NextNRG (NASDAQ:NXXT) Director Daniel Ronald Arbour Sells 42,109 Shares

NextNRG Inc. (NASDAQ:NXXT) Director Daniel Ronald Arbour sold 42,109 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $1.31, for a total value of $55,162.79. Following the transaction, the director owned 169,709 shares of the company’s stock, valued at approximately $222,318.79. This trade represents a 19.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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 stock was sold at an average price of $1.31, for a total transaction of $36,537.21.
• On Friday, December 5th, Daniel Ronald Arbour sold 23,859 shares of NextNRG stock. The shares were sold at an average price of $1.25, for a total transaction of $29,823.75.

NextNRG Stock Performance

Shares of NXXT traded down $0.19 during mid-day trading on Tuesday, reaching $1.43. The stock had a trading volume of 1,647,805 shares, compared to its average volume of 663,901. The business has a fifty day moving average of $1.74 and a 200 day moving average of $1.95. The firm has a market cap of $191.53 million, a price-to-earnings ratio of -0.71 and a beta of -0.53. NextNRG Inc. has a 12 month low of $0.93 and a 12 month high of $4.34.

NextNRG (NASDAQ:NXXT) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The firm had revenue of $22.86 million for the quarter, compared to analysts’ expectations of $20.93 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. purchased a new stake in NextNRG during the first quarter valued at $96,000. Veracity Capital LLC bought a new stake in shares of NextNRG in the 2nd quarter worth about $34,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of NextNRG during the 1st quarter valued at about $84,000. Virtu Financial LLC bought a new position in shares of NextNRG in the 3rd quarter valued at about $139,000. Finally, Vanguard Group Inc. grew its position in 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 in the last quarter. 10.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Wall Street Zen upgraded NextNRG from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research raised NextNRG to a “hold” rating in a research note on Wednesday, September 3rd. HC Wainwright assumed coverage on NextNRG in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $5.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextNRG in a report on Wednesday, October 8th. 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.50.

About NextNRG

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.