Exactech, Inc. (EXAC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Exactech, Inc. (NASDAQ:EXAC) have earned an average recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $49.00.

Several equities analysts recently weighed in on EXAC shares. ValuEngine cut Exactech from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Robert W. Baird reissued a “hold” rating and set a $49.00 price objective on shares of Exactech in a research report on Thursday, December 7th. Zacks Investment Research raised Exactech from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, BidaskClub cut Exactech from a “hold” rating to a “sell” rating in a research report on Saturday, January 20th.

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EXAC stock remained flat at $$49.25 on Friday. The stock had a trading volume of 255,640 shares, compared to its average volume of 182,742. The company has a market cap of $707.53, a P/E ratio of 4,925.00, a P/E/G ratio of 3.66 and a beta of 0.90. Exactech has a one year low of $23.75 and a one year high of $50.95. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.09 and a current ratio of 4.08.

Several hedge funds and other institutional investors have recently bought and sold shares of EXAC. Water Island Capital LLC acquired a new position in Exactech in the 4th quarter valued at approximately $26,772,000. Gabelli Funds LLC raised its holdings in Exactech by 138.7% in the 4th quarter. Gabelli Funds LLC now owns 701,748 shares of the medical equipment provider’s stock valued at $34,701,000 after acquiring an additional 407,724 shares in the last quarter. Kennedy Capital Management Inc. acquired a new position in Exactech in the 4th quarter valued at approximately $17,938,000. Pentwater Capital Management LP acquired a new position in Exactech in the 4th quarter valued at approximately $12,363,000. Finally, Gamco Investors INC. ET AL raised its holdings in Exactech by 24.8% in the 4th quarter. Gamco Investors INC. ET AL now owns 764,508 shares of the medical equipment provider’s stock valued at $37,805,000 after acquiring an additional 151,991 shares in the last quarter. 61.22% of the stock is owned by institutional investors and hedge funds.

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Exactech Company Profile

Exactech, Inc develops, manufactures, markets, distributes and sells orthopedic implant devices, related surgical instrumentation and biologic services to hospitals and physicians. The Company’s segments include knee, hip, biologics and spine, extremity and other products. Its other products segment includes miscellaneous sales categories, such as bone cement, instrument rental fees, shipping charges and other product lines.

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