Upexi (NASDAQ:UPXI) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Upexi (NASDAQ:UPXI) from a hold rating to a sell rating in a report released on Sunday,Wall Street Zen reports.

UPXI has been the topic of a number of other reports. Cantor Fitzgerald reiterated an “overweight” rating and issued a $2.00 price objective on shares of Upexi in a research note on Friday, September 18th. Weiss Ratings restated a “sell (e+)” rating on shares of Upexi in a research note on Friday, September 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.00.

Upexi Stock Performance

NASDAQ:UPXI opened at $1.25 on Friday. Upexi has a 1 year low of $0.54 and a 1 year high of $7.75. The firm’s fifty day simple moving average is $0.94 and its 200 day simple moving average is $1.04. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.96. The firm has a market capitalization of $102.62 million, a PE ratio of -0.31 and a beta of -0.21.

Upexi (NASDAQ:UPXI) last released its earnings results on Thursday, September 17th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. Upexi had a negative net margin of 984.34% and a negative return on equity of 157.49%. The firm had revenue of $6.52 million during the quarter, compared to analyst estimates of $5.80 million.

Institutional Investors Weigh In On Upexi

Several hedge funds have recently made changes to their positions in UPXI. Clearstead Advisors LLC acquired a new position in Upexi in the 4th quarter valued at approximately $27,000. Engineers Gate Manager LP grew its holdings in shares of Upexi by 47.1% during the 2nd quarter. Engineers Gate Manager LP now owns 77,738 shares of the company’s stock worth $61,000 after purchasing an additional 24,885 shares in the last quarter. Millington Financial Advisors LLC grew its holdings in shares of Upexi by 100.0% during the 4th quarter. Millington Financial Advisors LLC now owns 40,000 shares of the company’s stock worth $67,000 after purchasing an additional 20,000 shares in the last quarter. Aristides Capital LLC bought a new stake in shares of Upexi during the fourth quarter valued at approximately $100,000. Finally, OMERS ADMINISTRATION Corp increased its position in shares of Upexi by 19.4% during the first quarter. OMERS ADMINISTRATION Corp now owns 120,800 shares of the company’s stock valued at $119,000 after purchasing an additional 19,600 shares during the period. Institutional investors own 5.68% of the company’s stock.

Upexi Company Profile

Upexi, Inc (NASDAQ: UPXI) is a consumer products company that develops, acquires and manages a portfolio of brands sold through e-commerce and other retail channels. Its business focuses on building products with recurring consumer demand and expanding their distribution across marketplaces, direct-to-consumer websites and brick-and-mortar retail.

The company’s portfolio has included brands in categories such as health and wellness, food and beverage, beauty, household products and pet care.