Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 13,582 Shares

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 13,582 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $15.62, for a total transaction of $212,150.84. Following the completion of the sale, the director owned 3,060,105 shares of the company’s stock, valued at approximately $47,798,840.10. The trade was a 0.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 transaction 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.
• 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 value of $56,846.34.

Newegg Commerce Trading Down 1.0%

NEGG stock opened at $15.17 on Wednesday. The stock’s fifty day simple moving average is $15.86 and its two-hundred day simple moving average is $26.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.64. Newegg Commerce, Inc. has a 1-year low of $12.50 and a 1-year high of $96.29.

Newegg Commerce (NASDAQ:NEGG) last announced its quarterly earnings data on Thursday, August 27th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.51. The business had revenue of $320.41 million during the quarter, compared to the consensus estimate of $439.20 million.

Analyst Ratings Changes

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, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Newegg Commerce

Several institutional investors have recently made changes to their positions in NEGG. Royal Bank of Canada grew its position in shares of Newegg Commerce by 5,472.2% in the fourth 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 in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Newegg Commerce during the fourth quarter worth about $251,000. Jane Street Group LLC bought a new position in shares of Newegg Commerce in the 4th quarter worth $2,042,000. O Shaughnessy Asset Management LLC increased its stake in Newegg Commerce by 234.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 29,342 shares of the company’s stock valued at $1,489,000 after acquiring an additional 20,575 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Newegg Commerce during the 4th quarter valued at about $490,000. Hedge funds and other institutional investors 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.