Zedge, Inc. (NYSEAMERICAN:ZDGE) Director Sells $189,532.98 in Stock

Zedge, Inc. (NYSEAMERICAN:ZDGE - Get Free Report) Director Mark Ghermezian sold 46,683 shares of Zedge stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $4.06, for a total transaction of $189,532.98. Following the completion of the transaction, the director now owns 25,767 shares in the company, valued at $104,614.02. This trade represents a 64.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, June 25th, Mark Ghermezian sold 25,767 shares of Zedge stock. The shares were sold at an average price of $3.99, for a total transaction of $102,810.33.

Zedge Stock Performance

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Welch Group LLC acquired a new position in shares of Zedge during the first quarter valued at about $29,000. Flower City Capital acquired a new stake in Zedge during the first quarter worth about $31,000. XTX Topco Ltd bought a new position in Zedge during the fourth quarter valued at about $40,000. Jane Street Group LLC bought a new position in Zedge during the fourth quarter valued at about $53,000. Finally, Squarepoint Ops LLC acquired a new position in Zedge in the 4th quarter valued at approximately $71,000. 29.37% of the stock is owned by institutional investors.

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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