Crexendo Inc. (NASDAQ:CXDO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Crexendo Inc. (NASDAQ:CXDO) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $9.0833.

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Crexendo from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Crexendo in a report on Tuesday, October 14th. Northland Securities set a $10.00 price target on Crexendo in a research note on Wednesday, November 5th. Needham & Company LLC upped their price target on Crexendo from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, Lake Street Capital lifted their price objective on Crexendo from $8.00 to $8.50 and gave the stock a “buy” rating in a report on Wednesday, August 6th.

Crexendo Price Performance

Crexendo stock opened at $6.78 on Friday. The stock’s 50 day moving average price is $6.53 and its 200 day moving average price is $6.03. Crexendo has a 1-year low of $3.75 and a 1-year high of $7.65. The company has a market cap of $208.36 million, a PE ratio of 67.81 and a beta of 0.88.

Crexendo (NASDAQ:CXDO) last released its quarterly earnings data on Tuesday, June 7th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $4.51 million during the quarter. Crexendo had a return on equity of 11.33% and a net margin of 4.75%. On average, equities research analysts anticipate that Crexendo will post 0.14 EPS for the current fiscal year.

Insider Transactions at Crexendo

In other news, COO Douglas Walter Gaylor sold 10,000 shares of Crexendo stock in a transaction on Monday, November 10th. The stock was sold at an average price of $7.17, for a total transaction of $71,700.00. Following the completion of the transaction, the chief operating officer owned 243,135 shares of the company’s stock, valued at $1,743,277.95. The trade was a 3.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Ron Vincent sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $7.05, for a total transaction of $105,750.00. Following the completion of the sale, the chief financial officer owned 175,809 shares in the company, valued at $1,239,453.45. This represents a 7.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 75,000 shares of company stock valued at $537,810 in the last 90 days. 47.20% of the stock is currently owned by insiders.

Institutional Trading of Crexendo

Several large investors have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Crexendo during the 2nd quarter worth approximately $29,000. BNP Paribas Financial Markets increased its position in 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. Huntington National Bank purchased a new position in Crexendo during the second quarter worth $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 worth $32,000 after acquiring an additional 2,578 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Crexendo in the second quarter valued at $41,000. 9.53% of the stock is currently owned by institutional investors and hedge funds.

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.