The Deutsche Bank AG Lowers Xactly Corp (XTLY) to Hold

The Deutsche Bank AG Lowers Xactly Corp (XTLY) to Hold

A number of other equities analysts have also weighed in on XTLY. Dougherty & Co reaffirmed a buy rating and set a $20.00 target price on shares of Xactly Corp in a research report on Thursday, March 9th. Needham & Company LLC lowered Xactly Corp from a buy rating to a hold rating in a research report on Tuesday, May 30th. Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $17.00 target price on shares of Xactly Corp in a research report on Friday, May 19th. Lake Street Capital lowered Xactly Corp from a buy rating to a hold rating and upped their target price for the stock from $14.00 to $15.65 in a research report on Tuesday, May 30th. Finally, Craig Hallum lowered Xactly Corp from a buy rating to a hold rating and lowered their target price for the stock from $16.50 to $15.65 in a research report on Tuesday, May 30th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Xactly Corp currently has a consensus rating of Hold and an average target price of $16.77.

Deutsche Bank AG downgraded shares of Xactly Corp (NASDAQ:XTLY) from a buy rating to a hold rating in a research report released on Wednesday. Deutsche Bank AG currently has $15.65 price target on the technology company’s stock, down from their prior price target of $20.00.

Shares of Xactly Corp (NASDAQ XTLY) opened at 15.65 on Wednesday. The firm’s market capitalization is $498.84 million. Xactly Corp has a 12-month low of $10.12 and a 12-month high of $16.10. The stock has a 50 day moving average of $12.54 and a 200-day moving average of $12.20.

Xactly Corp (NASDAQ:XTLY) last posted its quarterly earnings results on Wednesday, March 8th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.07. The business had revenue of $24.30 million for the quarter, compared to the consensus estimate of $24.01 million. Xactly Corp’s quarterly revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.15) earnings per share. On average, equities research analysts predict that Xactly Corp will post ($0.29) EPS for the current fiscal year.

In related news, Director Gerald S. Casilli sold 120,150 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $11.74, for a total value of $1,410,561.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher Cabrera sold 12,000 shares of the stock in a transaction on Monday, April 17th. The shares were sold at an average price of $11.44, for a total value of $137,280.00. Following the completion of the sale, the chief executive officer now directly owns 143,905 shares of the company’s stock, valued at $1,646,273.20. The disclosure for this sale can be found here. Insiders have sold 279,625 shares of company stock worth $3,571,168 over the last ninety days. Large investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP bought a new stake in Xactly Corp during the fourth quarter worth approximately $137,000. Tocqueville Asset Management L.P. bought a new stake in Xactly Corp during the first quarter worth approximately $166,000. American International Group Inc. raised its stake in Xactly Corp by 7.1% in the first quarter. American International Group Inc. now owns 14,062 shares of the technology company’s stock worth $167,000 after buying an additional 932 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Xactly Corp during the fourth quarter worth approximately $188,000. Finally, Archon Capital Management LLC bought a new stake in Xactly Corp during the fourth quarter worth approximately $201,000.

Xactly Corp Company Profile Xactly Corporation is a provider of cloud-based incentive compensation solutions for employee and sales performance management. The Company delivers its solutions through a software-as-a-service (SaaS) business model. The Company has a customer base, including companies in various industries, such as business and financial services, communications, life sciences, media and Internet, SaaS and traditional software, and retail.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:XTLY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Xactly Corp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Xactly Corp and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment