Investors Buy Large Volume of Call Options on Upexi (NASDAQ:UPXI)

Upexi, Inc. (NASDAQ:UPXI) saw some unusual options trading on Wednesday. Investors purchased 15,690 call options on the company. This is an increase of approximately 200% compared to the typical daily volume of 5,226 call options.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on UPXI shares. Wall Street Zen cut shares of Upexi from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Cantor Fitzgerald restated an “overweight” rating and set a $2.00 target price (down from $6.00) on shares of Upexi in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Upexi in a research note on Monday, December 29th. Finally, iA Financial set a $8.00 price target on shares of Upexi in a research report on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Upexi presently has a consensus rating of “Hold” and a consensus target price of $8.33.

Upexi Trading Up 37.6%

UPXI stock opened at $1.08 on Thursday. Upexi has a one year low of $0.54 and a one year high of $22.57. The stock has a market cap of $75.34 million, a price-to-earnings ratio of -0.33 and a beta of -0.37. The company has a fifty day moving average price of $1.52 and a two-hundred day moving average price of $3.65. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.20 and a quick ratio of 2.19.

Upexi (NASDAQ:UPXI) last issued its quarterly earnings results on Tuesday, February 10th. The company reported ($2.94) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($2.86). Upexi had a negative return on equity of 41.47% and a negative net margin of 496.86%.The company had revenue of $10.96 million for the quarter, compared to analyst estimates of $9.42 million.

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

Insider Activity

In other news, CEO Allan Marshall bought 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were purchased at an average price of $1.80 per share, with a total value of $90,000.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In the last quarter, insiders acquired 200,000 shares of company stock valued at $400,500. 4.42% of the stock is currently owned by insiders.

Institutional Trading of Upexi

Several hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new position in Upexi during the 3rd quarter valued at about $26,000. Clearstead Advisors LLC purchased a new position in Upexi during the fourth quarter worth about $27,000. Price T Rowe Associates Inc. MD bought a new stake in Upexi in the 4th quarter worth about $35,000. Belpointe Asset Management LLC bought a new stake in Upexi in the 3rd quarter worth about $58,000. Finally, Arkadios Wealth Advisors purchased a new stake in Upexi in the 3rd quarter valued at about $58,000. 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.