SurgePays, Inc. (NASDAQ:SURG – Get Free Report) CEO Kevin Brian Cox sold 33,600 shares of the company’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $2.60, for a total transaction of $87,360.00. Following the completion of the sale, the chief executive officer now owns 5,737,779 shares in the company, valued at approximately $14,918,225.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Kevin Brian Cox also recently made the following trade(s):
- On Tuesday, July 2nd, Kevin Brian Cox sold 20,915 shares of SurgePays stock. The stock was sold at an average price of $3.05, for a total transaction of $63,790.75.
SurgePays Trading Up 4.9 %
Shares of NASDAQ SURG opened at $2.59 on Wednesday. The firm’s 50 day moving average price is $3.28 and its 200-day moving average price is $4.63. The company has a market cap of $50.28 million, a PE ratio of 2.34, a P/E/G ratio of 5.84 and a beta of 1.00. SurgePays, Inc. has a 52-week low of $2.36 and a 52-week high of $9.23. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.48 and a current ratio of 6.26.
Analyst Upgrades and Downgrades
Separately, Ascendiant Capital Markets cut their price objective on shares of SurgePays from $10.00 to $9.50 and set a “buy” rating on the stock in a report on Thursday, June 6th.
Get Our Latest Research Report on SURG
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SURG. Oxford Asset Management LLP bought a new position in SurgePays during the fourth quarter valued at approximately $71,000. Jump Financial LLC lifted its position in SurgePays by 44.7% during the fourth quarter. Jump Financial LLC now owns 16,500 shares of the medical equipment provider’s stock valued at $106,000 after purchasing an additional 5,100 shares during the period. Victory Capital Management Inc. bought a new position in SurgePays during the fourth quarter valued at approximately $106,000. Privium Fund Management B.V. bought a new position in SurgePays during the first quarter valued at approximately $109,000. Finally, National Bank of Canada FI lifted its position in SurgePays by 50.0% during the second quarter. National Bank of Canada FI now owns 36,000 shares of the medical equipment provider’s stock valued at $111,000 after purchasing an additional 12,000 shares during the period. Institutional investors own 6.94% of the company’s stock.
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.
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