Crexendo's (CXDO) Buy Rating Reaffirmed at B. Riley

Crexendo (NASDAQ:CXDO - Get Free Report)'s stock had its "buy" rating reiterated by B. Riley in a report released on Wednesday,Benzinga reports. They presently have a $7.50 target price on the stock, up from their prior target price of $6.75. B. Riley's price target indicates a potential upside of 15.92% from the company's previous close. B. Riley also issued estimates for Crexendo's Q2 2025 earnings at $0.04 EPS, Q3 2025 earnings at $0.05 EPS and Q4 2025 earnings at $0.05 EPS.

Separately, D. Boral Capital assumed coverage on Crexendo in a research note on Tuesday, January 21st. They issued a "buy" rating and a $7.00 price objective for the company.

Crexendo Stock Down 4.1 %

Shares of NASDAQ:CXDO traded down $0.28 during trading on Wednesday, hitting $6.47. The stock had a trading volume of 457,018 shares, compared to its average volume of 148,949. Crexendo has a 12-month low of $2.92 and a 12-month high of $7.34. The stock has a market capitalization of $172.85 million, a price-to-earnings ratio of 215.74 and a beta of 1.15. The stock has a 50-day simple moving average of $5.88 and a two-hundred day simple moving average of $5.38.

Insider Activity at Crexendo

In other Crexendo news, CTO David Tzat-Kin Wang sold 106,667 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $4.90, for a total value of $522,668.30. Following the sale, the chief technology officer now directly owns 443,079 shares of the company's stock, valued at approximately $2,171,087.10. This trade represents a 19.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey G. Korn sold 7,000 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $5.25, for a total value of $36,750.00. Following the completion of the sale, the chief executive officer now directly owns 249,730 shares in the company, valued at approximately $1,311,082.50. The trade was a 2.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,960 shares of company stock worth $653,627. 56.20% of the stock is owned by corporate insiders.

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Institutional Trading of Crexendo

Several institutional investors have recently bought and sold shares of CXDO. Bank of America Corp DE grew its holdings in Crexendo by 71.7% in the fourth quarter. Bank of America Corp DE now owns 6,174 shares of the company's stock valued at $32,000 after purchasing an additional 2,578 shares during the period. Creative Financial Designs Inc. ADV acquired a new stake in Crexendo in the fourth quarter valued at approximately $44,000. Walleye Capital LLC acquired a new stake in shares of Crexendo in the fourth quarter worth approximately $69,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Crexendo in the fourth quarter worth approximately $69,000. Finally, GSA Capital Partners LLP boosted its stake in shares of Crexendo by 41.2% in the third quarter. GSA Capital Partners LLP now owns 17,598 shares of the company's stock worth $82,000 after acquiring an additional 5,139 shares during the last quarter. 9.53% of the stock is owned by institutional investors and hedge funds.

About Crexendo

Crexendo, Inc provides cloud communication platform and services, video collaboration, and managed IT services for businesses in the United States and internationally. It operates through two segments, Cloud Telecommunications Services and Software Solutions. The Cloud Telecommunications segment provides telecommunications services that transmit calls using Internet protocol (IP) or cloud technology, which converts voice signals into digital data packets for transmission over the Internet or cloud; and broadband Internet services, as well as develops end user portals for account and license management, and billing and customer support.