Ascendiant Capital Markets Comments on SurgePays Q1 Earnings

SurgePays, Inc. (NASDAQ:SURG) – Equities research analysts at Ascendiant Capital Markets issued their Q1 2027 earnings per share estimates for shares of SurgePays in a research note issued on Thursday, April 16th. Ascendiant Capital Markets analyst E. Woo forecasts that the medical equipment provider will post earnings per share of ($0.03) for the quarter. Ascendiant Capital Markets currently has a “Buy” rating and a $5.00 target price on the stock. The consensus estimate for SurgePays’ current full-year earnings is $0.20 per share. Ascendiant Capital Markets also issued estimates for SurgePays’ Q2 2027 earnings at ($0.01) EPS, Q3 2027 earnings at $0.07 EPS, Q4 2027 earnings at $0.03 EPS and FY2027 earnings at $0.06 EPS.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen upgraded SurgePays to a “sell” rating in a report on Saturday, January 3rd. Zacks Research upgraded SurgePays from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of SurgePays in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.00.

SurgePays Stock Down 4.5%

NASDAQ:SURG opened at $0.70 on Wednesday. SurgePays has a 52 week low of $0.46 and a 52 week high of $3.47. The stock has a market capitalization of $17.51 million, a PE ratio of -0.39 and a beta of 0.54. The stock’s 50-day moving average price is $0.79 and its 200-day moving average price is $1.55.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC purchased a new position in SurgePays in the 4th quarter worth approximately $52,000. Gaddis Premier Wealth Advisors LLC purchased a new stake in shares of SurgePays during the 4th quarter valued at approximately $631,000. Millennium Capital Advisors LLC purchased a new stake in shares of SurgePays during the 4th quarter valued at approximately $142,000. CIBC Private Wealth Group LLC purchased a new stake in shares of SurgePays during the 3rd quarter valued at approximately $211,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in shares of SurgePays during the 3rd quarter valued at approximately $320,000. 6.94% of the stock is owned by hedge funds and other institutional investors.

SurgePays Company Profile

SurgePays, Inc, together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates through three segments: Mobile Virtual Network Operators, Comprehensive Platform Services, and Lead Generation. The company offers subsidized and non-subsidized mobile virtual network operators for internet connectivity through mobile broadband services to consumers; ACH banking relationships and fintech transactions platform to convenience stores; wireless top-up transactions and wireless product aggregation; and lead generation and case management solutions primarily to law firms in the mass tort industry, as well as call center activities.