Key Points
- Director Zhitao He sold 39,414 Newegg shares at an average price of $16.50, generating $650,331. He retained 11.1 million shares, with the transaction reducing his ownership by 0.35%.
- Newegg’s stock opened at $15.17, near its 52-week low of $12.50 and well below its 52-week high of $96.29. The shares were also below their 50-day and 200-day moving averages.
- The company exceeded quarterly EPS expectations, reporting $0.11 versus the consensus estimate of a $0.40 loss, but revenue of $320.41 million fell short of the $439.20 million estimate. The stock maintains an average analyst rating of “Sell.”
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 13,582 shares of the stock in a transaction on Friday, September 4th. The shares were sold at an average price of $15.62, for a total transaction of $212,150.84. Following the sale, the director directly owned 3,060,105 shares of the company's stock, valued at $47,798,840.10. The trade was a 0.44% decrease in their position. The sale was disclosed in a document filed 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, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.40, for a total value of $58,744.80.
- On Wednesday, September 2nd, Fred Chang sold 23,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.77, for a total value of $395,470.14.
- On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.87, for a total transaction of $56,846.34.
Newegg Commerce Price Performance
NEGG stock opened at $15.17 on Wednesday. Newegg Commerce, Inc. has a 1 year low of $12.50 and a 1 year high of $96.29. The firm has a 50-day moving average of $15.86 and a 200 day moving average of $26.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.64.
Newegg Commerce (NASDAQ:NEGG - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.51. The firm had revenue of $320.41 million during the quarter, compared to analysts' expectations of $439.20 million.
Institutional Trading of Newegg Commerce
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEGG. NewEdge Advisors LLC purchased a new stake in shares of Newegg Commerce in the 3rd quarter worth $30,000. Royal Bank of Canada raised its stake in Newegg Commerce by 5,472.2% during the 4th quarter. Royal Bank of Canada now owns 1,003 shares of the company's stock valued at $51,000 after purchasing an additional 985 shares during the period. Squarepoint Ops LLC purchased a new position in Newegg Commerce in the 4th quarter worth approximately $251,000. Qube Research & Technologies Ltd purchased a new position in Newegg Commerce in the 3rd quarter worth approximately $207,000. Finally, Goldman Sachs Group Inc. bought a new position in Newegg Commerce in the 4th quarter worth approximately $490,000. 0.45% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded shares of Newegg Commerce from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, July 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of "Sell".
View Our Latest Analysis on NEGG
About Newegg Commerce
(
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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