Xos Inc (NASDAQ:XOS) Director George N. Mattson Acquires 35,560 Shares

Xos Inc (NASDAQ:XOS) Director George N. Mattson purchased 35,560 shares of XOS stock in a transaction dated Tuesday, November 23rd. The stock was bought at an average cost of $3.97 per share, with a total value of $141,173.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of XOS stock opened at $4.16 on Thursday. Xos Inc has a 52-week low of $3.84 and a 52-week high of $16.00. The firm has a fifty day simple moving average of $4.98.

XOS (NASDAQ:XOS) last announced its earnings results on Thursday, November 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01. Sell-side analysts forecast that Xos Inc will post -0.29 earnings per share for the current year.

Several analysts have commented on XOS shares. Colliers Securities started coverage on shares of XOS in a research report on Tuesday, September 28th. They issued a “buy” rating and a $15.00 target price for the company. Wedbush initiated coverage on shares of XOS in a report on Monday, October 11th. They set an “outperform” rating and a $10.00 price objective for the company. DA Davidson reduced their price target on shares of XOS from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, November 12th. Finally, Zacks Investment Research downgraded shares of XOS from a “hold” rating to a “sell” rating in a report on Friday, October 1st.

A number of institutional investors and hedge funds have recently bought and sold shares of XOS. Janus Henderson Group PLC bought a new position in XOS during the 3rd quarter worth approximately $10,985,000. Luxor Capital Group LP bought a new position in XOS during the 3rd quarter worth approximately $3,686,000. Moore Capital Management LP bought a new position in XOS during the 3rd quarter worth approximately $991,000. Cahaba Wealth Management Inc. bought a new position in XOS during the 3rd quarter worth approximately $789,000. Finally, CKW Financial Group bought a new position in XOS during the 3rd quarter worth approximately $717,000. Hedge funds and other institutional investors own 44.94% of the company’s stock.

XOS Company Profile

Xos Inc is an electric mobility company. It designs and develops fully electric battery mobility systems specifically for commercial fleets. Xos Inc, formerly known as NextGen Acquisition Corporation, is based in LOS ANGELES.

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