Max Holtzman Sells 5,000 Shares of RYTHM (NASDAQ:RYM) Stock

RYTHM, Inc. (NASDAQ:RYM) Director Max Holtzman sold 5,000 shares of RYTHM stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $26.00, for a total transaction of $130,000.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $130,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

RYTHM Stock Performance

Shares of NASDAQ RYM opened at $27.98 on Friday. The company has a market capitalization of $60.16 million, a P/E ratio of -1.95 and a beta of 9.46. RYTHM, Inc. has a 52-week low of $14.00 and a 52-week high of $53.65. The company’s 50 day moving average price is $27.09 and its 200-day moving average price is $22.38.

RYTHM (NASDAQ:RYM) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.33 earnings per share (EPS) for the quarter. The firm had revenue of $13.29 million for the quarter. RYTHM had a negative return on equity of 56.12% and a negative net margin of 38.99%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in RYTHM stock. Jane Street Group LLC bought a new stake in shares of RYTHM, Inc. (NASDAQ:RYM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,968 shares of the company’s stock, valued at approximately $213,000. Jane Street Group LLC owned approximately 0.46% of RYTHM at the end of the most recent quarter. Institutional investors and hedge funds own 5.98% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on RYM shares. Weiss Ratings raised shares of RYTHM from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Wall Street Zen upgraded RYTHM from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

About RYTHM

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products. It also provides associated services comprising consulting, engineering, and construction.