SurgePays, Inc. (NASDAQ:SURG) CFO Sells $51,334.36 in Stock

SurgePays, Inc. (NASDAQ:SURG) CFO Anthony George Evers sold 33,334 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $1.54, for a total transaction of $51,334.36. Following the sale, the chief financial officer now owns 261,590 shares in the company, valued at $402,848.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Anthony George Evers also recently made the following trade(s):

• On Wednesday, July 31st, Anthony George Evers sold 83 shares of SurgePays stock. The stock was sold at an average price of $3.00, for a total value of $249.00.
• On Monday, July 15th, Anthony George Evers sold 2,000 shares of SurgePays stock. The shares were sold at an average price of $3.00, for a total value of $6,000.00.
• On Thursday, July 11th, Anthony George Evers sold 2,000 shares of SurgePays stock. The stock was sold at an average price of $3.00, for a total value of $6,000.00.
• On Wednesday, July 3rd, Anthony George Evers sold 36,667 shares of SurgePays stock. The stock was sold at an average price of $3.01, for a total value of $110,367.67.

SurgePays Trading Down 1.4 %

SurgePays stock opened at $1.38 on Friday. The company has a market cap of $26.79 million, a price-to-earnings ratio of 1.20 and a beta of 0.91. The firm has a 50-day moving average of $2.47 and a 200-day moving average of $3.73. The company has a debt-to-equity ratio of 0.07, a current ratio of 7.38 and a quick ratio of 6.11. SurgePays, Inc. has a one year low of $1.33 and a one year high of $9.23.

SurgePays (NASDAQ:SURG) last posted its quarterly earnings results on Tuesday, August 13th. The medical equipment provider reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.49). The company had revenue of $15.09 million during the quarter, compared to the consensus estimate of $9.02 million. SurgePays had a negative net margin of 1.36% and a negative return on equity of 3.97%. On average, equities analysts expect that SurgePays, Inc. will post -1.06 earnings per share for the current fiscal year.

Institutional Trading of SurgePays

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jump Financial LLC grew its position in shares of SurgePays by 44.7% in the 4th quarter. Jump Financial LLC now owns 16,500 shares of the medical equipment provider’s stock valued at $106,000 after acquiring an additional 5,100 shares during the period. Victory Capital Management Inc. bought a new position in SurgePays during the fourth quarter worth about $106,000. Vanguard Group Inc. grew its holdings in SurgePays by 8.2% during the first quarter. Vanguard Group Inc. now owns 505,380 shares of the medical equipment provider’s stock worth $1,946,000 after purchasing an additional 38,195 shares during the period. Oxford Asset Management LLP acquired a new position in SurgePays during the fourth quarter worth approximately $71,000. Finally, Truvestments Capital LLC lifted its position in shares of SurgePays by 3,541.8% in the first quarter. Truvestments Capital LLC now owns 58,123 shares of the medical equipment provider’s stock valued at $224,000 after buying an additional 56,527 shares during the last quarter. 6.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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 research report on Thursday, June 6th.

SurgePays Company Profile

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.