raised their FY2025 earnings estimates for shares of Crexendo in a research note issued on Wednesday, November 5th. B. Riley analyst J. Nichols now forecasts that the company will post earnings per share of $0.26 for the year, up from their prior forecast of $0.25. B. Riley has a “Buy” rating and a $8.00 price target on the stock. The consensus estimate for Crexendo’s current full-year earnings is $0.14 per share.

Crexendo (NASDAQ:CXDO) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $4.51 million during the quarter. Crexendo had a net margin of 4.75% and a return on equity of 11.33%.

A number of other equities analysts have also recently commented on the company. Needham & Company LLC lifted their price target on Crexendo from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, October 30th. Lake Street Capital lifted their target price on shares of Crexendo from $8.00 to $8.50 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Northland Securities set a $10.00 price target on shares of Crexendo in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Crexendo in a report on Tuesday, October 14th. Finally, Wall Street Zen raised shares of Crexendo from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $9.08.

Crexendo Price Performance

Shares of CXDO stock opened at $6.66 on Monday. The business has a 50-day moving average of $6.47 and a 200 day moving average of $5.98. Crexendo has a 1-year low of $3.75 and a 1-year high of $7.34. The stock has a market capitalization of $204.67 million, a PE ratio of 66.61 and a beta of 0.88.

Institutional Investors Weigh In On Crexendo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings in Crexendo by 384.1% in the first quarter. Acadian Asset Management LLC now owns 337,787 shares of the company’s stock worth $1,643,000 after purchasing an additional 268,004 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Crexendo by 120.1% in the 2nd quarter. Geode Capital Management LLC now owns 318,001 shares of the company’s stock worth $1,930,000 after buying an additional 173,530 shares during the period. Pembroke Management LTD increased its stake in shares of Crexendo by 209.3% in the 3rd quarter. Pembroke Management LTD now owns 195,371 shares of the company’s stock worth $1,270,000 after acquiring an additional 132,201 shares in the last quarter. Perkins Capital Management Inc. lifted its position in Crexendo by 241.2% during the 1st quarter. Perkins Capital Management Inc. now owns 170,600 shares of the company’s stock valued at $831,000 after acquiring an additional 120,600 shares during the period. Finally, Informed Momentum Co LLC purchased a new position in Crexendo during the 1st quarter valued at about $551,000. 9.53% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Crexendo

In related news, COO Douglas Walter Gaylor sold 10,000 shares of the 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 completion of the transaction, the chief operating officer directly owned 238,531 shares of the company’s stock, valued at $1,612,469.56. This represents a 4.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Ron Vincent sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $7.05, for a total transaction of $105,750.00. Following the completion of the sale, the chief financial officer owned 175,809 shares of the company’s stock, valued at $1,239,453.45. This trade represents a 7.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 35,000 shares of company stock valued at $244,750. Company insiders own 47.20% of the company’s stock.

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.