Arxis, Inc. (NASDAQ:ARXS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Arxis, Inc. (NASDAQ:ARXS) have been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $45.2727.

ARXS has been the topic of a number of research analyst reports. Zacks Research raised Arxis to a “hold” rating in a report on Tuesday. Wall Street Zen raised shares of Arxis to a “hold” rating in a research report on Saturday, May 2nd. Jefferies Financial Group began coverage on shares of Arxis in a research report on Monday. They issued a “buy” rating and a $42.00 target price for the company. Wells Fargo & Company began coverage on shares of Arxis in a research report on Monday. They issued an “overweight” rating and a $42.00 target price for the company. Finally, Royal Bank Of Canada assumed coverage on shares of Arxis in a research report on Monday. They issued a “sector perform” rating and a $39.00 target price for the company.

Insider Activity at Arxis

In other news, insider Ross Bradley Sealfon acquired 12,500 shares of Arxis stock in a transaction that occurred on Friday, April 17th. The stock was bought at an average price of $28.00 per share, for a total transaction of $350,000.00. Following the completion of the transaction, the insider owned 1,102,807 shares in the company, valued at $30,878,596. The trade was a 1.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen Duane Oetgen acquired 25,000 shares of Arxis stock in a transaction that occurred on Friday, April 17th. The shares were purchased at an average price of $28.00 per share, with a total value of $700,000.00. Following the transaction, the director owned 30,357 shares of the company’s stock, valued at $849,996. The trade was a 466.68% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 201,564 shares of company stock valued at $5,643,792 in the last 90 days.

Arxis Price Performance

Shares of NASDAQ:ARXS opened at $34.59 on Monday. Arxis has a 1 year low of $34.44 and a 1 year high of $39.45.

About Arxis

We are a leading designer and manufacturer of proprietary, mission-critical electronic and mechanical components engineered for cutting-edge performance in extreme environments. Leveraging significant intellectual property (“IP”) and world-class engineering capabilities, we design and deliver innovative solutions that address some of our customers’ most complex performance needs. Arxis is the result of a deliberate and disciplined strategy executed by our sponsor, Arcline, and the Arxis management team to create a purpose-built, cohesive business through targeted acquisitions with similar product and end market characteristics.