Economy

Exactech, Inc. (EXAC) Downgraded by Robert W

Exactech, Inc. (EXAC) Downgraded by Robert W”

Among 4 analysts covering Exactech (NASDAQ:EXAC), 2 have Buy rating, 0 Sell and 2 Hold. They now have a $42.00 price objective on the medical equipment provider's stock.

Several equities research analysts recently commented on EXAC shares.

Schwab Charles Investment Management Inc. boosted its position in shares of Exactech, Inc. BidaskClub downgraded shares of Exactech from a "hold" rating to a "sell" rating in a report on Monday, July 31st. Zacks upgraded the stock to "Hold" rating in Friday, September 4 report.

The company is so far trading up by 30.78% percent from yesterday's close. With short interest at 116,038 and short average daily volume at 30,690, days to cover is 4.0 and the percentage of shorted shares was 0.01% on September 29. In the past 52 weeks the company's stock price has moved within the range of $22.20 to $34.25. The company's 50 day moving average is $32.18 and its 200-day moving average is $30.28.

Exactech, Inc.'s P/E ratio is 804.81 and market capitalization is 600.46M.

Exactech (NASDAQ:EXAC) last announced its earnings results on Thursday, July 27th.

Wall Street analysts, on average, are forecasting the company's EPS to be 0.24, compared to 0.22 reported in the same quarter previous year. The firm had revenue of $67.30 million for the quarter, compared to analysts' expectations of $67.75 million. The short interest to Exactech Incorporated's float is 1.07%. During the same quarter in the prior year, the firm earned $0.31 EPS.

Recent insider trends for Exactech, Inc. "(EXAC) Receives Consensus Recommendation of "Buy" from Brokerages" was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was stolen and republished in violation of United States and worldwide copyright law.

In other Exactech news, Director Fern Watts sold 1,013 shares of the stock in a transaction on Tuesday, August 8th.

In addition to Gabelli reporting its target price, a total of 3 firms have reported on the stock. Insider ownership increased by a total of 1410 shares, which suggests that EXAC's key executives are feeling more optimistic about the outlook for the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The value of the position overall is up by 6,087.5%. LLC IN lifted its holdings in Exactech by 56.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,323 shares of the medical equipment provider's stock worth $278,000 after purchasing an additional 289 shares during the period. JPMorgan Chase & Co. lifted its holdings in Exactech by 2,693.8% during the 1st quarter.

As of the end of the quarter Meeder Asset Management Inc had acquired 248 shares growing its stake by 178.4%. The company's shares were given away at $28.4 per share worth to an income of some $21,215 on account of Binch James G. Majority of Exactech's sales are derived from the target's distribution of extremity implant systems and joint replacement systems for the knee and hip.



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