Upexi, Inc. $UPXI Shares Bought by MMCAP International Inc. SPC

MMCAP International Inc. SPC boosted its holdings in shares of Upexi, Inc. (NASDAQ:UPXI) by 203.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,326,777 shares of the company’s stock after buying an additional 1,559,844 shares during the quarter. MMCAP International Inc. SPC owned 3.68% of Upexi worth $3,909,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in Upexi during the 3rd quarter worth approximately $26,000. Belpointe Asset Management LLC purchased a new position in Upexi during the 3rd quarter worth approximately $58,000. Arkadios Wealth Advisors purchased a new position in Upexi during the 3rd quarter worth approximately $58,000. GSA Capital Partners LLP purchased a new position in shares of Upexi during the 3rd quarter valued at approximately $66,000. Finally, Bank of America Corp DE increased its holdings in shares of Upexi by 3,733.8% during the 3rd quarter. Bank of America Corp DE now owns 13,725 shares of the company’s stock valued at $79,000 after purchasing an additional 13,367 shares in the last quarter. 5.68% of the stock is owned by hedge funds and other institutional investors.

Upexi Trading Down 3.0%

NASDAQ UPXI opened at $1.30 on Wednesday. The firm’s 50-day moving average is $1.23 and its two-hundred day moving average is $1.66. Upexi, Inc. has a 12 month low of $0.54 and a 12 month high of $13.57. The company has a debt-to-equity ratio of 2.96, a current ratio of 1.72 and a quick ratio of 1.72. The stock has a market capitalization of $91.34 million, a P/E ratio of -2.10 and a beta of -0.32.

Upexi (NASDAQ:UPXI) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($1.67) EPS for the quarter, missing the consensus estimate of ($0.20) by ($1.47). The business had revenue of $1.05 million during the quarter, compared to analysts’ expectations of $2.90 million. Upexi had a negative net margin of 874.00% and a negative return on equity of 66.70%.

Analysts Set New Price Targets

UPXI has been the subject of several recent research reports. Wall Street Zen raised shares of Upexi from a “strong sell” rating to a “sell” rating in a report on Sunday, May 10th. Weiss Ratings upgraded Upexi from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday. Finally, Cantor Fitzgerald raised shares of Upexi to a “strong-buy” rating in a report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.33.

About Upexi

Upexi (NASDAQ: UPXI) is a full-service digital consultancy that partners with brands to design, develop, and deploy digital products and marketing strategies. The company’s expertise spans user experience and interface design, custom software engineering, and data-driven marketing services. By integrating research, creative design, and technical execution, Upexi helps clients accelerate product development cycles and optimize their digital presence.

The firm serves a diverse, global clientele across sectors such as e-commerce, software-as-a-service (SaaS), healthcare, and finance.