Analysts Set Crexendo Inc. (NASDAQ:CXDO) Target Price at $9.08

Shares of Crexendo Inc. (NASDAQ:CXDO) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $9.0833.

Several research analysts have recently issued reports on the stock. D. Boral Capital upped their price target on shares of Crexendo from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Crexendo in a report on Tuesday, October 14th. Northland Securities set a $10.00 price target on Crexendo in a research note on Wednesday, November 5th. Wall Street Zen upgraded Crexendo from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 8th. Finally, 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 note on Wednesday, August 6th.

Insider Buying and Selling at Crexendo

In related news, CFO Ron Vincent sold 15,000 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $7.05, for a total value of $105,750.00. Following the completion of the sale, the chief financial officer directly owned 175,809 shares in the company, valued at $1,239,453.45. This represents a 7.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Douglas Walter Gaylor sold 10,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $7.17, for a total value of $71,700.00. Following the transaction, the chief operating officer directly owned 243,135 shares of the company’s stock, valued at approximately $1,743,277.95. This represents a 3.95% 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 75,000 shares of company stock worth $537,810. 47.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Crexendo

Institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC raised its position in shares of Crexendo by 384.1% during the first quarter. Acadian Asset Management LLC now owns 337,787 shares of the company’s stock worth $1,643,000 after acquiring an additional 268,004 shares during the last quarter. Geode Capital Management LLC raised its holdings in Crexendo by 120.1% during the 2nd quarter. Geode Capital Management LLC now owns 318,001 shares of the company’s stock worth $1,930,000 after purchasing an additional 173,530 shares during the last quarter. Pembroke Management LTD raised its holdings in Crexendo by 209.3% during the 3rd quarter. Pembroke Management LTD now owns 195,371 shares of the company’s stock worth $1,270,000 after purchasing an additional 132,201 shares during the last quarter. Perkins Capital Management Inc. lifted its position 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 during the period. Finally, Informed Momentum Co LLC bought a new stake in shares of Crexendo in the 1st quarter valued at $551,000. Institutional investors and hedge funds own 9.53% of the company’s stock.

Crexendo Trading Up 0.4%

CXDO opened at $6.81 on Friday. The company has a market cap of $209.28 million, a P/E ratio of 68.11 and a beta of 0.88. The company’s 50 day moving average is $6.54 and its 200-day moving average is $6.06. Crexendo has a 1-year low of $3.75 and a 1-year high of $7.65.

Crexendo (NASDAQ:CXDO) last issued its quarterly earnings data on Tuesday, June 7th. The company reported $0.02 EPS for the quarter. Crexendo had a net margin of 4.75% and a return on equity of 11.33%. The business had revenue of $4.51 million during the quarter. On average, equities analysts forecast that Crexendo will post 0.14 EPS for the current year.

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.