Crexendo Inc. (NASDAQ:CXDO) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Crexendo Inc. (NASDAQ:CXDO) have been given an average recommendation of “Moderate Buy” by the six research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $9.0833.

Several equities analysts recently issued reports on CXDO shares. Wall Street Zen upgraded shares of Crexendo from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 8th. B. Riley reiterated a “buy” rating and set a $8.00 target price (up previously from $7.50) on shares of Crexendo in a report on Wednesday, November 5th. Weiss Ratings restated a “hold (c)” rating on shares of Crexendo in a research note on Tuesday, October 14th. Needham & Company LLC lifted their price target on Crexendo from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Northland Securities set a $10.00 price objective on Crexendo in a report on Wednesday, November 5th.

Insider Transactions at Crexendo

In related news, CEO Jeffrey G. Korn sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $7.25, for a total transaction of $72,500.00. Following the sale, the chief executive officer owned 230,398 shares of the company’s stock, valued at $1,670,385.50. The trade was a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Ron Vincent sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $7.38, for a total transaction of $73,800.00. Following the transaction, the chief financial officer directly owned 165,809 shares of the company’s stock, valued at $1,223,670.42. This represents a 5.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,000 shares of company stock valued at $470,210 in the last three months. 47.20% of the stock is currently owned by company insiders.

Institutional Trading of Crexendo

A number of hedge funds have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey bought a new position in Crexendo during the 2nd quarter valued at approximately $29,000. BNP Paribas Financial Markets grew its stake in shares of Crexendo by 172.6% in the third quarter. BNP Paribas Financial Markets now owns 4,394 shares of the company’s stock worth $29,000 after acquiring an additional 2,782 shares during the last quarter. Huntington National Bank purchased a new stake in shares of Crexendo in the second quarter worth $30,000. Bank of America Corp DE increased its holdings in shares of 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 acquiring an additional 2,578 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new position in shares of Crexendo in the 2nd quarter worth about $41,000. 9.53% of the stock is owned by institutional investors.

Crexendo Stock Up 2.5%

Shares of CXDO stock opened at $6.63 on Friday. The stock has a fifty day moving average of $6.67 and a 200 day moving average of $6.32. Crexendo has a 52 week low of $3.75 and a 52 week high of $7.65. The firm has a market capitalization of $203.74 million, a price-to-earnings ratio of 44.20 and a beta of 0.92.

Crexendo (NASDAQ:CXDO) last issued its quarterly earnings data on Tuesday, June 7th. The company reported $0.02 earnings per share (EPS) for the quarter. Crexendo had a net margin of 6.58% and a return on equity of 13.09%. The business had revenue of $4.51 million for the quarter. Equities research analysts anticipate that Crexendo will post 0.14 earnings per share for the current year.

Crexendo Company Profile

Crexendo, Inc (NASDAQ: CXDO) is a provider of cloud-based communications and collaboration solutions tailored to businesses of varying sizes. The company’s flagship offering, CXsuite, integrates enterprise-grade voice, video conferencing, instant messaging, presence, and contact center functionality into a single platform delivered over the internet. By leveraging hosted infrastructure and a subscription-based model, Crexendo aims to reduce on-premises hardware costs and simplify management for IT teams and resellers.

Crexendo’s product portfolio includes a multi-tenant cloud PBX, SIP trunking, session border controllers and an application programming interface (API) suite that allows partners and customers to embed real-time communications into custom workflows.