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

Crexendo Inc. (NASDAQ:CXDO) has been given an average rating of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $9.1667.

Several brokerages have weighed in on CXDO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Crexendo in a research report on Friday, January 9th. Lake Street Capital lifted their price target on Crexendo from $8.50 to $9.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Wall Street Zen cut Crexendo from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Needham & Company LLC restated a “buy” rating on shares of Crexendo in a report on Monday, March 2nd.

Crexendo Stock Down 1.7%

Crexendo stock opened at $6.55 on Thursday. The company’s fifty day simple moving average is $6.62 and its 200-day simple moving average is $6.59. Crexendo has a 12 month low of $3.75 and a 12 month high of $7.80. The stock has a market cap of $204.03 million, a P/E ratio of 38.53 and a beta of 0.98.

Crexendo (NASDAQ:CXDO) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $18.06 million during the quarter, compared to analyst estimates of $18.14 million. Crexendo had a return on equity of 13.74% and a net margin of 7.44%. On average, equities research analysts expect that Crexendo will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Crexendo news, CTO David Tzat-Kin Wang sold 20,482 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $7.00, for a total value of $143,374.00. Following the completion of the sale, the chief technology officer directly owned 629,949 shares of the company’s stock, valued at $4,409,643. The trade was a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 47.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CXDO. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Crexendo in the 2nd quarter valued at $29,000. BNP Paribas Financial Markets increased its position in Crexendo by 172.6% during the third quarter. BNP Paribas Financial Markets now owns 4,394 shares of the company’s stock worth $29,000 after buying an additional 2,782 shares during the last quarter. Strive Financial Group LLC bought a new position in Crexendo during the fourth quarter valued at about $31,000. Bank of America Corp DE raised its holdings in 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 buying an additional 2,578 shares in the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Crexendo in the second quarter worth about $41,000. Institutional investors own 9.53% of the company’s stock.

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.