Sean Matthew Oppen Purchases 10,000 Shares of NextNRG (NASDAQ:NXXT) Stock

NextNRG Inc. (NASDAQ:NXXT) Director Sean Matthew Oppen bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was purchased at an average cost of $1.82 per share, with a total value of $18,200.00. Following the completion of the transaction, the director directly owned 238,976 shares in the company, valued at $434,936.32. This represents a 4.37% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Sean Matthew Oppen also recently made the following trade(s):

• On Monday, September 22nd, Sean Matthew Oppen purchased 25,000 shares of NextNRG stock. The stock was purchased at an average price of $1.66 per share, for a total transaction of $41,500.00.

NextNRG Trading Up 26.0%

NASDAQ NXXT opened at $2.13 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.22 and a debt-to-equity ratio of 0.07. NextNRG Inc. has a 52 week low of $0.93 and a 52 week high of $4.34. The business has a 50 day moving average price of $1.63 and a 200-day moving average price of $2.47. The company has a market cap of $267.46 million, a price-to-earnings ratio of -0.32 and a beta of -0.60.

NextNRG (NASDAQ:NXXT) last issued its earnings results on Thursday, August 14th. The company reported ($0.30) earnings per share (EPS) for the quarter. The company had revenue of $19.69 million during the quarter.

Institutional Investors Weigh In On NextNRG

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings 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. New York State Common Retirement Fund purchased a new stake in shares of NextNRG during the 2nd quarter valued at approximately $103,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of NextNRG during the 1st quarter valued at approximately $110,000. Goldman Sachs Group Inc. bought a new position in NextNRG in the 1st quarter worth approximately $96,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in NextNRG in the 1st quarter valued at approximately $84,000. 10.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NXXT shares. Zacks Research upgraded shares of NextNRG to a “hold” rating in a report on Wednesday, September 3rd. ThinkEquity upgraded NextNRG to a “strong-buy” rating and set a $6.00 target price on the stock in a report on Monday, June 23rd. Finally, HC Wainwright started coverage on NextNRG in a 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 given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, NextNRG currently has a consensus rating of “Buy” and an average price target of $5.50.

NextNRG Company Profile

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.