Q1 Earnings Forecast for SurgePays Issued By Maxim Group

SurgePays, Inc. (NASDAQ:SURG) – Analysts at Maxim Group issued their Q1 2026 EPS estimates for SurgePays in a research note issued to investors on Wednesday, May 13th. Maxim Group analyst M. Diana expects that the medical equipment provider will post earnings of ($0.22) per share for the quarter. The consensus estimate for SurgePays’ current full-year earnings is ($0.44) per share.

Several other analysts also recently commented on the stock. Ascendiant Capital Markets decreased their target price on shares of SurgePays from $9.75 to $5.00 and set a “buy” rating for the company in a research report on Friday, April 17th. Zacks Research raised shares of SurgePays from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, SurgePays presently has a consensus rating of “Hold” and a consensus target price of $5.00.

SurgePays Stock Down 4.3%

SURG stock opened at $0.57 on Friday. The company has a market capitalization of $14.38 million, a price-to-earnings ratio of -0.32 and a beta of 0.32. SurgePays has a 12 month low of $0.46 and a 12 month high of $3.45. The firm has a 50 day moving average of $0.71 and a two-hundred day moving average of $1.32.

Institutional Trading of SurgePays

A number of institutional investors and hedge funds have recently modified their holdings of SURG. Jones Financial Companies Lllp lifted its stake in shares of SurgePays by 34,091.3% in the first quarter. Jones Financial Companies Lllp now owns 51,287 shares of the medical equipment provider’s stock worth $106,000 after buying an additional 51,137 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of SurgePays in the first quarter worth $28,000. Cetera Investment Advisers lifted its stake in shares of SurgePays by 61.0% in the second quarter. Cetera Investment Advisers now owns 45,400 shares of the medical equipment provider’s stock worth $141,000 after buying an additional 17,200 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of SurgePays in the second quarter worth $125,000. Finally, NewEdge Advisors LLC lifted its stake in shares of SurgePays by 46.2% in the second quarter. NewEdge Advisors LLC now owns 19,000 shares of the medical equipment provider’s stock worth $59,000 after buying an additional 6,000 shares during the last quarter. 6.94% of the stock is currently owned by institutional investors and hedge funds.

About SurgePays

SurgePays, Inc, together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates through three segments: Mobile Virtual Network Operators, Comprehensive Platform Services, and Lead Generation. The company offers subsidized and non-subsidized mobile virtual network operators for internet connectivity through mobile broadband services to consumers; ACH banking relationships and fintech transactions platform to convenience stores; wireless top-up transactions and wireless product aggregation; and lead generation and case management solutions primarily to law firms in the mass tort industry, as well as call center activities.