Kahn Brothers Group Inc. lessened its position in Zedge, Inc. (NYSEAMERICAN:ZDGE – Free Report) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 89,065 shares of the company’s stock after selling 21,083 shares during the period. Kahn Brothers Group Inc.’s holdings in Zedge were worth $261,000 at the end of the most recent reporting period.
Separately, XTX Topco Ltd acquired a new position in Zedge during the 4th quarter worth $40,000. 29.37% of the stock is currently owned by institutional investors and hedge funds.
Zedge Stock Performance
NYSEAMERICAN:ZDGE opened at $2.31 on Friday. Zedge, Inc. has a 1 year low of $1.73 and a 1 year high of $4.37. The stock has a fifty day simple moving average of $2.22. The company has a market capitalization of $31.46 million, a PE ratio of -3.45 and a beta of 1.25.
About Zedge
Zedge, Inc builds digital marketplaces and competitive games around content that people use to express themselves. It offers the Zedge Ringtones and Wallpapers app, a freemium digital content marketplace that provides a wide array of mobile personalization content, including mobile phone wallpapers, video wallpapers, ringtones, and notification sounds.
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