Upexi (NASDAQ:UPXI) Receives Overweight Rating from Cantor Fitzgerald

Key Points

• Cantor Fitzgerald reaffirmed its “overweight” rating on Upexi and set a $2.00 price target, implying 89.57% upside from the prior close.
• Analyst sentiment remains mixed: Upexi has an average “Hold” rating and a $5.00 consensus price target, with one Buy and one Sell rating among tracked analysts.
• UPXI opened at $1.05 and has a market capitalization of approximately $83 million; institutional investors own 5.68% of the company’s stock.

Upexi (NASDAQ:UPXI - Get Free Report)'s stock had its "overweight" rating reissued by Cantor Fitzgerald in a research report issued on Friday, Benzinga reports. They presently have a $2.00 price target on the stock. Cantor Fitzgerald's price target indicates a potential upside of 89.57% from the stock's previous close.

A number of other analysts have also commented on the company. Wall Street Zen upgraded Upexi from a "sell" rating to a "hold" rating in a research report on Saturday, September 12th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Upexi in a research note on Friday, September 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Upexi has an average rating of "Hold" and an average price target of $5.00.

Upexi Trading Up 0.5%

UPXI stock opened at $1.05 on Friday. The company has a market cap of $83.03 million, a P/E ratio of -1.70 and a beta of -0.21. Upexi has a twelve month low of $0.54 and a twelve month high of $7.75. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.96. The business has a fifty day moving average of $0.92 and a 200-day moving average of $1.03.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP increased its holdings in Upexi by 47.1% in the second quarter. Engineers Gate Manager LP now owns 77,738 shares of the company's stock valued at $61,000 after purchasing an additional 24,885 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its holdings in Upexi by 19.4% during the first quarter. OMERS ADMINISTRATION Corp now owns 120,800 shares of the company's stock worth $119,000 after buying an additional 19,600 shares during the last quarter. J. Derek Lewis & Associates Inc. acquired a new position in shares of Upexi during the 4th quarter worth about $255,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Upexi during the 4th quarter worth about $268,000. Finally, Aristides Capital LLC bought a new stake in shares of Upexi in the 4th quarter valued at about $100,000. 5.68% of the stock is currently owned by institutional investors.

Upexi Company Profile

Upexi, Inc NASDAQ: UPXI is a consumer products company that develops, acquires and manages a portfolio of brands sold through e-commerce and other retail channels. Its business focuses on building products with recurring consumer demand and expanding their distribution across marketplaces, direct-to-consumer websites and brick-and-mortar retail.

The company's portfolio has included brands in categories such as health and wellness, food and beverage, beauty, household products and pet care.

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