NextNRG (NASDAQ:NXXT) Director Sean Matthew Oppen Acquires 10,000 Shares

Key Points

• Director Sean Matthew Oppen purchased 10,000 shares of NextNRG stock for a total of $18,200, indicating a 4.37% increase in his ownership.
• NextNRG's stock recently traded at $1.69, with a market cap of $212.21 million and notable fluctuations between a 12-month low of $0.93 and a high of $4.34.
• Analysts have given NextNRG a consensus rating of "Buy", with an average target price of $5.50, following various upgrades from firms such as HC Wainwright and ThinkEquity.

NextNRG Inc. (NASDAQ:NXXT - Get Free Report) Director Sean Matthew Oppen bought 10,000 shares of the business's stock in a transaction dated Thursday, September 18th. The stock was bought at an average cost of $1.82 per share, for a total transaction of $18,200.00. Following the completion of the purchase, the director owned 238,976 shares of the company's stock, valued at approximately $434,936.32. The trade was a 4.37% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Sean Matthew Oppen also recently made the following trade(s):

• On Monday, September 22nd, Sean Matthew Oppen bought 25,000 shares of NextNRG stock. The stock was bought at an average cost of $1.66 per share, for a total transaction of $41,500.00.

NextNRG Stock Performance

Shares of NASDAQ:NXXT traded up $0.43 during midday trading on Tuesday, reaching $2.12. 6,798,246 shares of the company's stock traded hands, compared to its average volume of 173,048. The company has a market cap of $266.33 million, a price-to-earnings ratio of -0.32 and a beta of -0.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.21 and a current ratio of 0.22. NextNRG Inc. has a one year low of $0.93 and a one year high of $4.34. The stock has a 50 day moving average of $1.62 and a 200 day moving average of $2.47.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. HC Wainwright assumed coverage on NextNRG in a report on Tuesday, September 2nd. They issued a "buy" rating and a $5.00 target price on the stock. Zacks Research raised NextNRG to a "hold" rating in a report on Wednesday, September 3rd. Finally, ThinkEquity raised NextNRG to a "strong-buy" rating and set a $6.00 target price on the stock in a report on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $5.50.

Institutional Trading of NextNRG

Several institutional investors have recently made changes to their positions in NXXT. Geode Capital Management LLC grew its holdings in NextNRG by 2,274.3% during the 2nd quarter. Geode Capital Management LLC now owns 314,454 shares of the company's stock valued at $871,000 after buying an additional 301,210 shares in the last quarter. New York State Common Retirement Fund purchased a new position in shares of NextNRG in the 2nd quarter worth approximately $103,000. Y Intercept Hong Kong Ltd purchased a new position in shares of NextNRG in the 1st quarter worth approximately $110,000. Goldman Sachs Group Inc. purchased a new position in shares of NextNRG in the 1st quarter worth approximately $96,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of NextNRG in the 1st quarter worth approximately $84,000. Hedge funds and other institutional investors own 10.56% of the company's stock.

NextNRG Company Profile

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.