Sean Matthew Oppen Buys 25,000 Shares of NextNRG (NASDAQ:NXXT) Stock

Key Points

• Sean Matthew Oppen, a director at NextNRG Inc., acquired 25,000 shares of the company's stock at an average price of $1.66 per share, totaling approximately $41,500.
• NextNRG has a market cap of $212.21 million and reported a quarterly revenue of $19.69 million, but has a P/E ratio of -0.25 and earnings per share of ($0.30).
• Analysts have given the stock a consensus rating of "Buy" with a target price of $5.50, indicating potential upside from the current trading price of $1.69.

NextNRG Inc. (NASDAQ:NXXT - Get Free Report) Director Sean Matthew Oppen purchased 25,000 shares of NextNRG stock in a transaction dated Monday, September 22nd. The stock was acquired at an average price of $1.66 per share, for a total transaction of $41,500.00. Following the completion of the transaction, the director owned 263,976 shares in the company, valued at approximately $438,200.16. The trade was a 10.46% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, September 18th, Sean Matthew Oppen acquired 10,000 shares of NextNRG stock. The shares were bought at an average price of $1.82 per share, with a total value of $18,200.00.

NextNRG Stock Performance

NXXT traded up $0.02 during trading on Monday, reaching $1.69. 1,723,702 shares of the company were exchanged, compared to its average volume of 136,822. The stock has a market cap of $212.21 million, a P/E ratio of -0.25 and a beta of -0.60. The firm has a 50 day moving average of $1.62 and a 200 day moving average of $2.47. The company has a current ratio of 0.22, a quick ratio of 0.21 and a debt-to-equity ratio of 0.07. NextNRG Inc. has a 52 week low of $0.93 and a 52 week high of $4.34.

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 business had revenue of $19.69 million during the quarter.

Analyst Ratings Changes

NXXT has been the subject of several recent research reports. Zacks Research raised shares of NextNRG to a "hold" rating in a research note on Wednesday, September 3rd. ThinkEquity raised NextNRG to a "strong-buy" rating and set a $6.00 price target on the stock in a report on Monday, June 23rd. Finally, HC Wainwright assumed coverage on NextNRG in a research note on Tuesday, September 2nd. They set a "buy" rating and a $5.00 price objective for the company. One 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $5.50.

Institutional Investors Weigh In On NextNRG

Several hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of NextNRG during the second quarter valued at $26,000. New York State Common Retirement Fund purchased a new stake in shares of NextNRG during the second quarter valued at $103,000. JPMorgan Chase & Co. purchased a new stake in shares of NextNRG during the second quarter valued at $33,000. Intech Investment Management LLC acquired a new position in NextNRG during the second quarter valued at $29,000. Finally, Geode Capital Management LLC raised its position in NextNRG by 2,274.3% during the second 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 during the period. 10.56% of the stock is owned by hedge funds and other institutional investors.

About NextNRG

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.

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