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

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 3,582 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $16.40, for a total transaction of $58,744.80. Following the completion of the transaction, the director owned 3,073,687 shares of the company’s stock, valued at approximately $50,408,466.80. This trade represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, September 2nd, Fred Chang sold 23,582 shares of Newegg Commerce stock. The stock was sold at an average price of $16.77, for a total transaction of $395,470.14.
• On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.87, for a total transaction of $56,846.34.

Newegg Commerce Price Performance

Shares of NASDAQ:NEGG opened at $15.32 on Friday. Newegg Commerce, Inc. has a 12-month low of $12.50 and a 12-month high of $96.29. The business has a fifty day simple moving average of $15.91 and a 200 day simple moving average of $26.81. The company has a quick ratio of 0.64, a current ratio of 1.55 and a debt-to-equity ratio of 0.21.

Newegg Commerce (NASDAQ:NEGG) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate 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.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Newegg Commerce

Several hedge funds and other institutional investors have recently bought and sold shares of NEGG. XTX Topco Ltd bought a new position in shares of Newegg Commerce during the 3rd quarter worth about $1,343,000. O Shaughnessy Asset Management LLC increased its position in Newegg Commerce by 234.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 29,342 shares of the company’s stock valued at $1,489,000 after buying an additional 20,575 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Newegg Commerce during the 3rd quarter worth approximately $1,603,000. Jane Street Group LLC acquired a new position in Newegg Commerce during the 4th quarter worth approximately $2,042,000. Finally, NewEdge Advisors LLC acquired a new position in Newegg Commerce during the 3rd quarter worth approximately $30,000. 0.45% of the stock is owned by institutional investors.

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.