Key Points
- CTO Avishai Vaknin sold 15,000 shares on December 11 at an average price of $2.00 for $30,000, reducing his holding by 5.01% to 284,204 shares valued at $568,408, per an SEC filing.
- Quarterly results mixed: NextNRG reported ($0.12) EPS (missing the ($0.05) estimate) while revenue of $22.86 million beat the $20.93 million consensus.
- Market and analyst context: Shares opened at $1.61 and were down 6.9% (12‑month range $0.93–$4.34); analysts show mixed ratings but a MarketBeat consensus of "Moderate Buy" with an average target of $5.50.
NextNRG Inc. (NASDAQ:NXXT - Get Free Report) CTO Avishai Vaknin sold 15,000 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2.00, for a total transaction of $30,000.00. Following the completion of the sale, the chief technology officer directly owned 284,204 shares of the company's stock, valued at $568,408. This trade represents a 5.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Avishai Vaknin also recently made the following trade(s):
- On Friday, October 24th, Avishai Vaknin sold 15,509 shares of NextNRG stock. The stock was sold at an average price of $2.01, for a total transaction of $31,173.09.
NextNRG Trading Down 6.9%
NXXT opened at $1.61 on Tuesday. NextNRG Inc. has a twelve month low of $0.93 and a twelve month high of $4.34. The firm has a market cap of $216.40 million, a price-to-earnings ratio of -0.80 and a beta of -0.53. The company has a fifty day simple moving average of $1.74 and a 200 day simple moving average of $1.95.
NextNRG (NASDAQ:NXXT - Get Free Report) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.07). The business had revenue of $22.86 million for the quarter, compared to analysts' expectations of $20.93 million.
Analysts Set New Price Targets
A number of brokerages recently commented on NXXT. HC Wainwright assumed coverage on NextNRG in a report on Tuesday, September 2nd. They issued a "buy" rating and a $5.00 price target for the company. Wall Street Zen raised NextNRG from a "sell" rating to a "hold" rating in a research report on Saturday. Weiss Ratings reissued a "sell (e+)" rating on shares of NextNRG in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of NextNRG to a "hold" rating in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $5.50.
Get Our Latest Analysis on NextNRG
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in NXXT. Vanguard Group Inc. increased its holdings in shares of NextNRG by 131.2% in the 3rd quarter. Vanguard Group Inc. now owns 1,049,265 shares of the company's stock valued at $1,920,000 after acquiring an additional 595,448 shares during the last quarter. Forefront Wealth Partners LLC acquired a new position in NextNRG in the third quarter worth $917,000. Geode Capital Management LLC increased its stake in NextNRG by 2,274.3% during the second quarter. Geode Capital Management LLC now owns 314,454 shares of the company's stock valued at $871,000 after purchasing an additional 301,210 shares during the last quarter. Virtu Financial LLC bought a new stake in NextNRG during the third quarter valued at $139,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of NextNRG during the second quarter worth $103,000. Institutional investors and hedge funds own 10.56% of the company's stock.
NextNRG Company Profile
(
Get Free Report)
NextNRG, Inc engages in the provision of fuel delivery services. It provides app-based interface customers with the ability to select the time and location of their fueling. It offers diesel, red diesel, and REC-90. The company was founded by Yehuda Levy and Michael D. Farkas on March 28, 2019 and is headquartered in Miami, FL.
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