Newegg Commerce (NASDAQ:NEGG) Issues Earnings Results

Newegg Commerce (NASDAQ:NEGG) released its earnings results on Thursday. The company reported $999.00 earnings per share for the quarter, Zacks reports.

Newegg Commerce Price Performance

Shares of NASDAQ NEGG opened at $18.57 on Friday. Newegg Commerce has a twelve month low of $4.82 and a twelve month high of $137.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.41 and a quick ratio of 0.76. The company’s fifty day moving average is $33.05 and its 200-day moving average is $48.01.

Insider Activity at Newegg Commerce

In related news, Director Fred Faching Chang sold 10,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $20.14, for a total transaction of $201,400.00. Following the sale, the director owned 3,176,646 shares of the company’s stock, valued at approximately $63,977,650.44. This trade represents a 0.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 177,854 shares of company stock valued at $4,616,778. 22.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC bought a new stake in shares of Newegg Commerce in the third quarter worth about $30,000. Royal Bank of Canada lifted its holdings in shares of Newegg Commerce by 5,472.2% during the 4th quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock valued at $51,000 after purchasing an additional 985 shares in the last quarter. Bank of America Corp DE grew its position in shares of Newegg Commerce by 10,675.0% in the 2nd quarter. Bank of America Corp DE now owns 10,775 shares of the company’s stock valued at $175,000 after purchasing an additional 10,675 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of Newegg Commerce in the 3rd quarter valued at approximately $207,000. Finally, Squarepoint Ops LLC bought a new stake in Newegg Commerce during the 4th quarter worth approximately $251,000. 0.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

About Newegg Commerce

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.