Arrington Capital Management LLC Acquires New Stake in Upexi, Inc. $UPXI

Arrington Capital Management LLC acquired a new stake in shares of Upexi, Inc. (NASDAQ:UPXI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,760,107 shares of the company’s stock, valued at approximately $4,637,000. Upexi comprises 4.4% of Arrington Capital Management LLC’s portfolio, making the stock its 3rd biggest holding.

A number of other hedge funds also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in Upexi during the third quarter valued at $26,000. GSA Capital Partners LLP purchased a new stake in Upexi during the third quarter valued at $66,000. Bank of America Corp DE increased its position in Upexi by 3,733.8% during the third quarter. Bank of America Corp DE now owns 13,725 shares of the company’s stock valued at $79,000 after acquiring an additional 13,367 shares during the last quarter. Clearstead Advisors LLC purchased a new stake in Upexi during the fourth quarter valued at $27,000. Finally, Nomura Holdings Inc. purchased a new stake in Upexi during the third quarter valued at $104,000. Hedge funds and other institutional investors own 5.68% of the company’s stock.

Upexi Stock Performance

Shares of UPXI opened at $0.93 on Thursday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.96. The business has a 50-day simple moving average of $1.22 and a two-hundred day simple moving average of $1.45. The stock has a market cap of $65.28 million, a price-to-earnings ratio of -1.50 and a beta of -0.35. Upexi, Inc. has a 52 week low of $0.54 and a 52 week high of $11.20.

Upexi (NASDAQ:UPXI) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($1.67) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($1.47). The company had revenue of $1.05 million during the quarter, compared to analysts’ expectations of $2.90 million. Upexi had a negative return on equity of 66.70% and a negative net margin of 874.00%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UPXI. Weiss Ratings cut Upexi from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 8th. Cantor Fitzgerald upgraded Upexi to a “strong-buy” rating in a research report on Thursday, April 9th. Finally, Wall Street Zen upgraded Upexi from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.33.

Upexi 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.