Upexi (NASDAQ:UPXI) CEO Purchases $103,500.00 in Stock

by · The Markets Daily

Upexi, Inc. (NASDAQ:UPXI – Get Free Report) CEO Allan Marshall acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, December 16th. The shares were bought at an average price of $2.07 per share, with a total value of $103,500.00. Following the completion of the transaction, the chief executive officer owned 3,996,261 shares in the company, valued at $8,272,260.27. This represents a 1.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Allan Marshall also recently made the following trade(s):

  • On Monday, December 15th, Allan Marshall bought 100,000 shares of Upexi stock. The stock was bought at an average price of $2.07 per share, for a total transaction of $207,000.00.

Upexi Price Performance

Shares of NASDAQ UPXI traded down $0.18 during midday trading on Wednesday, reaching $1.87. 4,813,276 shares of the company were exchanged, compared to its average volume of 4,147,113. The stock’s 50-day moving average price is $3.69 and its 200-day moving average price is $5.73. The stock has a market cap of $118.20 million, a P/E ratio of -0.44 and a beta of -0.52. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.68. Upexi, Inc. has a one year low of $1.86 and a one year high of $22.57.

Upexi (NASDAQ:UPXI – Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The firm had revenue of $9.24 million for the quarter, compared to analyst estimates of $7.33 million. Upexi had a net margin of 264.25% and a negative return on equity of 30.42%.

Upexi announced that its Board of Directors has approved a share buyback plan on Thursday, November 13th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 25.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Cantor Fitzgerald lowered their price objective on Upexi from $16.00 to $6.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Wall Street Zen upgraded shares of Upexi from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Upexi in a report on Monday. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.50.

View Our Latest Report on Upexi

Hedge Funds Weigh In On Upexi

Several hedge funds have recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in Upexi in the third quarter worth $26,000. Belpointe Asset Management LLC bought a new position in Upexi during the third quarter valued at about $58,000. Arkadios Wealth Advisors bought a new position in Upexi during the third quarter valued at about $58,000. GSA Capital Partners LLP purchased a new stake in Upexi during the third quarter worth about $66,000. Finally, Bank of America Corp DE raised its position in Upexi by 3,733.8% in the third quarter. Bank of America Corp DE now owns 13,725 shares of the company’s stock worth $79,000 after acquiring an additional 13,367 shares during the period. Institutional investors own 5.68% of the company’s stock.

About Upexi

(Get Free Report)

Upexi, Inc manufactures and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc and changed its name to Upexi, Inc in August 2022. The company was incorporated in 2018 and is headquartered in Clearwater, Florida.

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