Mark Ghermezian Sells 25,767 Shares of Zedge, Inc. (NYSEAMERICAN:ZDGE) Stock

Zedge, Inc. (NYSEAMERICAN:ZDGE) Director Mark Ghermezian sold 25,767 shares of Zedge stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $3.99, for a total transaction of $102,810.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Mark Ghermezian also recently made the following trade(s):

• On Tuesday, June 24th, Mark Ghermezian sold 46,683 shares of Zedge stock. The shares were sold at an average price of $4.06, for a total transaction of $189,532.98.

Zedge Stock Performance

NYSEAMERICAN:ZDGE opened at $4.01 on Friday. Zedge, Inc. has a one year low of $1.73 and a one year high of $4.37. The company has a market cap of $53.49 million, a price-to-earnings ratio of -30.85 and a beta of 0.83. The firm has a 50-day simple moving average of $2.68.

Institutional Investors Weigh In On Zedge

Large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of Zedge in the 4th quarter valued at about $53,000. Squarepoint Ops LLC purchased a new position in shares of Zedge in the 4th quarter worth approximately $71,000. Flower City Capital purchased a new position in shares of Zedge in the 1st quarter worth approximately $31,000. XTX Topco Ltd purchased a new position in shares of Zedge in the 4th quarter worth approximately $40,000. Finally, Welch Group LLC purchased a new position in shares of Zedge in the 1st quarter worth approximately $29,000. Institutional investors own 29.37% of the company’s stock.

About Zedge

Zedge, Inc builds digital marketplaces and competitive games around content that people use to express themselves. It offers the Zedge Ringtones and Wallpapers app, a freemium digital content marketplace that provides a wide array of mobile personalization content, including mobile phone wallpapers, video wallpapers, ringtones, and notification sounds.