NextNRG (NASDAQ:NXXT) Director Sells $29,823.75 in Stock

NextNRG Inc. (NASDAQ:NXXT) Director Daniel Ronald Arbour sold 23,859 shares of the stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $1.25, for a total value of $29,823.75. Following the transaction, the director owned 145,850 shares in the company, valued at $182,312.50. The trade was a 14.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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 transaction 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 transaction of $55,162.79.

NextNRG Stock Down 11.5%

NASDAQ:NXXT traded down $0.19 during trading hours on Tuesday, reaching $1.43. The company had a trading volume of 1,647,805 shares, compared to its average volume of 663,901. NextNRG Inc. has a twelve month low of $0.93 and a twelve month high of $4.34. The firm has a market cap of $191.53 million, a price-to-earnings ratio of -0.71 and a beta of -0.53. The business’s 50-day simple moving average is $1.74 and its two-hundred day simple moving average is $1.95.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On NextNRG

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

About NextNRG

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.