Crexendo Inc. (NASDAQ:CXDO) Receives $9.08 Consensus PT from Analysts

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

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

Insider Activity

In related news, COO Douglas Walter Gaylor sold 10,000 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $7.17, for a total value of $71,700.00. Following the sale, the chief operating officer directly owned 243,135 shares of the company’s stock, valued at approximately $1,743,277.95. The trade was a 3.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ron Vincent sold 15,000 shares of the stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $7.05, for a total value of $105,750.00. Following the transaction, the chief financial officer owned 175,809 shares of the company’s stock, valued at approximately $1,239,453.45. This trade represents a 7.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 65,000 shares of company stock worth $470,210 over the last quarter. 47.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CXDO. BNP Paribas Financial Markets grew its holdings 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 worth $29,000 after buying an additional 2,782 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in Crexendo during the 2nd quarter worth approximately $29,000. Huntington National Bank bought a new position in shares of Crexendo during the 2nd quarter worth approximately $30,000. Bank of America Corp DE raised its holdings in shares of Crexendo by 71.7% in the fourth quarter. Bank of America Corp DE now owns 6,174 shares of the company’s stock valued at $32,000 after purchasing an additional 2,578 shares during the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Crexendo in the second quarter worth $41,000. 9.53% of the stock is owned by institutional investors and hedge funds.

Crexendo Trading Up 0.3%

Crexendo stock opened at $6.60 on Friday. The firm has a market capitalization of $202.82 million, a P/E ratio of 44.00 and a beta of 0.92. Crexendo has a 1 year low of $3.75 and a 1 year high of $7.65. The business has a 50-day moving average of $6.69 and a 200-day moving average of $6.36.

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