Insider Selling: NextNRG (NASDAQ:NXXT) Director Sells 27,891 Shares of Stock

NextNRG Inc. (NASDAQ:NXXT) Director Daniel Ronald Arbour sold 27,891 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $1.31, for a total transaction of $36,537.21. Following the completion of the sale, the director directly owned 117,959 shares of the company’s stock, valued at $154,526.29. The trade was a 19.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Daniel Ronald Arbour also recently made the following trade(s):

• On Friday, December 5th, Daniel Ronald Arbour sold 23,859 shares of NextNRG stock. The stock was sold at an average price of $1.25, for a total value of $29,823.75.
• On Monday, December 1st, Daniel Ronald Arbour sold 42,109 shares of NextNRG stock. The shares were sold at an average price of $1.31, for a total value of $55,162.79.

NextNRG Stock Down 11.5%

NXXT traded down $0.19 on Tuesday, hitting $1.43. 1,647,805 shares of the company traded hands, compared to its average volume of 663,901. NextNRG Inc. has a 12-month low of $0.93 and a 12-month high of $4.34. The company has a 50 day moving average of $1.74 and a 200-day moving average of $1.95. The stock has a market capitalization of $191.53 million, a PE ratio of -0.71 and a beta of -0.53.

NextNRG (NASDAQ:NXXT) last announced its earnings results on Friday, November 14th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.07). The business had revenue of $22.86 million during the quarter, compared to the consensus estimate of $20.93 million.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of NextNRG from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded shares of NextNRG to a “hold” rating in a research report on Wednesday, September 3rd. HC Wainwright started coverage on NextNRG in a research report on Tuesday, September 2nd. They set a “buy” rating and a $5.00 price target for the company. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of NextNRG in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.50.

Institutional Investors Weigh In On NextNRG

A number of institutional investors have recently added to or reduced their stakes in NXXT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in NextNRG during the second quarter worth about $26,000. Intech Investment Management LLC purchased a new stake in shares of NextNRG during the 2nd quarter worth about $29,000. JPMorgan Chase & Co. acquired a new stake in NextNRG during the 2nd quarter worth approximately $33,000. Veracity Capital LLC purchased a new position in shares of NextNRG in the 2nd quarter valued at $34,000. Finally, Millennium Management LLC purchased a new position in NextNRG in the third quarter valued at about $66,000. Hedge funds and other institutional investors own 10.56% of the company’s stock.

About NextNRG

NextNRG, Inc engages in the provision of fuel delivery services. It provides app-based interface customers with the ability to select the time and location of their fueling. It offers diesel, red diesel, and REC-90. The company was founded by Yehuda Levy and Michael D. Farkas on March 28, 2019 and is headquartered in Miami, FL.