Canaccord Genuity Downgrades Exa Corp to Hold with Price Target $15

Brokerage firm Canaccord Genuity Downgrades its rating on Exa Corp(EXA). As per the latest information, Canaccord Genuity Lowers the price target to $15 per share from a prior target of $18. The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Canaccord Genuity was issued on Mar 17, 2017 in a research report to their Investors and Clients.

Exa Corp (EXA) shares turned negative on Wednesdays trading session with the shares closing down -0.64 points or -4.78% at a volume of 1,12,611. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $13.53. The peak price level was also seen at $13.53 while the days lowest was $12.34. Finally the shares closed at $12.74. The 52-week high of the shares is $16.89 while the 52-week low is $11.12. According to the latest information available, the market cap of the company is $190 M.

Exa Corp(EXA) last announced its earnings results on Mar 16, 2017 for Fiscal Year 2017 and Q4.Company reported revenue of $19.525M. Analysts had an estimated revenue of $20.250M. Earnings per share were $0.05.

Several Insider Transactions has been reported to the SEC. On Mar 2, 2017, John J Shields (director) sold 1,000 shares at $15.74 per share price.Also, On Dec 22, 2016, Hudong Chen (Chief Scientific Ofc., Sr. VP) sold 3,000 shares at $16.00 per share price.On Dec 22, 2016, James E. Hoch (Sr. VP of Software Development) sold 12,000 shares at $16.00 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.

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