Brett Widney Hoge Acquires 83,000 Shares of Newton Golf (NASDAQ:NWTG) Stock

Newton Golf Company, Inc. (NASDAQ:NWTG) Director Brett Widney Hoge acquired 83,000 shares of Newton Golf stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average price of $1.07 per share, with a total value of $88,810.00. Following the completion of the purchase, the director directly owned 231,371 shares of the company’s stock, valued at $247,566.97. The trade was a 55.94% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brett Widney Hoge also recently made the following trade(s):

• On Thursday, November 20th, Brett Widney Hoge bought 4,000 shares of Newton Golf stock. The stock was purchased at an average price of $1.20 per share, for a total transaction of $4,800.00.
• On Wednesday, November 19th, Brett Widney Hoge bought 15,000 shares of Newton Golf stock. The shares were purchased at an average cost of $1.16 per share, with a total value of $17,400.00.

Newton Golf Stock Down 1.7%

NWTG stock traded down $0.02 during mid-day trading on Thursday, reaching $1.16. 103,160 shares of the stock traded hands, compared to its average volume of 126,075. The business has a 50-day moving average of $1.63 and a two-hundred day moving average of $1.69. Newton Golf Company, Inc. has a 52 week low of $0.82 and a 52 week high of $53.10.

Newton Golf (NASDAQ:NWTG) last announced its earnings results on Thursday, November 13th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.15). The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.38 million. Newton Golf had a negative net margin of 172.69% and a negative return on equity of 566.85%. Newton Golf has set its FY 2025 guidance at EPS.

Institutional Investors Weigh In On Newton Golf

An institutional investor recently bought a new position in Newton Golf stock. Virtu Financial LLC acquired a new stake in Newton Golf Company, Inc. (NASDAQ:NWTG) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,009 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.35% of Newton Golf at the end of the most recent quarter. 0.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NWTG. Weiss Ratings restated a “sell (e)” rating on shares of Newton Golf in a research note on Monday. Wall Street Zen lowered shares of Newton Golf from a “hold” rating to a “sell” rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Newton Golf

Sacks Parente Golf, Inc (“SPG”) is a technology-forward golf company, with a growing portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related products. In April 2022, in consideration of our growth opportunities in shaft technologies, we expanded our manufacturing business to include advanced premium golf shafts by opening a new shaft manufacturing facility in St.