Published On: Tue, Sep 13th, 2016

Xactly Corporation (XTLY) – Research Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Xactly Corporation (NASDAQ: XTLY) recently:

9/9/2016 – Xactly Corporation had its price target raised by analysts at Needham & Company LLC from $15.00 to $18.00. They now have a “buy” rating on the stock.
9/9/2016 – Xactly Corporation had its price target raised by analysts at Lake Street Capital from $13.00 to $16.00. They now have a “buy” rating on the stock.
9/9/2016 – Xactly Corporation had its price target raised by analysts at Deutsche Bank AG from $12.00 to $17.00. They now have a “buy” rating on the stock.
9/7/2016 – Xactly Corporation had its price target raised by analysts at Oppenheimer Holdings Inc. from $13.00 to $17.00. They now have an “outperform” rating on the stock.
9/6/2016 – Xactly Corporation had its “buy” rating reaffirmed by analysts at Dougherty & Co. They now have a $20.00 price target on the stock.
8/10/2016 – Xactly Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Xactly Corporation offers software solutions. The company provides enterprise-class, cloud-based, incentive compensation solutions. Its product consists of Xactly Incent Enterprise, Xactly Incent Express, Xactly Objectives and Xactly Insights. Xactly Corporation is headquartered in San Jose, California. “
8/2/2016 – Xactly Corporation is now covered by analysts at National Securities. They set a “buy” rating and a $17.00 price target on the stock.

Xactly Corporation (NASDAQ:XTLY) opened at 14.19 on Tuesday. The company’s market cap is $435.19 million. The firm has a 50-day moving average price of $13.62 and a 200-day moving average price of $10.21. Xactly Corporation has a 12-month low of $4.68 and a 12-month high of $14.90.
Xactly Corporation (NASDAQ:XTLY) last issued its earnings results on Thursday, September 8th. The company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. The firm had revenue of $24 million for the quarter, compared to the consensus estimate of $23.37 million. The firm’s revenue was up 31.1% on a year-over-year basis. On average, equities research analysts forecast that Xactly Corporation will post ($0.52) earnings per share for the current fiscal year.

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In other Xactly Corporation news, CEO Christopher Cabrera sold 30,000 shares of Xactly Corporation stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $12.00, for a total transaction of $360,000.00. Following the completion of the sale, the chief executive officer now directly owns 121,000 shares of the company’s stock, valued at approximately $1,452,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carol Mills sold 25,000 shares of Xactly Corporation stock in a transaction on Monday, July 18th. The shares were sold at an average price of $12.10, for a total value of $302,500.00. Following the sale, the director now directly owns 34,364 shares of the company’s stock, valued at $415,804.40. The disclosure for this sale can be found here.
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.

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