Upexi (NASDAQ:UPXI) CEO Allan Marshall Buys 50,000 Shares of Stock

Upexi, Inc. (NASDAQ:UPXI) CEO Allan Marshall acquired 50,000 shares of Upexi stock in a transaction on Tuesday, December 23rd. The shares were bought at an average price of $1.80 per share, with a total value of $90,000.00. Following the completion of the transaction, the chief executive officer directly owned 4,046,261 shares of the company’s stock, valued at $7,283,269.80. This trade represents a 1.25% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Allan Marshall also recently made the following trade(s):

• On Tuesday, December 16th, Allan Marshall bought 50,000 shares of Upexi stock. The stock was bought at an average price of $2.07 per share, for a total transaction of $103,500.00.
• On Monday, December 15th, Allan Marshall bought 100,000 shares of Upexi stock. The shares were bought at an average cost of $2.07 per share, with a total value of $207,000.00.

Upexi Stock Down 7.5%

UPXI opened at $1.84 on Wednesday. The company has a market cap of $116.31 million, a PE ratio of -0.43 and a beta of -0.52. Upexi, Inc. has a twelve month low of $1.79 and a twelve month high of $22.57. The company has a 50-day moving average price of $3.32 and a 200 day moving average price of $5.43. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.68.

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

Upexi announced that its Board of Directors has approved a stock buyback program on Thursday, November 13th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to purchase up to 25.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Institutional Trading of Upexi

Large investors have recently added to or reduced their stakes in the stock. Kathmere Capital Management LLC acquired a new position in shares of Upexi during the 2nd quarter valued at about $6,535,000. NewGen Equity Long Short Fund acquired a new stake in Upexi during the second quarter worth about $1,720,000. NewGen Asset Management Ltd purchased a new position in Upexi during the second quarter worth about $1,720,000. Millington Financial Advisors LLC purchased a new position in Upexi during the second quarter worth about $60,000. Finally, North Star Investment Management Corp. acquired a new position in Upexi in the 2nd quarter valued at about $45,000. 5.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Cantor Fitzgerald lowered their target price on shares of Upexi from $16.00 to $6.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Upexi in a research report on Monday, December 15th. Finally, Wall Street Zen upgraded shares of Upexi from a “sell” rating to a “hold” rating in a research report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $10.50.

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.