NextNRG (NASDAQ:NXXT) CTO Avishai Vaknin Sells 15,509 Shares

NextNRG Inc. (NASDAQ:NXXT) CTO Avishai Vaknin sold 15,509 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $2.01, for a total transaction of $31,173.09. Following the completion of the transaction, the chief technology officer owned 49,204 shares of the company’s stock, valued at $98,900.04. This trade represents a 23.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

NextNRG Stock Up 1.6%

NextNRG stock opened at $1.89 on Wednesday. The stock has a market capitalization of $237.33 million, a PE ratio of -0.49 and a beta of -0.58. NextNRG Inc. has a twelve month low of $0.93 and a twelve month high of $4.34. The company has a 50 day moving average of $1.94 and a 200-day moving average of $2.35.

NextNRG (NASDAQ:NXXT) last announced its earnings results on Thursday, August 14th. The company reported ($0.30) earnings per share for the quarter. The company had revenue of $19.69 million for the quarter.

Analyst Ratings Changes

NXXT has been the subject of several recent research reports. HC Wainwright initiated coverage on NextNRG in a research report on Tuesday, September 2nd. They set a “buy” rating and a $5.00 price objective for the company. Zacks Research raised NextNRG to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of NextNRG in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NXXT. Forefront Wealth Partners LLC acquired a new position in NextNRG during the third quarter valued at approximately $917,000. Geode Capital Management LLC lifted its stake in NextNRG by 2,274.3% in the second quarter. Geode Capital Management LLC now owns 314,454 shares of the company’s stock valued at $871,000 after acquiring an additional 301,210 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in NextNRG in the second quarter valued at $103,000. Y Intercept Hong Kong Ltd acquired a new stake in NextNRG in the first quarter valued at $110,000. Finally, Goldman Sachs Group Inc. acquired a new stake in NextNRG in the first quarter valued at $96,000. 10.56% of the stock is owned by institutional investors and hedge funds.

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.