NextTrip (NASDAQ:NTRP) Director Buys $50,000.50 in Stock

NextTrip, Inc. (NASDAQ:NTRP) Director Andrew Jay Kaplan bought 18,182 shares of NextTrip stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of $2.75 per share, with a total value of $50,000.50. Following the completion of the acquisition, the director directly owned 51,582 shares in the company, valued at $141,850.50. This represents a 54.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NextTrip Trading Up 0.4%

NextTrip stock opened at $2.51 on Thursday. The firm has a 50 day moving average of $2.86 and a 200 day moving average of $3.32. The firm has a market capitalization of $34.31 million, a price-to-earnings ratio of -1.76 and a beta of 1.09. NextTrip, Inc. has a 12-month low of $1.72 and a 12-month high of $5.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On NextTrip

A number of institutional investors have recently added to or reduced their stakes in NTRP. Armistice Capital LLC purchased a new stake in NextTrip during the 4th quarter valued at approximately $3,230,000. Kera Capital Partners Inc. purchased a new stake in NextTrip during the 3rd quarter valued at approximately $33,000. Finally, Geode Capital Management LLC grew its holdings in NextTrip by 21.6% during the 4th quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock valued at $129,000 after buying an additional 7,086 shares in the last quarter. 3.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NTRP has been the subject of several analyst reports. Zacks Research raised shares of NextTrip to a “hold” rating in a report on Tuesday, March 17th. Ascendiant Capital Markets initiated coverage on shares of NextTrip in a report on Monday, March 2nd. They issued a “buy” rating and a $7.00 target price for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of NextTrip in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, NextTrip presently has a consensus rating of “Hold” and a consensus price target of $7.00.

NextTrip Company Profile

NextTrip, Inc, through its subsidiaries, engages in the provision of travel technology solutions in the United States. The company offers NXT2.0, a booking engine technology platform, which provides travel distributors access to an inventory. It is also involved in the provision of online leisure travel agency services for booking hotels, flights, and curated vacations. The company was formerly known as Sigma Additive Solutions, Inc and changed its name to NextTrip, Inc in March 2024. NextTrip, Inc is based in Sunrise, Florida.