Crexendo (CXDO) to Release Quarterly Earnings on Tuesday

Crexendo (NASDAQ:CXDO) will likely be releasing its Q1 2025 earnings data after the market closes on Tuesday, May 6th. Analysts expect Crexendo to post earnings of $0.06 per share and revenue of $15.81 million for the quarter.

Crexendo Stock Up 3.4 %

CXDO opened at $4.91 on Tuesday. The stock has a market cap of $136.99 million, a price-to-earnings ratio of 163.72 and a beta of 1.33. Crexendo has a twelve month low of $2.92 and a twelve month high of $7.34. The company’s 50-day moving average price is $5.38 and its two-hundred day moving average price is $5.46.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CXDO. Craig Hallum began coverage on shares of Crexendo in a research note on Monday, April 7th. They issued a “buy” rating and a $8.00 target price on the stock. B. Riley reiterated a “buy” rating and issued a $7.50 price objective (up from $6.75) on shares of Crexendo in a research note on Wednesday, March 5th. Finally, D. Boral Capital increased their target price on Crexendo from $7.00 to $10.00 and gave the stock a “buy” rating in a research report on Thursday, March 6th.

Insider Activity

In related news, CEO Jeffrey G. Korn sold 10,000 shares of Crexendo stock in a transaction on Monday, March 10th. The stock was sold at an average price of $6.00, for a total transaction of $60,000.00. Following the completion of the sale, the chief executive officer now owns 243,384 shares of the company’s stock, valued at approximately $1,460,304. This trade represents a 3.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO David Tzat-Kin Wang sold 229,476 shares of Crexendo stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $5.50, for a total value of $1,262,118.00. Following the sale, the chief technology officer now directly owns 445,995 shares of the company’s stock, valued at $2,452,972.50. This represents a 33.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 249,476 shares of company stock worth $1,384,818. 56.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Crexendo

A hedge fund recently raised its stake in Crexendo stock. Bank of America Corp DE boosted its holdings in shares of Crexendo, Inc. (NASDAQ:CXDO) by 71.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,174 shares of the company’s stock after buying an additional 2,578 shares during the period. Bank of America Corp DE’s holdings in Crexendo were worth $32,000 as of its most recent SEC filing. Institutional investors own 9.53% 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.