Allan Marshall Purchases 50,000 Shares of Upexi (NASDAQ:UPXI) Stock

Upexi, Inc. (NASDAQ:UPXI) CEO Allan Marshall bought 50,000 shares of Upexi stock in a transaction on Tuesday, December 23rd. The stock was acquired at an average cost of $1.80 per share, for a total transaction of $90,000.00. Following the acquisition, the chief executive officer owned 4,046,261 shares in the company, valued at approximately $7,283,269.80. This represents a 1.25% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Allan Marshall also recently made the following trade(s):

• On Tuesday, December 16th, Allan Marshall acquired 50,000 shares of Upexi stock. The stock was bought at an average cost of $2.07 per share, for a total transaction of $103,500.00.
• On Monday, December 15th, Allan Marshall purchased 100,000 shares of Upexi stock. The stock was bought at an average price of $2.07 per share, with a total value of $207,000.00.

Upexi Stock Down 7.5%

Upexi stock traded down $0.15 during midday trading on Tuesday, hitting $1.84. 4,354,486 shares of the stock were exchanged, compared to its average volume of 3,879,021. The business’s 50-day moving average price is $3.32 and its 200-day moving average price is $5.43. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.68. Upexi, Inc. has a 52-week low of $1.79 and a 52-week high of $22.57.

Upexi (NASDAQ:UPXI) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). Upexi had a net margin of 264.25% and a negative return on equity of 30.42%. The business had revenue of $9.24 million for the quarter, compared to the consensus estimate of $7.33 million.

Upexi declared that its Board of Directors has authorized a stock buyback program on Thursday, November 13th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 25.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Investors Weigh In On Upexi

A number of hedge funds have recently added to or reduced their stakes in UPXI. North Star Investment Management Corp. acquired a new stake in shares of Upexi during the 2nd quarter valued at $45,000. Kathmere Capital Management LLC acquired a new position in Upexi during the second quarter worth $6,535,000. Geode Capital Management LLC acquired a new position in shares of Upexi during the 2nd quarter valued at about $1,002,000. NewGen Equity Long Short Fund acquired a new position in Upexi during the second quarter valued at approximately $1,720,000. Finally, XTX Topco Ltd bought a new position in shares of Upexi in the second quarter worth about $249,000. 5.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Upexi in a research report on Monday, December 15th. Cantor Fitzgerald reduced their price target on shares of Upexi from $16.00 to $6.00 and set an “overweight” rating on the stock in a research report on Friday, November 14th. Finally, Wall Street Zen upgraded shares of Upexi from a “sell” rating to a “hold” rating in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.50.

Upexi Company Profile

Upexi (NASDAQ: UPXI) is a full-service digital consultancy that partners with brands to design, develop, and deploy digital products and marketing strategies. The company’s expertise spans user experience and interface design, custom software engineering, and data-driven marketing services. By integrating research, creative design, and technical execution, Upexi helps clients accelerate product development cycles and optimize their digital presence.

The firm serves a diverse, global clientele across sectors such as e-commerce, software-as-a-service (SaaS), healthcare, and finance.