Daniel Ronald Arbour Sells 23,859 Shares of NextNRG (NASDAQ:NXXT) Stock

NextNRG Inc. (NASDAQ:NXXT) Director Daniel Ronald Arbour sold 23,859 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $1.25, for a total transaction of $29,823.75. Following the completion of the sale, the director directly owned 145,850 shares of the company’s stock, valued at $182,312.50. The trade was a 14.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible 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 shares were sold at an average price of $1.31, for a total value of $36,537.21.
• On Monday, December 1st, Daniel Ronald Arbour sold 42,109 shares of NextNRG stock. The stock was sold at an average price of $1.31, for a total value of $55,162.79.

NextNRG Trading Down 2.8%

Shares of NXXT stock opened at $1.40 on Thursday. The company has a market capitalization of $188.17 million, a P/E ratio of -0.69 and a beta of -0.54. The business’s 50 day moving average is $1.68 and its two-hundred day moving average is $1.93. NextNRG Inc. has a twelve month low of $0.93 and a twelve month high of $4.34.

NextNRG (NASDAQ:NXXT) last issued its quarterly earnings results 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 company had revenue of $22.86 million during the quarter, compared to analysts’ expectations of $20.93 million.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NXXT. Wall Street Zen upgraded shares of NextNRG from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextNRG in a research report on Wednesday, October 8th. HC Wainwright started coverage on NextNRG in a report on Tuesday, September 2nd. They issued a “buy” rating and a $5.00 price target for the company. Finally, Zacks Research upgraded NextNRG to a “hold” rating in a research note on Wednesday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $5.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in NextNRG in the second quarter valued at about $26,000. Intech Investment Management LLC acquired a new stake in shares of NextNRG in the 2nd quarter worth approximately $29,000. JPMorgan Chase & Co. purchased a new position in NextNRG in the 2nd quarter valued at approximately $33,000. Veracity Capital LLC purchased a new position in NextNRG in the 2nd quarter valued at approximately $34,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in NextNRG during the first quarter worth $84,000. 10.56% of the stock is currently owned by institutional investors and hedge funds.

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.