Exela Technologies, Inc. (NASDAQ:XELA) has received an average rating of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $6.00.

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Exela Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Royal Bank of Canada set a $4.00 target price on Exela Technologies and gave the stock a “buy” rating in a research report on Friday, August 9th. Nomura decreased their target price on Exela Technologies from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, ValuEngine raised Exela Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd.

In other Exela Technologies news, CFO James Reynolds purchased 247,630 shares of Exela Technologies stock in a transaction dated Tuesday, June 25th. The stock was purchased at an average price of $1.65 per share, with a total value of $408,589.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ex-Sigma 2 Llc sold 13,234,848 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $1.65, for a total transaction of $21,837,499.20. The disclosure for this sale can be found here. 53.10% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of Exela Technologies by 133.6% during the 4th quarter. Bank of America Corp DE now owns 26,515 shares of the company’s stock valued at $103,000 after purchasing an additional 15,165 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Exela Technologies during the 1st quarter valued at about $72,000. Vanguard Group Inc. increased its position in shares of Exela Technologies by 11.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,820,884 shares of the company’s stock valued at $3,988,000 after purchasing an additional 186,477 shares during the last quarter. BlackRock Inc. increased its position in shares of Exela Technologies by 2.2% during the 2nd quarter. BlackRock Inc. now owns 2,478,563 shares of the company’s stock valued at $5,429,000 after purchasing an additional 53,628 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Exela Technologies by 17.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 267,341 shares of the company’s stock valued at $586,000 after purchasing an additional 38,861 shares during the last quarter. 45.78% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:XELA remained flat at $$1.39 during mid-day trading on Friday. The company’s stock had a trading volume of 95,300 shares, compared to its average volume of 155,056. Exela Technologies has a fifty-two week low of $1.09 and a fifty-two week high of $7.34. The firm’s 50-day simple moving average is $1.64 and its two-hundred day simple moving average is $2.60. The stock has a market capitalization of $198.76 million, a PE ratio of -1.81 and a beta of 1.67.

Exela Technologies (NASDAQ:XELA) last issued its earnings results on Thursday, August 8th. The company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.17). The business had revenue of $390.16 million during the quarter. As a group, analysts forecast that Exela Technologies will post -0.51 EPS for the current fiscal year.

About Exela Technologies

Exela Technologies, Inc (Exela), formerly Quinpario Acquisition Corp. 2, is engaged in providing information and transaction processing solutions. The Company’s segments include Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS).

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