Cantor Fitzgerald Lowers Upexi (NASDAQ:UPXI) Price Target to $1.30

Upexi (NASDAQ:UPXI) had its target price lowered by research analysts at Cantor Fitzgerald from $2.00 to $1.30 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 46.89% from the stock’s current price.

UPXI has been the subject of a number of other reports. Weiss Ratings downgraded Upexi from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, June 8th. Wall Street Zen upgraded Upexi from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Upexi has a consensus rating of “Hold” and a consensus target price of $8.10.

Upexi Stock Up 12.9%

Shares of NASDAQ UPXI traded up $0.10 during mid-day trading on Wednesday, hitting $0.89. The company had a trading volume of 1,114,545 shares, compared to its average volume of 4,240,427. The company has a market capitalization of $62.18 million, a PE ratio of -1.43 and a beta of -0.35. The firm has a 50-day simple moving average of $1.16 and a two-hundred day simple moving average of $1.33. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.96. Upexi has a one year low of $0.54 and a one year high of $10.62.

Upexi (NASDAQ:UPXI) last released its earnings results on Tuesday, May 12th. The company reported ($1.67) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($1.47). Upexi had a negative net margin of 874.00% and a negative return on equity of 66.70%. The company had revenue of $1.05 million during the quarter, compared to analyst estimates of $2.90 million.

Institutional Investors Weigh In On Upexi

Institutional investors and hedge funds have recently modified their holdings of the company. Clearstead Advisors LLC acquired a new stake in Upexi in the 4th quarter valued at about $27,000. Price T Rowe Associates Inc. MD acquired a new position in Upexi during the fourth quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new position in Upexi during the fourth quarter worth approximately $58,000. Millington Financial Advisors LLC raised its stake in Upexi by 100.0% in the fourth quarter. Millington Financial Advisors LLC now owns 40,000 shares of the company’s stock valued at $67,000 after buying an additional 20,000 shares during the period. Finally, Bank of America Corp DE raised its stake in Upexi by 3,733.8% in the third quarter. Bank of America Corp DE now owns 13,725 shares of the company’s stock valued at $79,000 after buying an additional 13,367 shares during the period. 5.68% of the stock is owned by institutional investors.

Upexi Company Profile

Upexi (NASDAQ: UPXI) is a full-service digital consultancy that partners with brands to design, develop, and deploy digital products and marketing strategies. The company’s expertise spans user experience and interface design, custom software engineering, and data-driven marketing services. By integrating research, creative design, and technical execution, Upexi helps clients accelerate product development cycles and optimize their digital presence.

The firm serves a diverse, global clientele across sectors such as e-commerce, software-as-a-service (SaaS), healthcare, and finance.