Fred Faching Chang Sells 13,582 Shares of Newegg Commerce (NASDAQ:NEGG) Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 13,582 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $15.62, for a total transaction of $212,150.84. Following the sale, the director directly owned 3,060,105 shares in the company, valued at $47,798,840.10. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Fred Faching Chang also recently made the following trade(s):

• On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $16.40, for a total transaction of $58,744.80.
• On Wednesday, September 2nd, Fred Chang sold 23,582 shares of Newegg Commerce stock. The stock was sold at an average price of $16.77, for a total transaction of $395,470.14.
• On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.87, for a total value of $56,846.34.

Newegg Commerce Stock Down 0.7%

Shares of NEGG opened at $15.06 on Thursday. The company has a current ratio of 1.55, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $15.84 and its two-hundred day moving average price is $25.92. Newegg Commerce, Inc. has a 52 week low of $12.50 and a 52 week high of $96.29.

Newegg Commerce (NASDAQ:NEGG) last released its earnings results on Thursday, August 27th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.51. The firm had revenue of $320.41 million for the quarter, compared to the consensus estimate of $439.20 million.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Newegg Commerce currently has an average rating of “Sell”.

Institutional Investors Weigh In On Newegg Commerce

A number of institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC acquired a new position in Newegg Commerce in the third quarter valued at about $30,000. Royal Bank of Canada grew its position in shares of Newegg Commerce by 5,472.2% during the 4th quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock worth $51,000 after buying an additional 985 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Newegg Commerce during the 4th quarter worth about $251,000. Qube Research & Technologies Ltd bought a new stake in shares of Newegg Commerce in the 3rd quarter valued at about $207,000. Finally, Geode Capital Management LLC increased its stake in shares of Newegg Commerce by 39.8% in the 4th quarter. Geode Capital Management LLC now owns 17,674 shares of the company’s stock valued at $897,000 after acquiring an additional 5,028 shares during the last quarter. 0.45% of the stock is owned by institutional investors and hedge funds.

Newegg Commerce Company Profile

Newegg Commerce, Inc (NASDAQ: NEGG) is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg’s business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.

In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.