FNY Investment Advisers LLC Takes $64,000 Position in Newegg Commerce, Inc. $NEGG

FNY Investment Advisers LLC acquired a new stake in shares of Newegg Commerce, Inc. (NASDAQ:NEGG) in the second quarter, HoldingsChannel reports. The firm acquired 4,000 shares of the company’s stock, valued at approximately $64,000.

Separately, XTX Topco Ltd bought a new position in shares of Newegg Commerce in the 1st quarter valued at about $55,000. 0.45% of the stock is currently owned by institutional investors and hedge funds.

Newegg Commerce Trading Up 7.0%

Shares of NASDAQ:NEGG opened at $47.37 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.25 and a debt-to-equity ratio of 0.41. Newegg Commerce, Inc. has a 12 month low of $3.32 and a 12 month high of $137.84. The company has a 50-day moving average price of $53.42 and a 200 day moving average price of $31.23.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Newegg Commerce in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Newegg Commerce presently has an average rating of “Sell”.

Insider Transactions at Newegg Commerce

In other news, major shareholder Vladimir Galkin acquired 11,111 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was acquired at an average price of $104.72 per share, with a total value of $1,163,543.92. Following the completion of the purchase, the insider directly owned 3,511,111 shares in the company, valued at approximately $367,683,543.92. This trade represents a 0.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 22.90% of the stock is currently owned by insiders.

About Newegg Commerce

Newegg Commerce, Inc operates as an electronics-focused e-retailer in North America. The company offers desktops, laptops, gaming laptops, peripherals, and accessories; CPU/processors, graphic cards, motherboards, storage devices, and computer accessories; home video and audio, headphones, pro audio/video, cellphones, wearables, and digital cameras; display and printing, office technology furniture, office supplies, and mailing and inventory supplies; and software, digital downloads, warranty and services, 3rd party gift cards, and entertainment products.