NextTrip, Inc. (NASDAQ:NTRP – Get Free Report) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 24,839 shares, a drop of 57.7% from the May 14th total of 58,671 shares. Based on an average daily volume of 25,340 shares, the short-interest ratio is presently 1.0 days. Approximately 0.3% of the shares of the stock are sold short.
Insider Activity
In other NextTrip news, Director Andrew Jay Kaplan purchased 18,182 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were bought at an average price of $2.75 per share, for a total transaction of $50,000.50. Following the purchase, the director owned 51,582 shares in the company, valued at approximately $141,850.50. This trade represents a 54.44% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 44.50% of the company’s stock.
Institutional Investors Weigh In On NextTrip
An institutional investor recently raised its position in NextTrip stock. Geode Capital Management LLC grew its holdings in NextTrip, Inc. (NASDAQ:NTRP – Free Report) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,852 shares of the company’s stock after purchasing 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 (SEC). 3.81% of the stock is currently owned by hedge funds and other institutional investors.
NextTrip Trading Down 3.1%
More NextTrip News
Here are the key news stories impacting NextTrip this week:
- Neutral Sentiment: Ascendiant Capital Markets maintained a Buy rating on NextTrip and left its $7.50 price target unchanged, which still signals upside potential if execution improves.
- Negative Sentiment: The firm reduced its Q1 2027 EPS estimate to a loss of $0.22 from a prior loss of $0.11, suggesting a weaker near-term earnings outlook. NextTrip analyst estimate updates
- Negative Sentiment: Q2 2027 EPS was cut to a loss of $0.24 from a prior loss of $0.11, adding to concerns that losses may be deeper than expected. NextTrip analyst estimate updates
- Negative Sentiment: Q3 2027 EPS was reduced to a loss of $0.22 from a prior loss of $0.10, reinforcing a softer earnings trajectory. NextTrip analyst estimate updates
- Negative Sentiment: Q4 2027 EPS was lowered to a loss of $0.30 from a prior loss of $0.10, while FY2027 was cut to a loss of $0.98 from $0.42, indicating a more negative full-year outlook. NextTrip analyst estimate updates
Analyst Upgrades and Downgrades
NTRP has been the topic of a number of research reports. Weiss Ratings lowered NextTrip from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. Ascendiant Capital Markets boosted their price objective on NextTrip from $7.00 to $7.50 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Zacks Research upgraded NextTrip to a “hold” rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.50.
View Our Latest Stock Report on NTRP
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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