Crexendo (NASDAQ:CXDO) Given New $9.00 Price Target at Lake Street Capital

Crexendo (NASDAQ:CXDO) had its target price boosted by Lake Street Capital from $8.50 to $9.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages have also recently weighed in on CXDO. Wall Street Zen cut Crexendo from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 23rd. B. Riley Financial reiterated a “buy” rating and issued a $8.00 target price (up from $7.50) on shares of Crexendo in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Crexendo in a research report on Friday, January 9th. Needham & Company LLC restated a “buy” rating on shares of Crexendo in a report on Monday. Finally, Northland Securities set a $10.00 price objective on shares of Crexendo in a research note on Wednesday, November 5th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $9.17.

Crexendo Stock Performance

Shares of CXDO opened at $6.49 on Tuesday. The stock has a market capitalization of $199.44 million, a PE ratio of 43.27 and a beta of 0.98. The company’s fifty day moving average is $6.59 and its 200 day moving average is $6.55. Crexendo has a fifty-two week low of $3.75 and a fifty-two week high of $7.80.

Hedge Funds Weigh In On Crexendo

A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its stake in shares of Crexendo by 172.6% during the third quarter. BNP Paribas Financial Markets now owns 4,394 shares of the company’s stock valued at $29,000 after acquiring an additional 2,782 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new position in Crexendo during the 2nd quarter worth $29,000. Strive Financial Group LLC bought a new stake in Crexendo during the 4th quarter valued at $31,000. Huntington National Bank bought a new stake in Crexendo during the 2nd quarter valued at $30,000. Finally, Bank of America Corp DE lifted its holdings in shares of Crexendo by 71.7% in the 4th quarter. Bank of America Corp DE now owns 6,174 shares of the company’s stock worth $32,000 after buying an additional 2,578 shares during the period. 9.53% of the stock is currently owned by institutional investors.

Key Crexendo News

Here are the key news stories impacting Crexendo this week:

• Positive Sentiment: Quarterly EPS beat consensus — reported $0.09 vs. $0.08 expected, surprising investors on the upside. Crexendo (CXDO) Q4 Earnings and Revenues Beat Estimates
• Positive Sentiment: Fundamentals showed year-over-year improvement: revenue growth (~11%), higher gross profit and a meaningful rise in net income and cash balances — items investors view as evidence of operating momentum. Crexendo Inc. (CXDO) stock falls on Q4 2025 Earnings
• Positive Sentiment: Completed acquisition of Estech Systems — company calls the deal “highly accretive” and frames it as a strategic step toward becoming a $100M cloud-communications company, which supports longer-term revenue scaling. Crexendo Completes Highly Accretive Acquisition of Estech Systems, Creating Pathway to $100 Million Cloud Communications Company
• Positive Sentiment: Analyst upgrade / target lift — Lake Street raised its price target to $9.00 and maintains a buy, which can support positive sentiment and buying interest. Benzinga
• Neutral Sentiment: Higher trading volume and proximity to 50/200-day moving averages indicate the stock is trading at technically important levels; that can amplify moves in either direction depending on follow-through.
• Neutral Sentiment: Short-interest data posted in feeds appears inconsistent (reported as zero / NaN), so there’s no clear short-covering dynamic to explain the move.
• Negative Sentiment: Revenue slightly missed some street estimates (company ~ $18.06M vs. various estimates around $18.14–18.5M), which tempers the EPS beat and could limit upside if growth expectations slip. Compared to Estimates, Crexendo (CXDO) Q4 Earnings: A Look at Key Metrics
• Negative Sentiment: Third‑party feeds show mixed/contradictory per‑share figures and note recent insider selling, which may create caution among some investors. Crexendo Inc. (CXDO) stock falls on Q4 2025 Earnings

About Crexendo

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.