Upexi (NASDAQ:UPXI) Lowered to Sell Rating by Wall Street Zen

Upexi (NASDAQ:UPXI) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings restated a “sell (d)” rating on shares of Upexi in a research report on Monday. Cantor Fitzgerald cut their target price on Upexi from $16.00 to $6.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.50.

Upexi Stock Performance

NASDAQ:UPXI opened at $1.91 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 3.39 and a current ratio of 3.41. Upexi has a fifty-two week low of $1.67 and a fifty-two week high of $22.57. The firm has a market cap of $120.73 million, a PE ratio of -0.45 and a beta of -0.48. The business has a 50 day moving average price of $2.77 and a 200-day moving average price of $4.97.

Upexi (NASDAQ:UPXI) last issued its earnings results on Wednesday, November 12th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.11). The firm had revenue of $9.24 million during the quarter, compared to analysts’ expectations of $7.33 million. Upexi had a negative return on equity of 30.42% and a net margin of 264.25%.

Upexi announced that its board has authorized a stock 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 generally an indication that the company’s board believes its stock is undervalued.

Insider Activity at Upexi

In related news, CEO Allan Marshall bought 50,000 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were purchased at an average cost of $1.80 per share, with a total value of $90,000.00. Following the completion of the purchase, the chief executive officer owned 4,046,261 shares in the company, valued at approximately $7,283,269.80. The trade was a 1.25% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gene Salkind acquired 50,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were purchased at an average cost of $2.55 per share, for a total transaction of $127,500.00. Following the completion of the transaction, the director directly owned 218,750 shares in the company, valued at $557,812.50. The trade was a 29.63% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 350,000 shares of company stock worth $793,000 over the last 90 days. 4.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Upexi

Several hedge funds and other institutional investors have recently made changes to their positions in UPXI. BlueCrest Capital Management Ltd purchased a new stake in Upexi during the third quarter valued at approximately $407,000. Heights Capital Management Inc. bought a new position in Upexi in the 3rd quarter worth $1,442,000. Alyeska Investment Group L.P. bought a new position in Upexi in the 3rd quarter worth $7,175,000. Nomura Holdings Inc. purchased a new position in Upexi during the third quarter valued at $104,000. Finally, Clear Street Group Inc. bought a new stake in Upexi during the third quarter valued at about $104,000. Hedge funds and other institutional investors own 5.68% of the company’s stock.

Upexi Company Profile

Upexi (NASDAQ: UPXI) is a full-service digital consultancy that partners with brands to design, develop, and deploy digital products and marketing strategies. The company’s expertise spans user experience and interface design, custom software engineering, and data-driven marketing services. By integrating research, creative design, and technical execution, Upexi helps clients accelerate product development cycles and optimize their digital presence.

The firm serves a diverse, global clientele across sectors such as e-commerce, software-as-a-service (SaaS), healthcare, and finance.