In a report released today, Michael Latimore from Northland Securities reiterated a Buy rating on Crexendo (CXDO – Research Report), with a price target of $7.00. The company’s shares closed yesterday at $4.65.
According to TipRanks, Latimore is a 5-star analyst with an average return of 18.2% and a 51.12% success rate. Latimore covers the Technology sector, focusing on stocks such as Synchronoss Technologies, Rekor Systems, and Matterport.
Crexendo has an analyst consensus of Strong Buy, with a price target consensus of $6.58, which is a 41.51% upside from current levels. In a report released today, B.Riley Financial also upgraded the stock to a Buy with a $5.75 price target.
CXDO market cap is currently $122.2M and has a P/E ratio of -250.00.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CXDO in relation to earlier this year. Most recently, in March 2024, David Tzat-kin Wang, the CTO of CXDO sold 20,000.00 shares for a total of $110,000.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Crexendo (CXDO) Company Description:
Crexendo, Inc. engages in the provision of telecommunications services, broadband Internet services, and other cloud business services. It operates through Cloud Telecommunications Services and Web Services segments. The Cloud Telecommunications Services segment focuses in selling cloud telecommunication products and services and broadband Internet services. The Web Services segment involves in website hosting and other professional services. The company was founded on April 13, 1995 and is headquartered in Tempe, AZ.
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