Andrew Jay Kaplan Buys 52,910 Shares of NextTrip (NASDAQ:NTRP) Stock

NextTrip, Inc. (NASDAQ:NTRP) Director Andrew Jay Kaplan purchased 52,910 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were purchased at an average cost of $1.89 per share, for a total transaction of $99,999.90. Following the purchase, the director directly owned 104,492 shares in the company, valued at approximately $197,489.88. This represents a 102.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NextTrip Stock Performance

Shares of NTRP stock opened at $1.94 on Wednesday. NextTrip, Inc. has a 1 year low of $0.90 and a 1 year high of $5.20. The stock has a market cap of $29.27 million, a PE ratio of -1.38 and a beta of 1.03. The stock has a fifty day moving average price of $1.59 and a 200 day moving average price of $2.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.61 and a current ratio of 0.61.

NextTrip (NASDAQ:NTRP) last issued its quarterly earnings results on Wednesday, July 15th. The company reported ($0.22) earnings per share for the quarter, meeting the consensus estimate of ($0.22). NextTrip had a negative return on equity of 246.48% and a negative net margin of 289.92%. Sell-side analysts forecast that NextTrip, Inc. will post -0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NTRP has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextTrip in a research note on Tuesday, September 1st. Ascendiant Capital Markets lifted their target price on NextTrip from $7.50 to $7.75 and gave the company a “buy” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NextTrip currently has a consensus rating of “Hold” and a consensus price target of $7.75.

About NextTrip

NextTrip, Inc (NASDAQ:NTRP) is a travel technology and online travel company that provides booking services for leisure and business travelers. Through its digital platform, the company offers access to accommodations, air travel, vacation packages, cruises, car rentals and other travel-related products and services.

NextTrip also develops business-to-business travel solutions designed to help travel agencies, corporate partners and other organizations market and sell travel products. Its technology and booking capabilities are intended to support direct-to-consumer transactions as well as partner and private-label distribution channels.

The company serves customers seeking travel within the United States and to international destinations through its online offerings.