Research Analysts Offer Predictions for Crexendo Q1 Earnings

Crexendo, Inc. (NASDAQ:CXDO - Free Report) - Research analysts at B. Riley issued their Q1 2025 earnings estimates for Crexendo in a note issued to investors on Wednesday, March 5th. B. Riley analyst J. Nichols expects that the company will post earnings per share of $0.04 for the quarter. B. Riley has a "Buy" rating and a $7.50 price target on the stock. The consensus estimate for Crexendo's current full-year earnings is $0.14 per share. B. Riley also issued estimates for Crexendo's FY2025 earnings at $0.19 EPS and FY2026 earnings at $0.24 EPS.

Separately, D. Boral Capital raised their price target on Crexendo from $7.00 to $10.00 and gave the company a "buy" rating in a report on Thursday, March 6th.

Crexendo Price Performance

Shares of Crexendo stock traded down $0.17 during trading on Monday, reaching $6.18. 163,386 shares of the stock traded hands, compared to its average volume of 186,567. The company has a market capitalization of $172.43 million, a price-to-earnings ratio of 206.07 and a beta of 1.15. Crexendo has a 52-week low of $2.92 and a 52-week high of $7.34. The business has a fifty day simple moving average of $5.93 and a two-hundred day simple moving average of $5.40.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in shares of Crexendo by 71.7% during the fourth quarter. Bank of America Corp DE now owns 6,174 shares of the company's stock valued at $32,000 after buying an additional 2,578 shares during the period. Creative Financial Designs Inc. ADV acquired a new position in shares of Crexendo during the fourth quarter worth $44,000. Walleye Capital LLC acquired a new stake in Crexendo in the fourth quarter worth about $69,000. Schonfeld Strategic Advisors LLC purchased a new stake in Crexendo during the 4th quarter worth approximately $69,000. Finally, GSA Capital Partners LLP grew its holdings in shares of Crexendo by 41.2% during the third quarter. GSA Capital Partners LLP now owns 17,598 shares of the company's stock valued at $82,000 after buying an additional 5,139 shares during the last quarter. 9.53% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other news, CTO David Tzat-Kin Wang sold 12,293 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $5.15, for a total value of $63,308.95. Following the sale, the chief technology officer now owns 443,079 shares of the company's stock, valued at approximately $2,281,856.85. This represents a 2.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey G. Korn sold 10,000 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $6.00, for a total transaction of $60,000.00. Following the transaction, the chief executive officer now owns 243,384 shares in the company, valued at $1,460,304. The trade was a 3.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,960 shares of company stock valued at $645,977 over the last ninety days. 56.20% of the stock is owned by insiders.

Crexendo Company Profile

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.