Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 3,582 Shares

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $15.87, for a total value of $56,846.34. Following the completion of the sale, the director directly owned 3,100,851 shares of the company’s stock, valued at approximately $49,210,505.37. This represents a 0.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Fred Faching Chang also recently made the following trade(s):

• On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $16.40, for a total value of $58,744.80.
• On Wednesday, September 2nd, Fred Chang sold 23,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.77, for a total transaction of $395,470.14.

Newegg Commerce Stock Performance

NEGG opened at $15.32 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 1.55. The firm’s 50-day moving average price is $15.91 and its 200-day moving average price is $26.81. Newegg Commerce, Inc. has a 52-week low of $12.50 and a 52-week high of $96.29.

Newegg Commerce (NASDAQ:NEGG) last released its earnings results on Thursday, August 27th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.51. The company had revenue of $320.41 million during the quarter, compared to analyst estimates of $439.20 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Newegg Commerce

A number of hedge funds and other institutional investors have recently made changes to their positions in NEGG. NewEdge Advisors LLC purchased a new position in shares of Newegg Commerce during the 3rd quarter valued at approximately $30,000. Royal Bank of Canada lifted its stake in shares of Newegg Commerce by 5,472.2% in the 4th quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock valued at $51,000 after purchasing an additional 985 shares during the period. Bank of America Corp DE boosted its holdings in Newegg Commerce by 10,675.0% during the second quarter. Bank of America Corp DE now owns 10,775 shares of the company’s stock worth $175,000 after buying an additional 10,675 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in Newegg Commerce during the third quarter worth $207,000. Finally, Squarepoint Ops LLC acquired a new stake in Newegg Commerce during the fourth quarter valued at $251,000. Institutional investors and hedge funds own 0.45% of the company’s stock.

Newegg Commerce Company Profile

Newegg Commerce, Inc (NASDAQ: NEGG) is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg’s business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.

In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.