AJOVista LLC Buys New Shares in Crexendo, Inc. (NASDAQ:CXDO)

AJOVista LLC purchased a new position in Crexendo, Inc. (NASDAQ:CXDO) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 9,759 shares of the company’s stock, valued at approximately $47,000.

Crexendo Stock Performance

Crexendo stock opened at $4.73 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.69 and a quick ratio of 1.65. The firm has a fifty day moving average of $4.89 and a 200-day moving average of $4.38. Crexendo, Inc. has a 52-week low of $1.24 and a 52-week high of $7.59.

Crexendo (NASDAQ:CXDO) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Crexendo had a positive return on equity of 6.60% and a negative net margin of 0.68%. The company had revenue of $14.16 million for the quarter, compared to analyst estimates of $13.76 million. During the same period last year, the company posted $0.02 earnings per share. As a group, analysts predict that Crexendo, Inc. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. B. Riley restated a “neutral” rating and set a $6.75 price objective on shares of Crexendo in a report on Wednesday, March 6th. Lake Street Capital upped their price target on Crexendo from $5.50 to $7.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. Finally, TheStreet raised Crexendo from a “d” rating to a “c” rating in a research note on Tuesday, March 19th.

Insider Activity at Crexendo

In other Crexendo news, CTO David Tzat-Kin Wang sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $5.51, for a total value of $110,200.00. Following the completion of the sale, the chief technology officer now owns 437,402 shares of the company’s stock, valued at $2,410,085.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 56.60% 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.