Daniel Ronald Arbour Sells 27,891 Shares of NextNRG (NASDAQ:NXXT) Stock

NextNRG Inc. (NASDAQ:NXXT) Director Daniel Ronald Arbour sold 27,891 shares of NextNRG stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $1.31, for a total value of $36,537.21. Following the sale, the director owned 117,959 shares in the company, valued at $154,526.29. This represents a 19.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Daniel Ronald Arbour also recently made the following trade(s):

• On Friday, December 5th, Daniel Ronald Arbour sold 23,859 shares of NextNRG stock. The shares were sold at an average price of $1.25, for a total value of $29,823.75.
• 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 transaction of $55,162.79.

NextNRG Price Performance

Shares of NASDAQ:NXXT traded down $0.19 during midday trading on Tuesday, reaching $1.43. The company had a trading volume of 1,647,805 shares, compared to its average volume of 663,901. The stock has a market capitalization of $191.53 million, a P/E ratio of -0.71 and a beta of -0.53. The stock’s fifty day moving average price is $1.74 and its 200-day moving average price is $1.95. NextNRG Inc. has a one year low of $0.93 and a one year high of $4.34.

NextNRG (NASDAQ:NXXT) last posted its quarterly earnings data on Friday, November 14th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The business had revenue of $22.86 million for the quarter, compared to analysts’ expectations of $20.93 million.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in NextNRG by 131.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,049,265 shares of the company’s stock worth $1,920,000 after buying an additional 595,448 shares during the last quarter. Forefront Wealth Partners LLC acquired a new position in shares of NextNRG during the third quarter valued at $917,000. Geode Capital Management LLC boosted its holdings in shares of NextNRG by 2,274.3% during the second quarter. Geode Capital Management LLC now owns 314,454 shares of the company’s stock valued at $871,000 after acquiring an additional 301,210 shares during the period. Virtu Financial LLC bought a new position in shares of NextNRG during the third quarter worth about $139,000. Finally, New York State Common Retirement Fund acquired a new stake in shares of NextNRG in the 2nd quarter worth about $103,000. Institutional investors and hedge funds own 10.56% of the company’s stock.

Wall Street Analyst Weigh In

NXXT has been the subject of a number of research reports. HC Wainwright assumed coverage on NextNRG in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $5.00 price target for the company. Wall Street Zen raised NextNRG from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of NextNRG in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of NextNRG to a “hold” rating in a report on Wednesday, September 3rd. One 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 issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

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.