Key Points
- Director Daniel Ronald Arbour sold 42,109 shares of NextNRG on Dec. 1 at an average $1.31 (worth $55,162.79) and also sold 27,891 (Dec. 9) and 23,859 (Dec. 5) shares, totaling 93,859 shares sold in early December and reducing his position by 19.88% after the Dec. 1 trade.
- NXXT shares fell 10.6% and opened at $1.44; the company reported a quarterly EPS loss of ($0.12), missing estimates by $0.07 while beating revenue expectations ($22.86M vs. $20.93M), and the stock carries a MarketBeat consensus of "Moderate Buy" with an average target of $5.50.
- Institutional activity included large inflows from Geode Capital (raising holdings to 314,454 shares after adding 301,210 shares) and several new modest positions by firms like OMERS and Goldman, with institutions now owning about 10.56% of the company.
NextNRG Inc. (NASDAQ:NXXT - Get Free Report) Director Daniel Ronald Arbour sold 23,859 shares of the company's stock in a transaction on Friday, December 5th. The stock was sold at an average price of $1.25, for a total transaction of $29,823.75. Following the completion of the transaction, the director owned 145,850 shares of the company's stock, valued at $182,312.50. This trade represents a 14.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Daniel Ronald Arbour also recently made the following trade(s):
- On Tuesday, December 9th, Daniel Ronald Arbour sold 27,891 shares of NextNRG stock. The shares were sold at an average price of $1.31, for a total transaction of $36,537.21.
- On Monday, December 1st, Daniel Ronald Arbour sold 42,109 shares of NextNRG stock. The shares were sold at an average price of $1.31, for a total transaction of $55,162.79.
NextNRG Price Performance
NXXT stock opened at $1.44 on Wednesday. NextNRG Inc. has a 1 year low of $0.93 and a 1 year high of $4.34. The firm has a 50-day moving average of $1.71 and a 200 day moving average of $1.94. The company has a market cap of $193.55 million, a P/E ratio of -0.71 and a beta of -0.54.
NextNRG (NASDAQ:NXXT - Get Free Report) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The business had revenue of $22.86 million during the quarter, compared to analyst estimates of $20.93 million.
Analyst Ratings Changes
Several equities research analysts recently weighed in on NXXT shares. Zacks Research raised NextNRG to a "hold" rating in a research note on Wednesday, September 3rd. Weiss Ratings restated a "sell (e+)" rating on shares of NextNRG in a report on Wednesday, October 8th. Wall Street Zen raised shares of NextNRG from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, HC Wainwright started coverage on shares of NextNRG in a research report on Tuesday, September 2nd. They set a "buy" rating and a $5.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $5.50.
Get Our Latest Analysis on NextNRG
Institutional Investors Weigh In On NextNRG
Several hedge funds have recently added to or reduced their stakes in NXXT. Vanguard Group Inc. grew its stake in shares of NextNRG by 131.2% in the third quarter. Vanguard Group Inc. now owns 1,049,265 shares of the company's stock worth $1,920,000 after acquiring an additional 595,448 shares during the last quarter. Forefront Wealth Partners LLC purchased a new position in shares of NextNRG in the 3rd quarter worth about $917,000. Geode Capital Management LLC boosted its stake in NextNRG by 2,274.3% in the 2nd quarter. Geode Capital Management LLC now owns 314,454 shares of the company's stock worth $871,000 after purchasing an additional 301,210 shares in the last quarter. Virtu Financial LLC purchased a new stake in NextNRG during the 3rd quarter valued at about $139,000. Finally, New York State Common Retirement Fund purchased a new stake in NextNRG during the 2nd quarter valued at about $103,000. 10.56% of the stock is owned by institutional investors.
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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