Upexi (NASDAQ:UPXI) Price Target Raised to $2.00

Upexi (NASDAQ:UPXI) had its target price raised by Cantor Fitzgerald from $1.30 to $2.00 in a research report report published on Thursday, Marketbeat.com reports. Cantor Fitzgerald currently has an overweight rating on the stock.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Upexi in a research report on Friday, September 4th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

Upexi Stock Up 4.7%

Shares of Upexi stock opened at $1.04 on Thursday. Upexi has a 52-week low of $0.54 and a 52-week high of $7.75. The company has a 50 day moving average of $0.90 and a 200 day moving average of $1.02. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.96. The company has a market capitalization of $81.85 million, a P/E ratio of -1.68 and a beta of -0.21.

Hedge Funds Weigh In On Upexi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP increased its stake in Upexi by 47.1% in the second quarter. Engineers Gate Manager LP now owns 77,738 shares of the company’s stock valued at $61,000 after purchasing an additional 24,885 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its position in shares of Upexi by 19.4% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 120,800 shares of the company’s stock worth $119,000 after buying an additional 19,600 shares during the last quarter. J. Derek Lewis & Associates Inc. purchased a new stake in shares of Upexi during the 4th quarter worth approximately $255,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Upexi during the 4th quarter worth approximately $268,000. Finally, Aristides Capital LLC acquired a new position in shares of Upexi in the 4th quarter valued at $100,000. 5.68% of the stock is owned by institutional investors and hedge funds.

About Upexi

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.