Andrew Jay Kaplan Purchases 18,182 Shares of NextTrip (NASDAQ:NTRP) Stock

NextTrip, Inc. (NASDAQ:NTRP) Director Andrew Jay Kaplan acquired 18,182 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of $2.75 per share, for a total transaction of $50,000.50. Following the completion of the acquisition, the director directly owned 51,582 shares in the company, valued at approximately $141,850.50. This represents a 54.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

NextTrip Price Performance

Shares of NTRP traded down $0.07 during mid-day trading on Monday, hitting $2.48. 49,905 shares of the stock were exchanged, compared to its average volume of 52,688. The company has a market cap of $33.90 million, a PE ratio of -1.73 and a beta of 1.09. NextTrip, Inc. has a 52-week low of $1.72 and a 52-week high of $5.20. The firm has a 50-day moving average of $2.88 and a two-hundred day moving average of $3.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85.

Institutional Trading of NextTrip

Several hedge funds and other institutional investors have recently bought and sold shares of NTRP. Kera Capital Partners Inc. purchased a new stake in NextTrip during the 3rd quarter valued at $33,000. Geode Capital Management LLC raised its holdings in NextTrip by 21.6% during the 4th quarter. Geode Capital Management LLC now owns 39,852 shares of the company’s stock valued at $129,000 after buying an additional 7,086 shares during the period. Finally, Armistice Capital LLC purchased a new stake in NextTrip during the 4th quarter valued at $3,230,000. Hedge funds and other institutional investors own 3.81% of the company’s stock.

Analyst Upgrades and Downgrades

NTRP has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NextTrip in a report on Friday, March 27th. Ascendiant Capital Markets initiated coverage on NextTrip in a report on Monday, March 2nd. They set a “buy” rating and a $7.00 price objective on the stock. Finally, Zacks Research raised NextTrip to a “hold” rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.00.

About NextTrip

NextTrip, Inc, through its subsidiaries, engages in the provision of travel technology solutions in the United States. The company offers NXT2.0, a booking engine technology platform, which provides travel distributors access to an inventory. It is also involved in the provision of online leisure travel agency services for booking hotels, flights, and curated vacations. The company was formerly known as Sigma Additive Solutions, Inc and changed its name to NextTrip, Inc in March 2024. NextTrip, Inc is based in Sunrise, Florida.