ARK Investment Management LLC recently announced the acquisition of new stake in The ExOne Company (NASDAQ:XONE). The institutional investor has increased its shareholding in the Industrials company by 23.87% to 3.23 million shares with purchase of 0.62 million shares. This fresh investment now brings its stake to 19.53% valued currently at $28.27 million. In addition, BlackRock Fund Advisors raised its holdings by 0.46 million to 0.68 million shares. And The Vanguard Group, Inc. has lifted its position by 26.48% or 0.13 million shares – to 0.64 million shares.
With over 3.5 million The ExOne Company (XONE) shares trading Friday and a closing price of $11.56 on the day, the dollar volume was approximately $40.46 million. The shares have shown a positive weekly performance of 15.83% and its price on 08/28/20 gained nearly 15.02%. Currently, there are 16.46M common shares owned by the public and among those 11.72M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for XONE have a consensus price objective of $10.75. The analysts have set the share’s price value over the next 12 months at a high of $12.50 and a low of $9.00 should the stock experience a downside. Incidentally, analysts’ outlook for the The ExOne Company stock is 2.00 for the next 12 months. The average price target is -10.1% below its last price level and a downside to the estimated low will see the stock lose -28.44% over that period. But an upside of 7.52% will see the stock hit the forecast high price target while mean target price for the stock is $10.75.
Insiders at the company have transacted a total of 21 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 223,873 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in The ExOne Company are ARK Innovation ETF, Nikko AM Global Umbrella Fund – A, and ARK Autonomous Technology & Robot. ARK Innovation ETF owns 2.17 million shares of the company’s stock, all valued at over $19.03 million. The company bought an additional 23205.0 shares recently to bring their total holdings to about 13.14% of the shares outstanding. Nikko AM Global Umbrella Fund – A bought 1.6 million shares to see its total holdings expand to 1.61 million shares valued at over $14.12 million and representing 9.75% of the shares outstanding. ARK Autonomous Technology & Robot bought 4797.0 shares to bring its total holdings to over 0.83 million shares at a value of $7.31 million. ARK Autonomous Technology & Robot now owns shares totaling to 5.05% of the shares outstanding.
Shares of The ExOne Company (NASDAQ: XONE) opened at $10.05, unchanged from a prior closing price of $10.05. However, the script later closed the day at $11.56, up 15.02%. The company’s stock has a 5-day price change of 15.83% and 28.02% over the past three months. XONE shares are trading 54.96% year to date (YTD), with the 12-month market performance up to 44.68% higher. It has a 12-month low price of $3.55 and touched a high of $10.73 over the same period. Currently, 3.5 million shares have been traded, compared to an average intraday trading volume of 152.84K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 17.21%, 25.24%, and 50.99% respectively.
Institutional ownership of The ExOne Company (NASDAQ: XONE) shares accounts for 45.70% of the company’s 16.46M shares outstanding. Mutual fund holders own 44.59%, while other institutional holders and individual stakeholders account for 8.96% and 37.74% respectively.
It has a market capitalization of $170.05M and a beta (3y monthly) value of 2.30. The earnings-per-share (ttm) stands at -$0.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.96% over the week and 5.16% over the month.
Analysts forecast that The ExOne Company (XONE) will achieve an EPS of -$0.2 for the current quarter, -$0.09 for the next quarter and -$0.64 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.21 while analysts give the company a high EPS estimate of -$0.2. Comparatively, EPS for the current quarter was -$0.3 a year ago. Earnings per share for the fiscal year are expected to decrease by -18.20%, and 20.00% over the next financial year. EPS should grow at an annualized rate of 46.49% over the next five years, compared to 9.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate The ExOne Company (XONE) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the XONE, a number of firms have released research notes about the stock. B. Riley FBR stated their Neutral rating for the stock in a research note on July 16, 2020, with the firm’s price target at $8.50. Canaccord Genuity coverage for the The ExOne Company (XONE) stock in a research note released on July 10, 2018 offered a Buy rating with a price target of $12. Canaccord Genuity was of a view on November 13, 2017 that the stock is Buy, while FBR & Co. gave the stock Outperform rating on October 03, 2016, issuing a price target of $18. FBR Capital on their part issued Outperform rating on May 24, 2016.