Key Points
- Director Fred Faching Chang sold 15,000 shares on May 1 at an average price of $33.94 for $509,100, trimming his stake by 0.44% to 3,399,433 shares valued at roughly $115.38 million.
- Newegg shares opened at $30.58 and were trading down 10.3%, well below the 50‑day ($41.09) and 200‑day ($53.73) moving averages; the company beat EPS expectations (loss of $0.02 vs. -$0.40) but missed revenue estimates ($374.4M vs. $439.2M).
- Analyst and institutional interest is muted, with Weiss Ratings reiterating a "Sell (e+)", an average MarketBeat rating of "Sell," and only about 0.45% of shares held by institutional investors.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Faching Chang sold 15,000 shares of Newegg Commerce stock in a transaction on Friday, May 1st. The shares were sold at an average price of $33.94, for a total transaction of $509,100.00. Following the completion of the sale, the director owned 3,399,433 shares in the company, valued at approximately $115,376,756.02. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Fred Faching Chang also recently made the following trade(s):
- On Thursday, April 30th, Fred Faching Chang sold 20,000 shares of Newegg Commerce stock. The shares were sold at an average price of $34.53, for a total transaction of $690,600.00.
Newegg Commerce Trading Down 10.3%
NASDAQ:NEGG opened at $30.58 on Tuesday. The firm's fifty day simple moving average is $41.09 and its 200 day simple moving average is $53.73. Newegg Commerce, Inc. has a twelve month low of $3.40 and a twelve month high of $137.84. The company has a current ratio of 1.41, a quick ratio of 0.76 and a debt-to-equity ratio of 0.27.
Newegg Commerce (NASDAQ:NEGG - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.38. The company had revenue of $374.40 million during the quarter, compared to the consensus estimate of $439.20 million.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of Newegg Commerce in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Sell".
Get Our Latest Stock Report on NEGG
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of NEGG. Marshall Wace LLP bought a new position in shares of Newegg Commerce in the 2nd quarter worth about $4,281,000. Bank of America Corp DE increased its stake in shares of Newegg Commerce by 10,675.0% in the 2nd quarter. Bank of America Corp DE now owns 10,775 shares of the company's stock worth $175,000 after acquiring an additional 10,675 shares in the last quarter. Ritholtz Wealth Management bought a new position in shares of Newegg Commerce in the 3rd quarter worth about $243,000. Hussman Strategic Advisors Inc. bought a new position in shares of Newegg Commerce in the 3rd quarter worth about $1,762,000. Finally, Quantum Private Wealth LLC bought a new position in shares of Newegg Commerce in the 3rd quarter worth about $210,000. 0.45% of the stock is currently owned by institutional investors.
Newegg Commerce Company Profile
(
Get Free Report)
Newegg Commerce, Inc (NASDAQ: NEGG) is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg's business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.
In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.
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