Upexi Target of Unusually Large Options Trading (NASDAQ:UPXI)

Upexi, Inc. (NASDAQ:UPXI) saw unusually large options trading activity on Friday. Stock traders acquired 12,799 call options on the company. This is an increase of 473% compared to the average daily volume of 2,232 call options.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Upexi in a research report on Friday, September 4th. Cantor Fitzgerald reiterated an “overweight” rating and set a $2.00 price objective on shares of Upexi in a research note on Friday. Finally, Wall Street Zen upgraded shares of Upexi from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Upexi has an average rating of “Hold” and a consensus target price of $5.00.

Upexi Stock Up 14.2%

UPXI traded up $0.15 on Friday, reaching $1.21. The company’s stock had a trading volume of 6,771,355 shares, compared to its average volume of 3,732,306. The stock has a 50 day moving average of $0.92 and a two-hundred day moving average of $1.03. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.96. The company has a market capitalization of $94.84 million, a price-to-earnings ratio of -1.93 and a beta of -0.21. Upexi has a fifty-two week low of $0.54 and a fifty-two week high of $7.75.

Hedge Funds Weigh In On Upexi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrington Capital Management LLC acquired a new stake in Upexi in the fourth quarter worth $4,637,000. MMCAP International Inc. SPC boosted its stake in Upexi by 203.4% during the 4th quarter. MMCAP International Inc. SPC now owns 2,326,777 shares of the company’s stock valued at $3,909,000 after purchasing an additional 1,559,844 shares in the last quarter. Clearstead Advisors LLC acquired a new position in shares of Upexi during the 4th quarter valued at $27,000. Millington Financial Advisors LLC grew its stake in shares of Upexi by 100.0% in the 4th quarter. Millington Financial Advisors LLC now owns 40,000 shares of the company’s stock worth $67,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its position in shares of Upexi by 47.1% in the second quarter. Engineers Gate Manager LP now owns 77,738 shares of the company’s stock worth $61,000 after buying an additional 24,885 shares during the period. 5.68% of the stock is owned by hedge funds and other institutional investors.

About Upexi

Upexi, Inc (NASDAQ: UPXI) is a consumer products company that develops, acquires and manages a portfolio of brands sold through e-commerce and other retail channels. Its business focuses on building products with recurring consumer demand and expanding their distribution across marketplaces, direct-to-consumer websites and brick-and-mortar retail.

The company’s portfolio has included brands in categories such as health and wellness, food and beverage, beauty, household products and pet care.