Xos Inc (NASDAQ:XOS) Director Purchases $427,000.00 in Stock

Xos Inc (NASDAQ:XOS) Director Edward J. Rapp purchased 100,000 shares of the stock in a transaction dated Thursday, November 18th. The shares were purchased at an average price of $4.27 per share, with a total value of $427,000.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of XOS opened at $4.16 on Thursday. The firm has a 50-day moving average of $4.98. Xos Inc has a 52-week low of $3.84 and a 52-week high of $16.00.

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

Large investors have recently bought and sold shares of the company. Penserra Capital Management LLC bought a new position in shares of XOS during the 3rd quarter valued at about $47,000. TIG Advisors LLC bought a new position in shares of XOS during the 3rd quarter valued at about $47,000. Cubist Systematic Strategies LLC bought a new position in shares of XOS during the 3rd quarter valued at about $53,000. Easterly Investment Partners LLC bought a new position in shares of XOS during the 3rd quarter valued at about $69,000. Finally, Hsbc Holdings PLC bought a new position in shares of XOS during the 3rd quarter valued at about $76,000. Institutional investors own 44.94% of the company’s stock.

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

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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