ExOne (XONE) Lifted to Buy at Zacks Investment Research

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Zacks Investment Research upgraded shares of ExOne (NASDAQ:XONE) from a hold rating to a buy rating in a research report released on Thursday. The firm currently has $8.00 price target on the industrial products company’s stock.

According to Zacks, “The ExOne Company provides three-dimensional printing machines and printed products to industrial customers. The Company also supplies the associated products, including consumables and replacement parts, and services including training and technical support. It manufactures and sells 3D printing machines and printing products to specification for its customers using its in-house 3D printing machines. The ExOne Company is based in Irwin, Pennsylvania. “

Other equities research analysts have also recently issued reports about the stock. ValuEngine cut shares of ExOne from a hold rating to a sell rating in a report on Thursday, August 2nd. Canaccord Genuity restated a buy rating and issued a $12.00 price target on shares of ExOne in a report on Tuesday, July 10th. Finally, B. Riley reduced their price target on shares of ExOne from $13.00 to $12.00 and set a buy rating for the company in a report on Monday, August 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $11.25.

XONE opened at $7.47 on Thursday. ExOne has a twelve month low of $6.16 and a twelve month high of $12.50. The company has a quick ratio of 0.83, a current ratio of 1.65 and a debt-to-equity ratio of 0.02. The firm has a market cap of $108.88 million, a PE ratio of -5.98 and a beta of 3.45.

ExOne (NASDAQ:XONE) last posted its quarterly earnings data on Thursday, August 9th. The industrial products company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.33) by ($0.17). The firm had revenue of $10.86 million for the quarter, compared to analyst estimates of $15.60 million. ExOne had a negative return on equity of 30.11% and a negative net margin of 36.12%. research analysts anticipate that ExOne will post -1.08 earnings per share for the current fiscal year.

In related news, Director Roger William Thiltgen purchased 10,000 shares of ExOne stock in a transaction on Wednesday, August 15th. The stock was acquired at an average cost of $6.97 per share, for a total transaction of $69,700.00. Following the completion of the acquisition, the director now owns 12,500 shares of the company’s stock, valued at approximately $87,125. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 31.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in XONE. Millennium Management LLC bought a new position in shares of ExOne in the fourth quarter valued at $137,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of ExOne during the first quarter valued at about $174,000. Deutsche Bank AG lifted its position in shares of ExOne by 146.4% during the fourth quarter. Deutsche Bank AG now owns 24,519 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 14,568 shares in the last quarter. LMR Partners LLP bought a new position in shares of ExOne during the second quarter valued at about $273,000. Finally, Royal Bank of Canada lifted its position in shares of ExOne by 78.6% during the first quarter. Royal Bank of Canada now owns 38,930 shares of the industrial products company’s stock valued at $283,000 after purchasing an additional 17,131 shares in the last quarter. 28.48% of the stock is currently owned by hedge funds and other institutional investors.

About ExOne

The ExOne Company develops, manufactures, and markets three-dimensional (3D) printing machines, 3D printed and other products, materials, and services primarily in North America, Europe, and Asia. The company provides various machines that enable designers and engineers to design and produce industrial prototypes and production parts.

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