Daniel Ronald Arbour Sells 27,891 Shares of NextNRG (NASDAQ:NXXT) Stock

NextNRG Inc. (NASDAQ:NXXT) Director Daniel Ronald Arbour sold 27,891 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $1.31, for a total value of $36,537.21. Following the transaction, the director directly owned 117,959 shares in the company, valued at $154,526.29. This trade represents a 19.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Daniel Ronald Arbour also recently made the following trade(s):

• On Friday, December 5th, Daniel Ronald Arbour sold 23,859 shares of NextNRG stock. The stock was sold at an average price of $1.25, for a total value of $29,823.75.
• On Monday, December 1st, Daniel Ronald Arbour sold 42,109 shares of NextNRG stock. The shares were sold at an average price of $1.31, for a total transaction of $55,162.79.

NextNRG Trading Down 2.8%

Shares of NASDAQ NXXT opened at $1.40 on Thursday. NextNRG Inc. has a 1 year low of $0.93 and a 1 year high of $4.34. The firm’s 50-day moving average is $1.68 and its 200-day moving average is $1.93. The firm has a market capitalization of $188.17 million, a PE ratio of -0.69 and a beta of -0.54.

NextNRG (NASDAQ:NXXT) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The company had revenue of $22.86 million for the quarter, compared to analyst estimates of $20.93 million.

Analysts Set New Price Targets

Several brokerages have commented on NXXT. Wall Street Zen upgraded shares of NextNRG from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Zacks Research upgraded NextNRG to a “hold” rating in a report on Wednesday, September 3rd. HC Wainwright began coverage on NextNRG in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $5.00 target price on the stock. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of NextNRG in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $5.50.

Institutional Trading of NextNRG

A number of large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in NextNRG in the 2nd quarter valued at approximately $26,000. Intech Investment Management LLC bought a new stake in NextNRG during the second quarter worth $29,000. JPMorgan Chase & Co. lifted its stake in NextNRG by 94.0% in the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the company’s stock valued at $43,000 after acquiring an additional 11,261 shares during the last quarter. Veracity Capital LLC acquired a new stake in NextNRG in the second quarter valued at $34,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of NextNRG in the 1st quarter valued at about $84,000. 10.56% of the stock is owned by institutional investors.

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.