Clear Street Group Inc. Makes New $856,000 Investment in Newegg Commerce, Inc. $NEGG

Clear Street Group Inc. acquired a new position in shares of Newegg Commerce, Inc. (NASDAQ:NEGG) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 20,400 shares of the company’s stock, valued at approximately $856,000. Clear Street Group Inc. owned approximately 0.05% of Newegg Commerce at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hussman Strategic Advisors Inc. bought a new stake in Newegg Commerce in the third quarter worth $1,762,000. Ritholtz Wealth Management purchased a new stake in Newegg Commerce during the third quarter valued at $243,000. Marshall Wace LLP bought a new position in Newegg Commerce during the second quarter valued at $4,281,000. UBS Group AG grew its stake in shares of Newegg Commerce by 242.0% in the 3rd quarter. UBS Group AG now owns 75,482 shares of the company’s stock worth $3,166,000 after buying an additional 53,411 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Newegg Commerce in the 3rd quarter worth $1,603,000. 0.45% of the stock is currently owned by institutional investors.

Newegg Commerce Trading Down 9.3%

NEGG stock opened at $40.01 on Monday. Newegg Commerce, Inc. has a twelve month low of $3.32 and a twelve month high of $137.84. The company has a current ratio of 1.25, a quick ratio of 0.52 and a debt-to-equity ratio of 0.41. The firm’s fifty day simple moving average is $49.19 and its two-hundred day simple moving average is $54.87.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Newegg Commerce in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Newegg Commerce Company Profile

Newegg Commerce, Inc (NASDAQ: NEGG) is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg’s business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.

In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.