Team Hewins LLC purchased a new position in shares of Upexi, Inc. (NASDAQ:UPXI – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 428,254 shares of the company’s stock, valued at approximately $497,000.
Separately, Victory Capital Management Inc. acquired a new position in shares of Upexi in the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 5.68% of the company’s stock.
Analysts Set New Price Targets
Separately, Alliance Global Partners reissued a “neutral” rating and issued a $1.25 target price (down previously from $3.00) on shares of Upexi in a report on Thursday, February 15th.
Upexi Price Performance
UPXI remained flat at $0.50 during trading on Friday. The company’s stock had a trading volume of 43,188 shares, compared to its average volume of 85,706. The stock’s 50-day moving average price is $0.50 and its 200 day moving average price is $0.82. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.33 and a current ratio of 0.93. Upexi, Inc. has a one year low of $0.38 and a one year high of $3.31.
Insider Activity at Upexi
In other Upexi news, CEO Allan Marshall bought 103,013 shares of Upexi stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average cost of $0.70 per share, for a total transaction of $72,109.10. Following the completion of the transaction, the chief executive officer now owns 2,861,881 shares of the company’s stock, valued at approximately $2,003,316.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 38.35% of the company’s stock.
Upexi Profile
Upexi, Inc manufactures and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc and changed its name to Upexi, Inc in August 2022. The company was incorporated in 2018 and is headquartered in Clearwater, Florida.
Recommended Stories
- Five stocks we like better than Upexi
- Why Are Stock Sectors Important to Successful Investing?
- NASDAQ 100 vs. NASDAQ Composite: A Detailed Breakdown of NASDAQ
- What is the Shanghai Stock Exchange Composite Index?
- These 2 Retail Traders Favorites are Nearing Major Breakouts
- How to Read Stock Charts for Beginners
- Snowflake is Melting… Up, With a Double-Digit Upside Potential
Want to see what other hedge funds are holding UPXI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Upexi, Inc. (NASDAQ:UPXI – Free Report).
Receive News & Ratings for Upexi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Upexi and related companies with MarketBeat.com's FREE daily email newsletter.
