Q1 Earnings Forecast for SurgePays Issued By Maxim Group

SurgePays, Inc. (NASDAQ:SURG) – Stock analysts at Maxim Group issued their Q1 2026 earnings estimates for shares of SurgePays in a note issued to investors on Wednesday, May 13th. Maxim Group analyst M. Diana anticipates that the medical equipment provider will post earnings of ($0.22) per share for the quarter. The consensus estimate for SurgePays’ current full-year earnings is ($0.44) per share.

Other research analysts also recently issued reports about the stock. Zacks Research raised shares of SurgePays from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Ascendiant Capital Markets dropped their target price on shares of SurgePays from $9.75 to $5.00 and set a “buy” rating on the stock in a research report on Friday, April 17th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $5.00.

SurgePays Price Performance

SurgePays stock opened at $0.57 on Friday. The firm’s 50 day simple moving average is $0.71 and its 200-day simple moving average is $1.32. The company has a market cap of $14.38 million, a P/E ratio of -0.32 and a beta of 0.32. SurgePays has a fifty-two week low of $0.46 and a fifty-two week high of $3.45.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. purchased a new position in SurgePays during the first quarter valued at approximately $28,000. Gerber LLC purchased a new position in SurgePays during the third quarter valued at approximately $38,000. Jane Street Group LLC purchased a new position in SurgePays during the second quarter valued at approximately $42,000. Cetera Investment Advisers grew its position in SurgePays by 43.5% during the first quarter. Cetera Investment Advisers now owns 66,000 shares of the medical equipment provider’s stock valued at $50,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in SurgePays during the fourth quarter valued at approximately $52,000. 6.94% of the stock is owned by hedge funds and other institutional investors.

About SurgePays

SurgePays, Inc, together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates through three segments: Mobile Virtual Network Operators, Comprehensive Platform Services, and Lead Generation. The company offers subsidized and non-subsidized mobile virtual network operators for internet connectivity through mobile broadband services to consumers; ACH banking relationships and fintech transactions platform to convenience stores; wireless top-up transactions and wireless product aggregation; and lead generation and case management solutions primarily to law firms in the mass tort industry, as well as call center activities.