Exa Corp (EXA) was Reiterated by Needham to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 16.50 from a previous price target of $15 . Needham advised their investors in a research report released on Aug 30, 2016.
On the company’s financial health, Exa Corp reported $-0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 29, 2016. Analyst had a consensus of $-0.06. The company had revenue of $17.10 million for the quarter, compared to analysts expectations of $17.34 million. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.
Exa Corp opened for trading at $15.5 and hit $15.56 on the upside on Monday, eventually ending the session at $15.51, with a gain of 0.65% or 0.1 points. The heightened volatility saw the trading volume jump to 59,882 shares. Company has a market cap of $228 M.
In a different news, on Aug 1, 2016, John J Shields (director) sold 2,000 shares at $14.37 per share price. According to the SEC, on Jul 5, 2016, Stephen A. Remondi (CEO and President) sold 10,000 shares at $14.45 per share price. On Apr 5, 2016, Hudong Chen (Chief Scientific Ofc., Sr. VP) sold 10,000 shares at $12.93 per share price, according to the Form-4 filing with the securities and exchange commission.
Exa Corporation develops sells and supports simulation software and services that manufacturers use in design and engineering processes. The Company focuses primarily on the ground transportation market including manufacturers in the passenger vehicle highway truck off-highway vehicle and train markets as well as their suppliers. Its core product PowerFLOW is a software solution for simulating fluid flow problems including aerodynamics thermal management and aeroacoustics or wind noise. PowerFLOW uses its Digital Physics technology that enables it to predict fluid flows. PowerFLOW directly simulates unpredictable turbulent scales. The PowerFLOW software suite includes the simulation engine and grid generation engine along with pre- and post-processing software products. Its products include PowerDELTA with PowerCLAY PowerCASE PowerTHERM PowerCOOL PowerINSIGHT PowerVIZ PowerACOUSTICS and ExaCLOUD Simulation Platform.