Wall Street Zen Upgrades NextNRG (NASDAQ:NXXT) to Hold

NextNRG (NASDAQ:NXXT) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

A number of other brokerages also recently issued reports on NXXT. Zacks Research raised NextNRG from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 16th. Weiss Ratings raised NextNRG from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, September 14th. Finally, HC Wainwright cut their target price on NextNRG to $15.00 and set a “buy” rating for the company in a research report on Friday, August 14th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.00.

NextNRG Stock Performance

Shares of NXXT opened at $1.14 on Friday. NextNRG has a 12 month low of $1.05 and a 12 month high of $28.80. The firm’s 50 day moving average is $2.44 and its 200-day moving average is $3.82. The stock has a market capitalization of $19.17 million, a PE ratio of -0.26 and a beta of 0.04.

Institutional Trading of NextNRG

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of NextNRG during the 2nd quarter worth approximately $33,000. Susquehanna International Group LLP raised its position in NextNRG by 872.9% during the second quarter. Susquehanna International Group LLP now owns 140,706 shares of the company’s stock valued at $49,000 after purchasing an additional 126,244 shares in the last quarter. Finally, Themes Management Co LLC acquired a new position in NextNRG during the first quarter valued at approximately $100,000. Institutional investors own 10.56% of the company’s stock.

NextNRG Company Profile

NextNRG, Inc is an energy and mobility company focused on providing fueling and electric-vehicle charging solutions. Its services are designed to help consumers, businesses and commercial fleets access energy more conveniently through mobile fuel delivery and charging infrastructure.

The company’s business includes mobile gasoline and diesel delivery, as well as the development and operation of electric-vehicle charging capabilities. Its platform is intended to support fleet operators and other customers seeking alternatives to conventional, fixed-location fueling.

NextNRG was previously known as EZFill Holdings, Inc, a company associated with on-demand mobile fueling services.