Newegg Commerce (NASDAQ:NEGG) Director Sells $206,174.76 in Stock

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 13,582 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $15.18, for a total transaction of $206,174.76. Following the completion of the sale, the director owned 3,046,523 shares of the company’s stock, valued at approximately $46,246,219.14. This represents a 0.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, September 9th, Fred Chang sold 12,564 shares of Newegg Commerce stock. The stock was sold at an average price of $15.13, for a total value of $190,093.32.
• On Friday, September 4th, Fred Chang sold 13,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.62, for a total value of $212,150.84.
• 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 value of $58,744.80.
• 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 value of $395,470.14.
• On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $15.87, for a total value of $56,846.34.

Newegg Commerce Price Performance

Shares of NEGG opened at $14.67 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.64 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $15.83 and a 200 day simple moving average of $25.59. Newegg Commerce, Inc. has a 52-week low of $12.50 and a 52-week high of $96.29.

Newegg Commerce (NASDAQ:NEGG) last announced its earnings results on Thursday, August 27th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.40) by $0.51. The company had revenue of $320.41 million for the quarter, compared to analyst estimates of $439.20 million.

Wall Street Analysts Forecast Growth

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 analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On Newegg Commerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NEGG. Marshall Wace LLP acquired a new position in shares of Newegg Commerce during the 2nd quarter worth about $4,281,000. UBS Group AG raised its holdings in Newegg Commerce by 242.0% during the third quarter. UBS Group AG now owns 75,482 shares of the company’s stock worth $3,166,000 after acquiring an additional 53,411 shares in the last quarter. Jane Street Group LLC bought a new stake in Newegg Commerce during the fourth quarter worth about $2,042,000. BNP Paribas Financial Markets acquired a new position in Newegg Commerce during the third quarter valued at approximately $1,603,000. Finally, XTX Topco Ltd acquired a new position in Newegg Commerce during the third quarter valued at approximately $1,343,000. 0.45% of the stock is currently owned by institutional investors and hedge funds.

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.