Ascendiant Capital Markets Predicts SurgePays Q1 Earnings

SurgePays, Inc. (NASDAQ:SURG) – Equities researchers at Ascendiant Capital Markets dropped their Q1 2026 earnings per share estimates for SurgePays in a report released on Thursday, April 16th. Ascendiant Capital Markets analyst E. Woo now forecasts that the medical equipment provider will post earnings per share of ($0.16) for the quarter, down from their prior estimate of $0.01. Ascendiant Capital Markets has a “Buy” rating and a $5.00 price target on the stock. The consensus estimate for SurgePays’ current full-year earnings is ($0.44) per share. Ascendiant Capital Markets also issued estimates for SurgePays’ Q2 2026 earnings at ($0.15) EPS, Q3 2026 earnings at ($0.10) EPS, Q4 2026 earnings at ($0.03) EPS and FY2026 earnings at ($0.44) EPS.

SURG has been the topic of a number of other reports. Weiss Ratings restated a “sell (e+)” rating on shares of SurgePays in a research note on Monday, December 29th. Zacks Research upgraded shares of SurgePays from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Finally, Wall Street Zen raised shares of SurgePays to a “sell” rating in a research report on Saturday, January 3rd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.00.

SurgePays Price Performance

SURG stock opened at $0.67 on Thursday. The business’s 50-day moving average is $0.78 and its two-hundred day moving average is $1.54. The firm has a market capitalization of $16.78 million, a P/E ratio of -0.37 and a beta of 0.54. SurgePays has a 1 year low of $0.46 and a 1 year high of $3.47.

Institutional Investors Weigh In On SurgePays

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its stake in SurgePays by 34,091.3% in the first quarter. Jones Financial Companies Lllp now owns 51,287 shares of the medical equipment provider’s stock valued at $106,000 after acquiring an additional 51,137 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of SurgePays in the 1st quarter valued at about $28,000. Cetera Investment Advisers lifted its holdings in shares of SurgePays by 61.0% in the 2nd quarter. Cetera Investment Advisers now owns 45,400 shares of the medical equipment provider’s stock valued at $141,000 after purchasing an additional 17,200 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of SurgePays in the 2nd quarter valued at about $125,000. Finally, NewEdge Advisors LLC grew its stake in SurgePays by 46.2% during the 2nd 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. 6.94% of the stock is owned by hedge funds and other institutional investors.

SurgePays News Summary

Here are the key news stories impacting SurgePays this week:

• Positive Sentiment: Ascendiant maintained a “Buy” rating and a $5.00 price target and issued a 2027 outlook that projects a return to profitability (FY2027 EPS ~ $0.06), which supports a longer‑term recovery narrative. Ascendiant 2027 estimates
• Neutral Sentiment: Ascendiant published detailed 2027 quarterly estimates showing mixed quarters (some small losses early in 2027 and positive quarters later), indicating recovery is expected but uneven — this tempers near‑term confidence while giving a path to earnings improvement. Ascendiant 2027 quarterly outlook
• Negative Sentiment: Ascendiant sharply cut 2026 guidance: Q1 2026 EPS to ($0.16) from $0.01, Q2 to ($0.15) from $0.01, Q3 to ($0.10) from $0.06, Q4 to ($0.03) from $0.12, and slashed FY2026 to ($0.44) from $0.20 — the magnitude of these downgrades is the primary driver of today’s sell‑off. Ascendiant 2026 cuts

SurgePays Company Profile

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.