Allan Marshall Acquires 161,943 Shares of Upexi, Inc. (NASDAQ:UPXI) Stock

Upexi, Inc. (NASDAQ:UPXI - Get Free Report) CEO Allan Marshall bought 161,943 shares of Upexi stock in a transaction that occurred on Friday, July 11th. The stock was purchased at an average cost of $4.94 per share, with a total value of $799,998.42. Following the completion of the transaction, the chief executive officer owned 1,046,261 shares of the company's stock, valued at $5,168,529.34. This trade represents a 18.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Upexi Trading Down 4.7%

NASDAQ:UPXI traded down $0.30 on Friday, hitting $6.11. 13,175,690 shares of the stock were exchanged, compared to its average volume of 11,801,163. Upexi, Inc. has a 52 week low of $1.90 and a 52 week high of $22.57. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24 and a current ratio of 0.37. The company's 50-day moving average price is $8.04 and its 200 day moving average price is $5.92.

Upexi (NASDAQ:UPXI - Get Free Report) last posted its earnings results on Friday, May 16th. The company reported ($2.87) earnings per share (EPS) for the quarter. The company had revenue of $3.16 million for the quarter. Upexi had a negative return on equity of 535.19% and a negative net margin of 135.86%.

Wall Street Analyst Weigh In

Several brokerages recently commented on UPXI. Cantor Fitzgerald raised Upexi from a "neutral" rating to an "overweight" rating and set a $16.00 target price for the company in a research report on Monday, June 16th. Wall Street Zen raised Upexi to a "hold" rating in a report on Friday, May 30th.

Hedge Funds Weigh In On Upexi

Several institutional investors and hedge funds have recently modified their holdings of the business. Kathmere Capital Management LLC acquired a new position in shares of Upexi in the 2nd quarter valued at approximately $6,535,000. North Star Investment Management Corp. bought a new stake in Upexi in the 2nd quarter valued at approximately $45,000. Finally, Bank of Montreal Can bought a new stake in Upexi in the 4th quarter valued at approximately $36,000. 5.68% of the stock is currently owned by institutional investors and hedge funds.

Upexi Company Profile

Upexi, Inc manufactures and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc and changed its name to Upexi, Inc in August 2022. The company was incorporated in 2018 and is headquartered in Clearwater, Florida.