Crexendo (NASDAQ:CXDO) Stock Price Down 3.8% – Should You Sell?

Crexendo Inc. (NASDAQ:CXDO) traded down 3.8% during trading on Monday. The company traded as low as $5.80 and last traded at $5.86. 227,373 shares were traded during mid-day trading, a decline of 27% from the average session volume of 312,173 shares. The stock had previously closed at $6.09.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CXDO shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Crexendo in a research note on Monday, August 3rd. B. Riley Financial lowered their price target on Crexendo from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.50.

Crexendo Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 2.06 and a quick ratio of 1.98. The stock has a market capitalization of $198.13 million, a P/E ratio of 42.54 and a beta of 1.11. The stock’s fifty day moving average is $6.29 and its 200-day moving average is $7.14.

Crexendo (NASDAQ:CXDO) last posted its earnings results on Tuesday, August 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $24.65 million for the quarter, compared to analyst estimates of $24.65 million. Crexendo had a return on equity of 14.34% and a net margin of 5.31%. On average, equities analysts anticipate that Crexendo Inc. will post 0.34 earnings per share for the current year.

Insider Buying and Selling at Crexendo

In related news, CTO David Wang sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $6.50, for a total value of $162,500.00. Following the completion of the sale, the chief technology officer directly owned 534,747 shares in the company, valued at approximately $3,475,855.50. The trade was a 4.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 47.20% of the company’s stock.

Hedge Funds Weigh In On Crexendo

A number of institutional investors have recently modified their holdings of CXDO. Susquehanna Fundamental Investments LLC bought a new stake in shares of Crexendo during the 2nd quarter worth $82,000. Deutsche Bank AG acquired a new position in Crexendo during the 2nd quarter worth $138,000. Diversify Wealth Management LLC bought a new stake in Crexendo during the first quarter valued at about $139,000. Diversify Advisory Services LLC bought a new stake in Crexendo during the second quarter valued at about $147,000. Finally, Lazard Asset Management LLC acquired a new stake in shares of Crexendo in the first quarter valued at about $155,000. Institutional investors own 9.53% of the company’s stock.

About Crexendo

Crexendo, Inc is a cloud communications technology company that provides unified communications and collaboration services for businesses. Its offerings include cloud-based business phone systems, voice and video communications, messaging, contact center capabilities, collaboration tools and related communications services.

The company also provides technology through its NetSapiens subsidiary, which develops a communications platform used by service providers, resellers and other channel partners to deliver hosted voice and unified communications services.