NextTrip (NASDAQ:NTRP – Get Free Report) had its target price raised by analysts at Ascendiant Capital Markets from $7.00 to $7.50 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Ascendiant Capital Markets’ price objective would suggest a potential upside of 228.95% from the company’s previous close.
NTRP has been the topic of several other reports. Weiss Ratings lowered shares of NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. Zacks Research upgraded shares of NextTrip to a “hold” rating in a report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.50.
Check Out Our Latest Stock Report on NTRP
NextTrip Stock Performance
Insiders Place Their Bets
In other news, Director Andrew Jay Kaplan acquired 18,182 shares of NextTrip stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average price of $2.75 per share, with a total value of $50,000.50. Following the completion of the purchase, the director owned 51,582 shares of the company’s stock, valued at approximately $141,850.50. This represents a 54.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 44.50% of the company’s stock.
Institutional Investors Weigh In On NextTrip
A hedge fund recently raised its stake in NextTrip stock. Geode Capital Management LLC increased its holdings in shares of NextTrip, Inc. (NASDAQ:NTRP – Free Report) by 21.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 39,852 shares of the company’s stock after buying an additional 7,086 shares during the quarter. Geode Capital Management LLC owned about 0.29% of NextTrip worth $129,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.81% of the company’s stock.
NextTrip Company Profile
NextTrip, Inc, through its subsidiaries, engages in the provision of travel technology solutions in the United States. The company offers NXT2.0, a booking engine technology platform, which provides travel distributors access to an inventory. It is also involved in the provision of online leisure travel agency services for booking hotels, flights, and curated vacations. The company was formerly known as Sigma Additive Solutions, Inc and changed its name to NextTrip, Inc in March 2024. NextTrip, Inc is based in Sunrise, Florida.
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