NextNRG (NASDAQ:NXXT) Director Sells $154,500.00 in Stock

NextNRG Inc. (NASDAQ:NXXT) Director Jack Leibler sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $1.03, for a total transaction of $154,500.00. Following the transaction, the director directly owned 56,007 shares in the company, valued at approximately $57,687.21. The trade was a 72.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

NextNRG Trading Up 7.2%

NASDAQ:NXXT traded up $0.09 during trading hours on Monday, hitting $1.27. 2,455,629 shares of the company traded hands, compared to its average volume of 2,069,599. NextNRG Inc. has a twelve month low of $0.93 and a twelve month high of $4.34. The stock has a market capitalization of $170.02 million, a price-to-earnings ratio of -0.63 and a beta of -0.56. The firm has a 50-day moving average of $1.46 and a 200 day moving average of $1.74.

NextNRG (NASDAQ:NXXT) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The company had revenue of $22.86 million during the quarter, compared to analyst estimates of $20.93 million.

Institutional Investors Weigh In On NextNRG

Hedge funds have recently made changes to their positions in the business. Forefront Wealth Partners LLC bought a new stake in shares of NextNRG during the 3rd quarter valued at about $917,000. Goldman Sachs Group Inc. purchased a new position in shares of NextNRG in the first quarter worth approximately $96,000. Veracity Capital LLC bought a new stake in NextNRG during the second quarter valued at approximately $34,000. JPMorgan Chase & Co. increased its holdings in NextNRG by 94.0% during the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the company’s stock valued at $43,000 after buying an additional 11,261 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in 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 buying an additional 301,210 shares during the last quarter. 10.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on NXXT. Wall Street Zen upgraded NextNRG from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of NextNRG in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $5.50.

About NextNRG

NextNRG Corp (NASDAQ: NXXT) is a technology-driven energy company specializing in the design, development and deployment of turnkey microgrid solutions and distributed energy systems. The company’s offerings include advanced energy storage systems, solar generation integration, and digital control platforms that allow commercial, industrial and utility customers to optimize energy reliability and reduce dependence on traditional grid infrastructure.

NextNRG’s services span the full project lifecycle, encompassing initial feasibility studies, engineering and procurement, construction management, and ongoing operations and maintenance.