Key Points
- Director Fred Chang sold 12,564 Newegg shares at an average price of $15.13, generating $190,093.32. He still owns 3,033,959 shares, valued at approximately $45.9 million.
- Chang has made multiple additional sales since September 1, totaling more than 71,000 shares, while NEGG shares recently traded at $14.44—well below the 52-week high of $96.29.
- Newegg’s latest quarterly results beat earnings expectations with $0.11 EPS versus an estimated loss of $0.40, but revenue of $320.41 million missed the $439.20 million consensus estimate. The stock carries a consensus “Sell” rating.
Newegg Commerce, Inc. (NASDAQ:NEGG - Get Free Report) Director Fred Chang sold 12,564 shares of the company's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $15.13, for a total value of $190,093.32. Following the transaction, the director directly owned 3,033,959 shares in the company, valued at approximately $45,903,799.67. The trade was a 0.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Fred Faching Chang also recently made the following trade(s):
- On Tuesday, September 8th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.18, for a total value of $206,174.76.
- On Friday, September 4th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.62, for a total value of $212,150.84.
- On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was 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 transaction 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
Shares of NEGG stock opened at $14.44 on Friday. The company has a 50 day moving average price of $15.83 and a 200-day moving average price of $25.66. Newegg Commerce, Inc. has a 52 week low of $12.50 and a 52 week high of $96.29. The company has a current ratio of 1.55, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21.
Newegg Commerce (NASDAQ:NEGG - Get Free Report) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of ($0.40) by $0.51. The company had revenue of $320.41 million for the quarter, compared to the consensus estimate of $439.20 million.
Institutional Investors Weigh In On Newegg Commerce
A number of large investors have recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new stake in shares of Newegg Commerce during the 3rd quarter valued at about $30,000. Royal Bank of Canada boosted its holdings in shares of Newegg Commerce by 5,472.2% in the fourth quarter. Royal Bank of Canada now owns 1,003 shares of the company's stock worth $51,000 after buying an additional 985 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Newegg Commerce in the fourth quarter worth approximately $251,000. Qube Research & Technologies Ltd bought a new stake in Newegg Commerce during the third quarter valued at approximately $207,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Newegg Commerce during the fourth quarter valued at approximately $490,000. 0.45% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings raised Newegg Commerce from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, July 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus 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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