Exela Technologies, Inc. (NASDAQ:XELA) – Equities research analysts at Cantor Fitzgerald decreased their FY2020 EPS estimates for shares of Exela Technologies in a research note issued on Monday, August 12th. Cantor Fitzgerald analyst J. Foresi now anticipates that the company will earn $0.04 per share for the year, down from their previous forecast of $0.09.
Other research analysts also recently issued reports about the company. ValuEngine raised Exela Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Royal Bank of Canada set a $4.00 price target on Exela Technologies and gave the company a “buy” rating in a report on Friday, August 9th. Nomura lowered their price target on Exela Technologies from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Zacks Investment Research downgraded Exela Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Exela Technologies has an average rating of “Buy” and an average target price of $5.85.
Shares of NASDAQ:XELA opened at $1.16 on Thursday. The company has a market cap of $189.01 million, a P/E ratio of -1.51 and a beta of 1.36. Exela Technologies has a 1 year low of $1.09 and a 1 year high of $7.34. The stock’s fifty day moving average price is $2.18 and its 200-day moving average price is $2.99.
Exela Technologies (NASDAQ:XELA) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.17). The firm had revenue of $390.16 million during the quarter.
In other Exela Technologies news, Director Ex-Sigma 2 Llc sold 13,234,848 shares of the stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $1.65, for a total value of $21,837,499.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO James Reynolds bought 247,630 shares of the stock in a transaction on Tuesday, June 25th. The stock was purchased at an average cost of $1.65 per share, for a total transaction of $408,589.50. The disclosure for this purchase can be found here. 53.10% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Exela Technologies by 11.4% during the second quarter. Vanguard Group Inc. now owns 1,820,884 shares of the company’s stock valued at $3,988,000 after purchasing an additional 186,477 shares during the last quarter. BlackRock Inc. lifted its position in shares of Exela Technologies by 2.2% in the 2nd quarter. BlackRock Inc. now owns 2,478,563 shares of the company’s stock valued at $5,429,000 after acquiring an additional 53,628 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new stake in Exela Technologies in the 2nd quarter worth approximately $48,000. Charles Schwab Investment Management Inc. lifted its position in Exela Technologies by 17.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 267,341 shares of the company’s stock worth $586,000 after buying an additional 38,861 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Exela Technologies by 25.8% in the 2nd quarter. SG Americas Securities LLC now owns 27,180 shares of the company’s stock worth $60,000 after buying an additional 5,570 shares in the last quarter. 43.69% of the stock is currently owned by hedge funds and other institutional investors.
About Exela Technologies
Exela Technologies, Inc (Exela), formerly Quinpario Acquisition Corp. 2, is engaged in providing information and transaction processing solutions. The Company’s segments include Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS).
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