Insider Selling: Zedge, Inc. (NYSEAMERICAN:ZDGE) Director Sells 25,767 Shares of Stock

Zedge, Inc. (NYSEAMERICAN:ZDGE - Get Free Report) Director Mark Ghermezian sold 25,767 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $3.99, for a total value of $102,810.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Mark Ghermezian also recently made the following trade(s):

• On Tuesday, June 24th, Mark Ghermezian sold 46,683 shares of Zedge stock. The stock was sold at an average price of $4.06, for a total value of $189,532.98.

Zedge Price Performance

NYSEAMERICAN ZDGE traded down $0.07 during trading on Thursday, hitting $3.99. The stock had a trading volume of 189,818 shares, compared to its average volume of 99,416. The stock has a market cap of $53.23 million, a PE ratio of -30.69 and a beta of 0.83. The firm's 50 day moving average price is $2.64. Zedge, Inc. has a one year low of $1.73 and a one year high of $4.37.

Institutional Investors Weigh In On Zedge

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. purchased a new position in Zedge during the 1st quarter worth approximately $84,000. Squarepoint Ops LLC acquired a new stake in shares of Zedge during the 4th quarter worth $71,000. Jane Street Group LLC purchased a new position in shares of Zedge in the 4th quarter valued at $53,000. XTX Topco Ltd purchased a new position in shares of Zedge in the fourth quarter valued at $40,000. Finally, Flower City Capital purchased a new stake in Zedge during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 29.37% of the company's stock.

Zedge Company Profile

Zedge, Inc builds digital marketplaces and competitive games around content that people use to express themselves. It offers the Zedge Ringtones and Wallpapers app, a freemium digital content marketplace that provides a wide array of mobile personalization content, including mobile phone wallpapers, video wallpapers, ringtones, and notification sounds.

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