Zedge, Inc. (NYSEAMERICAN:ZDGE - Get Free Report)'s stock price was up 11.6% during mid-day trading on Monday . The company traded as high as $4.35 and last traded at $4.24. Approximately 224,949 shares were traded during trading, an increase of 124% from the average daily volume of 100,346 shares. The stock had previously closed at $3.80.
Zedge Stock Performance
The company has a market capitalization of $56.56 million, a PE ratio of -32.62 and a beta of 1.00. The company has a 50-day moving average of $3.05.
Insider Activity at Zedge
In other news, Director Mark Ghermezian sold 46,683 shares of Zedge stock in a transaction that occurred 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 directly owned 25,767 shares in the company, valued at approximately $104,614.02. The trade was a 64.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 21.40% of the company's stock.
Institutional Trading of Zedge
Several institutional investors have recently added to or reduced their stakes in the company. Welch Group LLC acquired a new position in Zedge in the 1st quarter valued at $29,000. Flower City Capital acquired a new position in Zedge in the 1st quarter valued at $31,000. XTX Topco Ltd acquired a new position in Zedge in the 4th quarter valued at $40,000. Jane Street Group LLC acquired a new position in shares of Zedge during the 4th quarter worth $53,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Zedge during the 4th quarter worth $71,000. 29.37% of the stock is currently owned by institutional investors.
About Zedge
(
Get Free Report)
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.
Further Reading
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