Wall Street Zen Upgrades JFB Construction (NASDAQ:JFB) to Hold

JFB Construction (NASDAQ:JFB) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFB Construction in a research report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

JFB Construction Trading Up 4.8%

NASDAQ:JFB opened at $15.36 on Friday. The stock has a market cap of $145.92 million and a PE ratio of -41.51. JFB Construction has a fifty-two week low of $3.39 and a fifty-two week high of $23.00. The firm’s 50-day simple moving average is $16.37.

JFB Construction (NASDAQ:JFB) last released its earnings results on Friday, November 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. JFB Construction had a negative return on equity of 31.22% and a negative net margin of 14.07%.The company had revenue of $4.98 million during the quarter.

Insider Buying and Selling

In related news, CEO Joseph Frank Basile III purchased 5,900 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were bought at an average price of $16.79 per share, with a total value of $99,061.00. Following the purchase, the chief executive officer directly owned 430,900 shares in the company, valued at $7,234,811. This trade represents a 1.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Ruben Calderon acquired 1,550 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average cost of $18.72 per share, with a total value of $29,016.00. Following the completion of the purchase, the chief financial officer owned 26,550 shares of the company’s stock, valued at $497,016. This trade represents a 6.20% increase in their ownership of the stock. The SEC filing for this purchase provides additional information.

Institutional Investors Weigh In On JFB Construction

An institutional investor recently bought a new position in JFB Construction stock. Nomura Holdings Inc. purchased a new stake in JFB Construction Holding (NASDAQ:JFB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,000 shares of the company’s stock, valued at approximately $258,000. Nomura Holdings Inc. owned approximately 0.21% of JFB Construction at the end of the most recent reporting period.

JFB Construction Company Profile

JFB is a commercial and residential real estate construction and development company. The Company’s management is dedicated to delivering high-quality services to commercial and residential markets, such as retail corporate buildouts, multifamily community developments and luxury residential homes, with a focus on fostering long-term relationships with clients, partners, and communities. Our comprehensive suite of services encompasses everything from initial project planning and design to the final stages of construction and project management.