Wall Street Zen Downgrades Upexi (NASDAQ:UPXI) to Sell

Upexi (NASDAQ:UPXI) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday, Wall Street Zen reports.

A number of other research firms have also recently issued reports on UPXI. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Upexi in a report on Friday, September 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $2.00 price objective on shares of Upexi in a report on Friday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Upexi has an average rating of “Hold” and an average target price of $5.00.

Upexi Price Performance

NASDAQ:UPXI opened at $1.26 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.96. The firm has a market cap of $99.16 million, a PE ratio of -0.31 and a beta of -0.21. Upexi has a 12 month low of $0.54 and a 12 month high of $7.75. The company’s 50-day moving average price is $0.93 and its two-hundred day moving average price is $1.04.

Upexi (NASDAQ:UPXI) last posted its earnings results on Thursday, September 17th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. Upexi had a negative net margin of 984.34% and a negative return on equity of 157.49%. The company had revenue of $6.52 million during the quarter, compared to analysts’ expectations of $5.80 million.

Institutional Investors Weigh In On Upexi

Hedge funds and other institutional investors have recently made changes to their positions in the company. Engineers Gate Manager LP raised its holdings in Upexi by 47.1% during the 2nd quarter. Engineers Gate Manager LP now owns 77,738 shares of the company’s stock worth $61,000 after purchasing an additional 24,885 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of Upexi by 19.4% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 120,800 shares of the company’s stock valued at $119,000 after purchasing an additional 19,600 shares during the last quarter. J. Derek Lewis & Associates Inc. bought a new position in shares of Upexi in the 4th quarter valued at about $255,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Upexi during the 4th quarter worth approximately $268,000. Finally, Aristides Capital LLC acquired a new stake in shares of Upexi during the 4th quarter worth approximately $100,000. 5.68% of the stock is owned by institutional investors and hedge funds.

Upexi Company Profile

Upexi, Inc (NASDAQ: UPXI) is a consumer products company that develops, acquires and manages a portfolio of brands sold through e-commerce and other retail channels. Its business focuses on building products with recurring consumer demand and expanding their distribution across marketplaces, direct-to-consumer websites and brick-and-mortar retail.

The company’s portfolio has included brands in categories such as health and wellness, food and beverage, beauty, household products and pet care.