Agrify Co. (NASDAQ:AGFY) CEO Raymond Nobu Chang Buys 5,000 Shares

Agrify Co. (NASDAQ:AGFYGet Rating) CEO Raymond Nobu Chang bought 5,000 shares of Agrify stock in a transaction on Friday, May 20th. The stock was acquired at an average cost of $2.50 per share, with a total value of $12,500.00. Following the acquisition, the chief executive officer now owns 15,000 shares of the company’s stock, valued at approximately $37,500. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Raymond Nobu Chang also recently made the following trade(s):

  • On Monday, May 16th, Raymond Nobu Chang acquired 10,000 shares of Agrify stock. The shares were acquired at an average price of $2.61 per share, with a total value of $26,100.00.
  • On Friday, May 13th, Raymond Nobu Chang purchased 34,600 shares of Agrify stock. The shares were purchased at an average price of $2.63 per share, with a total value of $90,998.00.

Agrify stock traded down $0.07 during mid-day trading on Monday, reaching $2.46. 150,307 shares of the company’s stock were exchanged, compared to its average volume of 738,808. The firm has a market capitalization of $65.41 million, a PE ratio of -1.44 and a beta of 2.49. The business’s fifty day simple moving average is $3.66 and its 200 day simple moving average is $8.12. The company has a quick ratio of 1.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.30. Agrify Co. has a one year low of $2.25 and a one year high of $35.94.

Agrify (NASDAQ:AGFYGet Rating) last released its quarterly earnings results on Wednesday, May 11th. The company reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.03). Agrify had a negative net margin of 47.59% and a negative return on equity of 18.20%. During the same period in the prior year, the business posted ($0.33) EPS. On average, sell-side analysts forecast that Agrify Co. will post -0.95 earnings per share for the current year.

A number of research firms have commented on AGFY. Craig Hallum lowered shares of Agrify from a “buy” rating to a “hold” rating in a research note on Wednesday, March 23rd. Alliance Global Partners reduced their target price on Agrify from $15.00 to $11.00 in a research report on Thursday, May 12th. Finally, Zacks Investment Research cut Agrify from a “hold” rating to a “sell” rating in a report on Monday, March 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.10.

A number of large investors have recently modified their holdings of AGFY. AdvisorShares Investments LLC raised its position in shares of Agrify by 4,951.6% in the fourth quarter. AdvisorShares Investments LLC now owns 2,427,181 shares of the company’s stock worth $22,330,000 after acquiring an additional 2,379,133 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Agrify by 57.6% in the first quarter. Vanguard Group Inc. now owns 1,236,178 shares of the company’s stock valued at $5,724,000 after acquiring an additional 451,733 shares in the last quarter. ETF Managers Group LLC lifted its stake in shares of Agrify by 29.4% in the fourth quarter. ETF Managers Group LLC now owns 808,519 shares of the company’s stock valued at $7,689,000 after purchasing an additional 183,622 shares during the period. BlackRock Inc. raised its position in shares of Agrify by 1.5% in the first quarter. BlackRock Inc. now owns 307,063 shares of the company’s stock valued at $1,421,000 after buying an additional 4,533 shares during the last quarter. Finally, Davy Global Fund Management Ltd grew its holdings in Agrify by 141.5% in the first quarter. Davy Global Fund Management Ltd now owns 262,986 shares of the company’s stock valued at $1,218,000 after purchasing an additional 154,074 shares during the period. 31.66% of the stock is owned by institutional investors.

Agrify Company Profile (Get Rating)

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.

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