Pacific Crest Reaffirms Sector Perform Rating for ExOne Co (XONE)

ExOne Co (NASDAQ:XONE)‘s stock had its “sector perform” rating reissued by investment analysts at Pacific Crest in a report issued on Sunday.

Other hedge funds and institutional investors have made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of ExOne by 4.0% in the first quarter. Geode Capital Management LLC now owns 72,446 shares of the company’s stock valued at $951,000 after buying an additional 2,782 shares during the last quarter. State Street Corp increased its position in ExOne by 8.4% in the first quarter. State Street Corp now owns 150,394 shares of the company’s stock worth $1,977,000 after buying an additional 11,669 shares in the last quarter. Finally, Morgan Stanley increased its position in ExOne by 6.1% in the fourth quarter. Morgan Stanley now owns 261,687 shares of the company’s stock worth $2,627,000 after buying an additional 14,956 shares in the last quarter.

XONE has been the topic of several other research reports. Canaccord Genuity reaffirmed a “hold” rating on shares of ExOne in a research note on Thursday, May 12th. Stifel Nicolaus reaffirmed a “hold” rating on shares of ExOne in a research note on Wednesday, May 11th. Imperial Capital lowered shares of ExOne from an “in-line” rating to an “underperform” rating and lifted their target price for the stock from $8.00 to $9.00 in a report on Monday, March 28th. Brean Capital reiterated a “hold” rating on shares of ExOne in a research report on Thursday, May 12th. Finally, FBR & Co. started coverage on ExOne in a research note on Tuesday, May 24th. They issued an “outperform” rating and a $14.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $13.13.

ExOne (NASDAQ:XONE) traded down 2.03% during midday trading on Friday, hitting $10.64. 141,596 shares of the company traded hands. ExOne has a 12-month low of $5.81 and a 12-month high of $14.75. The stock has a 50 day moving average price of $11.20 and a 200-day moving average price of $10.27. The company’s market cap is $170.95 million.

ExOne (NASDAQ:XONE) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by $0.02. The firm earned $8.41 million during the quarter, compared to analyst estimates of $9.06 million. During the same quarter in the previous year, the business earned ($0.53) earnings per share. The firm’s revenue for the quarter was up 23.9% compared to the same quarter last year. Analysts expect that ExOne will post ($0.88) EPS for the current year.

The ExOne Company is a provider of three dimensional (3D) printing machines and 3D printed and other products, materials and services to industrial customers. The Company’s business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its installed base of 3D printing machines.

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