Upexi (NASDAQ:UPXI) Price Target Lowered to $1.30 at Cantor Fitzgerald

Upexi (NASDAQ:UPXIGet Free Report) had its price objective decreased by equities research analysts at Cantor Fitzgerald from $2.00 to $1.30 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 46.89% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Upexi from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, June 8th. Wall Street Zen upgraded shares of Upexi from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 10th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.10.

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Upexi Price Performance

Shares of UPXI traded up $0.10 during mid-day trading on Wednesday, hitting $0.89. 1,114,545 shares of the company traded hands, compared to its average volume of 4,240,427. Upexi has a one year low of $0.54 and a one year high of $10.62. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 2.96. The business has a 50-day moving average of $1.16 and a 200 day moving average of $1.33. The stock has a market capitalization of $62.18 million, a price-to-earnings ratio of -1.43 and a beta of -0.35.

Upexi (NASDAQ:UPXIGet Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($1.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($1.47). Upexi had a negative net margin of 874.00% and a negative return on equity of 66.70%. The company had revenue of $1.05 million during the quarter, compared to analyst estimates of $2.90 million.

Hedge Funds Weigh In On Upexi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in shares of Upexi by 3,733.8% in the third 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. Clearstead Advisors LLC acquired a new position in Upexi during the 4th quarter worth approximately $27,000. Nomura Holdings Inc. bought a new position in shares of Upexi during the 3rd quarter worth approximately $104,000. Clear Street Group Inc. acquired a new stake in shares of Upexi in the third quarter valued at approximately $104,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Upexi in the fourth quarter valued at approximately $35,000. 5.68% of the stock is owned by institutional investors and hedge funds.

Upexi Company Profile

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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.

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