Forefront Wealth Partners LLC Buys New Holdings in NextNRG Inc. $NXXT

Forefront Wealth Partners LLC purchased a new position in NextNRG Inc. (NASDAQ:NXXT) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 501,000 shares of the company’s stock, valued at approximately $917,000. Forefront Wealth Partners LLC owned 0.40% of NextNRG at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NXXT. Goldman Sachs Group Inc. purchased a new position in shares of NextNRG in the 1st quarter worth $96,000. Veracity Capital LLC bought a new position in shares of NextNRG in the 2nd quarter valued at about $34,000. OMERS ADMINISTRATION Corp purchased a new position in NextNRG in the first quarter worth about $84,000. Intech Investment Management LLC purchased a new position in NextNRG in the second quarter worth about $29,000. Finally, JPMorgan Chase & Co. bought a new stake in NextNRG during the second quarter worth approximately $33,000. 10.56% of the stock is owned by hedge funds and other institutional investors.

NextNRG Stock Down 1.4%

NXXT stock opened at $1.42 on Wednesday. NextNRG Inc. has a twelve month low of $0.93 and a twelve month high of $4.34. The firm has a market cap of $190.86 million, a price-to-earnings ratio of -0.70 and a beta of -0.53. The business’s fifty day simple moving average is $1.56 and its two-hundred day simple moving average is $1.83.

NextNRG (NASDAQ:NXXT) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The firm had revenue of $22.86 million for the quarter, compared to analysts’ expectations of $20.93 million.

Analyst Upgrades and Downgrades

NXXT has been the subject of a number of recent research reports. Zacks Research upgraded NextNRG to a “hold” rating in a report on Wednesday, September 3rd. Wall Street Zen raised shares of NextNRG from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. HC Wainwright started coverage on shares of NextNRG in a research note on Tuesday, September 2nd. They issued a “buy” rating and a $5.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of NextNRG in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $5.50.

Insider Activity

In other news, Director Daniel Ronald Arbour sold 31,446 shares of NextNRG stock in a transaction that occurred on Monday, December 29th. The shares were sold at an average price of $1.46, for a total transaction of $45,911.16. Following the completion of the sale, the director owned 86,513 shares of the company’s stock, valued at approximately $126,308.98. The trade was a 26.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Avishai Vaknin sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $2.00, for a total value of $30,000.00. Following the completion of the sale, the chief technology officer owned 284,204 shares of the company’s stock, valued at $568,408. The trade was a 5.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 162,565 shares of company stock valued at $238,937. 69.10% of the stock is owned by corporate insiders.

About NextNRG

NextNRG Corp (NASDAQ: NXXT) is a technology-driven energy company specializing in the design, development and deployment of turnkey microgrid solutions and distributed energy systems. The company’s offerings include advanced energy storage systems, solar generation integration, and digital control platforms that allow commercial, industrial and utility customers to optimize energy reliability and reduce dependence on traditional grid infrastructure.

NextNRG’s services span the full project lifecycle, encompassing initial feasibility studies, engineering and procurement, construction management, and ongoing operations and maintenance.