nVerses Capital LLC Buys New Shares in Expro Group Holdings (NYSE:XPRO)

nVerses Capital LLC purchased a new position in Expro Group Holdings (NYSE:XPRO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 8,000 shares of the company’s stock, valued at approximately $183,000.

Several other hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in Expro Group by 58.0% in the 1st quarter. GAMMA Investing LLC now owns 1,452 shares of the company’s stock worth $29,000 after purchasing an additional 533 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Expro Group by 0.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 61,765 shares of the company’s stock worth $1,233,000 after purchasing an additional 550 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Expro Group by 2.9% in the 4th quarter. New York State Common Retirement Fund now owns 40,532 shares of the company’s stock worth $645,000 after purchasing an additional 1,145 shares in the last quarter. ProShare Advisors LLC lifted its stake in Expro Group by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 16,099 shares of the company’s stock worth $321,000 after purchasing an additional 1,267 shares in the last quarter. Finally, Essex Investment Management Co. LLC lifted its stake in Expro Group by 1.9% in the 1st quarter. Essex Investment Management Co. LLC now owns 88,193 shares of the company’s stock worth $1,761,000 after purchasing an additional 1,654 shares in the last quarter. Hedge funds and other institutional investors own 92.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. The Goldman Sachs Group reiterated a “neutral” rating and issued a $23.00 price target (up previously from $22.00) on shares of Expro Group in a research note on Monday, June 3rd. Barclays boosted their target price on shares of Expro Group from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, Piper Sandler boosted their target price on shares of Expro Group from $26.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, May 20th.

Insider Activity at Expro Group

In related news, CTO Steven J. Russell sold 15,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $23.01, for a total transaction of $345,150.00. Following the transaction, the chief technology officer now directly owns 84,873 shares in the company, valued at approximately $1,952,927.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by insiders.

Expro Group Stock Performance

Expro Group stock opened at $19.86 on Monday. The company’s 50-day moving average price is $21.75 and its 200-day moving average price is $20.57. Expro Group Holdings has a twelve month low of $14.33 and a twelve month high of $25.04. The company has a quick ratio of 1.56, a current ratio of 1.90 and a debt-to-equity ratio of 0.09. The company has a market cap of $2.20 billion, a PE ratio of -110.33, a price-to-earnings-growth ratio of 2.15 and a beta of 1.02.

Expro Group (NYSE:XPRO) last posted its earnings results on Thursday, July 25th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). The business had revenue of $469.64 million during the quarter, compared to the consensus estimate of $419.20 million. Expro Group had a positive return on equity of 1.43% and a negative net margin of 0.84%. On average, equities research analysts forecast that Expro Group Holdings will post 0.77 EPS for the current fiscal year.

Expro Group Profile

Expro Group Holdings N.V. engages in the provision of energy services in North and Latin America, Europe and Sub-Saharan Africa, the Middle East and North Africa, and the Asia-Pacific. The company provides well construction services, such as technology solutions in drilling, tubular running services, and cementing and tubulars; and well management services, including well flow management, subsea well access, and well intervention and integrity solutions.