Elliot Gibber Buys 5,000 Shares of Zedge, Inc. (NYSEAMERICAN:ZDGE) Stock

Zedge, Inc. (NYSEAMERICAN:ZDGE) Director Elliot Gibber bought 5,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were bought at an average cost of $2.04 per share, with a total value of $10,200.00. Following the completion of the purchase, the director now directly owns 226,083 shares in the company, valued at $461,209.32. This represents a 2.26 % 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.

Elliot Gibber also recently made the following trade(s):

• On Friday, April 11th, Elliot Gibber acquired 5,000 shares of Zedge stock. The shares were bought at an average cost of $1.95 per share, with a total value of $9,750.00.

Zedge Stock Performance

Shares of NYSEAMERICAN:ZDGE opened at $2.11 on Thursday. Zedge, Inc. has a fifty-two week low of $1.73 and a fifty-two week high of $4.37. The company has a market capitalization of $28.74 million, a P/E ratio of -3.15 and a beta of 1.25.

Institutional Investors Weigh In On Zedge

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new position in Zedge in the third quarter valued at $44,000. FMR LLC boosted its holdings in Zedge by 30.2% in the third quarter. FMR LLC now owns 44,414 shares of the company’s stock valued at $164,000 after purchasing an additional 10,293 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Zedge in the fourth quarter valued at approximately $71,000. Jane Street Group LLC acquired a new stake in Zedge during the fourth quarter worth approximately $53,000. Finally, Welch Group LLC purchased a new position in shares of Zedge in the 1st quarter valued at $29,000. 29.37% of the stock is currently owned by institutional investors and hedge funds.

About Zedge

Zedge, Inc builds digital marketplaces and competitive games around content that people use to express themselves. It offers the Zedge Ringtones and Wallpapers app, a freemium digital content marketplace that provides a wide array of mobile personalization content, including mobile phone wallpapers, video wallpapers, ringtones, and notification sounds.