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

NextNRG Inc. (NASDAQ:NXXT) Director Daniel Ronald Arbour sold 23,859 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $182,312.50. This represents a 14.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 value 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 value of $55,162.79.

NextNRG Price Performance

Shares of NextNRG stock opened at $1.28 on Friday. The stock has a market capitalization of $172.04 million, a price-to-earnings ratio of -0.63 and a beta of -0.54. The business has a 50-day moving average of $1.66 and a 200 day moving average of $1.93. NextNRG Inc. has a 12 month low of $0.93 and a 12 month high of $4.34.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On NextNRG

Several 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 second quarter valued at $26,000. Intech Investment Management LLC acquired a new position in shares of NextNRG during the 2nd quarter worth about $29,000. JPMorgan Chase & Co. purchased a new position in shares of NextNRG in the 2nd quarter valued at about $33,000. Veracity Capital LLC acquired a new stake in shares of NextNRG during the 2nd quarter worth about $34,000. Finally, Millennium Management LLC acquired a new stake in shares of NextNRG during the 3rd quarter worth about $66,000. Hedge funds and other institutional investors own 10.56% of the company’s stock.

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.