NextTrip (NASDAQ:NTRP) Director Andrew Jay Kaplan Acquires 18,182 Shares

NextTrip, Inc. (NASDAQ:NTRP) Director Andrew Jay Kaplan bought 18,182 shares of the business’s stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $2.75 per share, with a total value of $50,000.50. Following the transaction, the director directly owned 51,582 shares of the company’s stock, valued at approximately $141,850.50. This trade represents a 54.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

NextTrip Price Performance

Shares of NASDAQ:NTRP opened at $2.48 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $33.90 million, a PE ratio of -1.73 and a beta of 1.09. NextTrip, Inc. has a twelve month low of $1.72 and a twelve month high of $5.20. The company has a 50-day moving average price of $2.88 and a two-hundred day moving average price of $3.33.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of NextTrip in a research report on Friday, March 27th. Ascendiant Capital Markets assumed coverage on shares of NextTrip in a research report on Monday, March 2nd. They issued a “buy” rating and a $7.00 price objective for the company. Finally, Zacks Research upgraded shares of NextTrip to a “hold” rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.00.

Institutional Investors Weigh In On NextTrip

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in NextTrip by 21.6% in the fourth quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock valued at $129,000 after purchasing an additional 7,086 shares in the last quarter. Armistice Capital LLC purchased a new stake in NextTrip in the fourth quarter valued at approximately $3,230,000. Finally, Kera Capital Partners Inc. purchased a new stake in NextTrip in the third quarter valued at approximately $33,000. 3.81% of the stock is owned by hedge funds and other institutional investors.

NextTrip Company Profile

NextTrip, Inc, through its subsidiaries, engages in the provision of travel technology solutions in the United States. The company offers NXT2.0, a booking engine technology platform, which provides travel distributors access to an inventory. It is also involved in the provision of online leisure travel agency services for booking hotels, flights, and curated vacations. The company was formerly known as Sigma Additive Solutions, Inc and changed its name to NextTrip, Inc in March 2024. NextTrip, Inc is based in Sunrise, Florida.