Insider Buying: Zedge, Inc. (ZDGE) Director Buys 25,871 Shares of Stock
Zedge, Inc. (NASDAQ:ZDGE) Director Howard S. Jonas acquired 25,871 shares of the stock in a transaction dated Friday, October 14th. The shares were purchased at an average price of $2.75 per share, for a total transaction of $71,145.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Zedge, Inc. (NASDAQ:ZDGE) traded up 6.47% during mid-day trading on Wednesday, reaching $3.29. The company’s stock had a trading volume of 61,233 shares. Zedge, Inc. has a 52-week low of $2.56 and a 52-week high of $6.69. The firm has a 50 day moving average price of $3.74 and a 200 day moving average price of $4.09. The firm has a market cap of $30.74 million and a price-to-earnings ratio of 29.91.
Zedge (NASDAQ:ZDGE) last issued its quarterly earnings results on Thursday, September 29th. The company reported ($0.08) EPS for the quarter. The company earned $2.50 million during the quarter.
Zedge, Inc (Zedge) provides content distribution platforms for both creators and consumers. The Company’s platform enables consumers to personalize their mobile devices with ringtones, wallpapers, home screen application icons and notification sounds. The Company’s smartphone application is available in Google Play, iTunes and Microsoft Market application stores.
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