Steven G. Mihaylo Buys 3,000 Shares of Crexendo, Inc. (NASDAQ:CXDO) Stock

Crexendo, Inc. (NASDAQ:CXDO) CEO Steven G. Mihaylo acquired 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 12th. The stock was purchased at an average price of $4.55 per share, with a total value of $13,650.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of CXDO stock opened at $4.45 on Friday. Crexendo, Inc. has a 1 year low of $4.29 and a 1 year high of $8.08. The firm has a fifty day moving average price of $5.00 and a 200-day moving average price of $5.63. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.36 and a quick ratio of 1.30. The company has a market cap of $82.06 million, a price-to-earnings ratio of 16.48, a PEG ratio of 4.78 and a beta of 1.40.

Crexendo (NASDAQ:CXDO) last issued its quarterly earnings data on Tuesday, November 9th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Crexendo had a net margin of 22.71% and a return on equity of 15.58%. The firm had revenue of $8.81 million during the quarter, compared to the consensus estimate of $7.77 million. Equities research analysts expect that Crexendo, Inc. will post 0.08 EPS for the current year.

A number of brokerages have weighed in on CXDO. Colliers Securities reiterated a “buy” rating and set a $10.00 target price on shares of Crexendo in a research note on Wednesday, November 10th. Zacks Investment Research lowered shares of Crexendo from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Lake Street Capital began coverage on shares of Crexendo in a research note on Monday, November 22nd. They set a “buy” rating and a $9.00 target price for the company.

Several hedge funds have recently modified their holdings of CXDO. Millennium Management LLC bought a new stake in shares of Crexendo during the 3rd quarter valued at $69,000. Royal Bank of Canada bought a new position in Crexendo in the 2nd quarter worth $105,000. Geode Capital Management LLC boosted its holdings in Crexendo by 11.3% in the 2nd quarter. Geode Capital Management LLC now owns 17,766 shares of the company’s stock worth $108,000 after buying an additional 1,800 shares during the period. Renaissance Technologies LLC increased its stake in Crexendo by 86.7% in the 2nd quarter. Renaissance Technologies LLC now owns 24,267 shares of the company’s stock worth $148,000 after buying an additional 11,267 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its holdings in Crexendo by 24.5% during the third quarter. Essex Investment Management Co. LLC now owns 101,920 shares of the company’s stock valued at $611,000 after acquiring an additional 20,061 shares during the period. 6.95% of the stock is owned by hedge funds and other institutional investors.

About Crexendo

Crexendo, Inc engages in the provision of telecommunications services, broadband Internet services, and other cloud business services. It operates through the Cloud Telecommunications Services and Web Services segments. The Cloud Telecommunications Services segment focuses on selling cloud telecommunication products and services and broadband Internet services.

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