Brokers Issue Forecasts for SurgePays Q1 Earnings

SurgePays, Inc. (NASDAQ:SURG) – Investment analysts at Ascendiant Capital Markets issued their Q1 2027 earnings estimates for SurgePays in a research report issued on Thursday, April 16th. Ascendiant Capital Markets analyst E. Woo expects that the medical equipment provider will post earnings per share of ($0.03) for the quarter. Ascendiant Capital Markets currently has a “Buy” rating and a $5.00 target price on the stock. Ascendiant Capital Markets also issued estimates for SurgePays’ Q2 2027 earnings at ($0.01) EPS, Q3 2027 earnings at $0.07 EPS, Q4 2027 earnings at $0.03 EPS and FY2027 earnings at $0.06 EPS.

Other analysts have also issued reports about the company. Zacks Research raised SurgePays from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Wall Street Zen raised SurgePays to a “sell” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SurgePays in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, SurgePays presently has an average rating of “Hold” and an average target price of $5.00.

SurgePays Price Performance

Shares of NASDAQ:SURG opened at $0.69 on Wednesday. The business’s 50 day moving average price is $0.79 and its 200-day moving average price is $1.55. The firm has a market capitalization of $17.36 million, a PE ratio of -0.38 and a beta of 0.54. SurgePays has a 1 year low of $0.46 and a 1 year high of $3.47.

Hedge Funds Weigh In On SurgePays

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SURG. Goldman Sachs Group Inc. acquired a new position in SurgePays during the first quarter worth $28,000. Gerber LLC acquired a new position in SurgePays during the third quarter worth $38,000. Jane Street Group LLC acquired a new position in SurgePays during the second quarter worth $42,000. Squarepoint Ops LLC acquired a new position in SurgePays during the fourth quarter worth $52,000. Finally, NewEdge Advisors LLC boosted its stake in SurgePays by 46.2% during the second quarter. NewEdge Advisors LLC now owns 19,000 shares of the medical equipment provider’s stock worth $59,000 after buying an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 6.94% of the company’s stock.

About SurgePays

SurgePays, Inc, together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates through three segments: Mobile Virtual Network Operators, Comprehensive Platform Services, and Lead Generation. The company offers subsidized and non-subsidized mobile virtual network operators for internet connectivity through mobile broadband services to consumers; ACH banking relationships and fintech transactions platform to convenience stores; wireless top-up transactions and wireless product aggregation; and lead generation and case management solutions primarily to law firms in the mass tort industry, as well as call center activities.