MMCAP International Inc. SPC Boosts Holdings in Upexi, Inc. $UPXI

MMCAP International Inc. SPC boosted its position in Upexi, Inc. (NASDAQ:UPXI) by 203.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,326,777 shares of the company’s stock after buying an additional 1,559,844 shares during the period. MMCAP International Inc. SPC’s holdings in Upexi were worth $3,909,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Upexi during the 3rd quarter worth $26,000. Belpointe Asset Management LLC purchased a new stake in shares of Upexi during the 3rd quarter worth $58,000. Arkadios Wealth Advisors purchased a new stake in shares of Upexi during the 3rd quarter worth $58,000. GSA Capital Partners LLP acquired a new position in shares of Upexi during the 3rd quarter worth $66,000. Finally, Bank of America Corp DE raised its stake in shares of Upexi by 3,733.8% during the 3rd quarter. Bank of America Corp DE now owns 13,725 shares of the company’s stock worth $79,000 after buying an additional 13,367 shares during the last quarter. 5.68% of the stock is currently owned by hedge funds and other institutional investors.

Upexi Trading Down 3.0%

Shares of UPXI stock opened at $1.30 on Wednesday. The firm has a 50-day moving average price of $1.23 and a 200 day moving average price of $1.66. Upexi, Inc. has a twelve month low of $0.54 and a twelve month high of $13.57. The company has a market capitalization of $91.34 million, a price-to-earnings ratio of -2.10 and a beta of -0.32. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.96.

Upexi (NASDAQ:UPXI) last announced its earnings results on Tuesday, May 12th. The company reported ($1.67) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($1.47). Upexi had a negative net margin of 874.00% and a negative return on equity of 66.70%. The firm had revenue of $1.05 million during the quarter, compared to analyst estimates of $2.90 million.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UPXI shares. Weiss Ratings raised Upexi from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday. Cantor Fitzgerald raised Upexi to a “strong-buy” rating in a research note on Thursday, April 9th. Finally, Wall Street Zen raised Upexi from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $8.33.

Upexi Profile

Upexi (NASDAQ: UPXI) is a full-service digital consultancy that partners with brands to design, develop, and deploy digital products and marketing strategies. The company’s expertise spans user experience and interface design, custom software engineering, and data-driven marketing services. By integrating research, creative design, and technical execution, Upexi helps clients accelerate product development cycles and optimize their digital presence.

The firm serves a diverse, global clientele across sectors such as e-commerce, software-as-a-service (SaaS), healthcare, and finance.