Q2 EPS Estimates for Crexendo Raised by Northland Securities

Crexendo Inc. (NASDAQ:CXDO) – Research analysts at Northland Securities raised their Q2 2026 earnings estimates for shares of Crexendo in a note issued to investors on Wednesday, May 6th. Northland Securities analyst M. Latimore now anticipates that the company will earn $0.07 per share for the quarter, up from their prior estimate of $0.06. The consensus estimate for Crexendo’s current full-year earnings is $0.27 per share. Northland Securities also issued estimates for Crexendo’s FY2027 earnings at $0.43 EPS.

Other equities analysts also recently issued reports about the stock. Lake Street Capital reaffirmed a “buy” rating and set a $11.00 price objective on shares of Crexendo in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Crexendo from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wall Street Zen cut shares of Crexendo from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, Needham & Company LLC lifted their price objective on shares of Crexendo from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.40.

Crexendo Price Performance

Shares of Crexendo stock opened at $9.16 on Wednesday. The firm has a fifty day moving average price of $6.81 and a two-hundred day moving average price of $6.70. The company has a market cap of $296.97 million, a PE ratio of 61.07 and a beta of 0.93. Crexendo has a fifty-two week low of $5.08 and a fifty-two week high of $9.84.

Crexendo (NASDAQ:CXDO) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Crexendo had a net margin of 6.15% and a return on equity of 13.84%. The business had revenue of $20.71 million for the quarter, compared to analyst estimates of $19.63 million.

Insider Activity

In related news, CRO Jon Brinton sold 114,795 shares of Crexendo stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $9.14, for a total value of $1,049,226.30. Following the completion of the sale, the executive owned 114,795 shares of the company’s stock, valued at approximately $1,049,226.30. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Ron Vincent sold 33,550 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $9.36, for a total value of $314,028.00. Following the transaction, the chief financial officer owned 118,537 shares in the company, valued at approximately $1,109,506.32. This trade represents a 22.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 259,266 shares of company stock worth $2,288,836. 47.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Crexendo

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 purchasing an additional 2,782 shares in the last quarter. Strive Financial Group LLC purchased a new stake in Crexendo in the fourth quarter worth $31,000. Bank of America Corp DE grew its stake in 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 purchasing an additional 2,578 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of Crexendo in the second quarter worth $41,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Crexendo in the second quarter worth $48,000. 9.53% of the stock is currently owned by institutional investors.

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.