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

NextTrip, Inc. (NASDAQ:NTRP) Director Andrew Jay Kaplan purchased 18,182 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $2.75 per share, with a total value of $50,000.50. Following the completion of the purchase, the director directly owned 51,582 shares of the company’s stock, valued at approximately $141,850.50. This represents a 54.44% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

NextTrip Stock Up 0.8%

NASDAQ:NTRP opened at $2.50 on Wednesday. The company has a market capitalization of $34.18 million, a price-to-earnings ratio of -1.75 and a beta of 1.09. NextTrip, Inc. has a one year low of $1.72 and a one year high of $5.20. The stock has a 50-day simple moving average of $2.87 and a 200 day simple 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.

Wall Street Analyst Weigh In

A number of research firms recently commented on NTRP. Zacks Research upgraded NextTrip to a “hold” rating in a research note on Tuesday, March 17th. Ascendiant Capital Markets initiated coverage on NextTrip in a research note on Monday, March 2nd. They issued a “buy” rating and a $7.00 target price for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of NextTrip in a research note on Friday, March 27th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.00.

Institutional Investors Weigh In On NextTrip

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of NextTrip by 21.6% during the fourth 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 last quarter. Kera Capital Partners Inc. bought a new stake in shares of NextTrip during the third quarter valued at approximately $33,000. Finally, Armistice Capital LLC bought a new stake in shares of NextTrip during the fourth quarter valued at approximately $3,230,000. Institutional investors own 3.81% of the company’s stock.

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.