Newegg Commerce (NASDAQ:NEGG) Director Fred Faching Chang Sells 23,582 Shares

Newegg Commerce, Inc. (NASDAQ:NEGG) Director Fred Chang sold 23,582 shares of Newegg Commerce stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $16.77, for a total value of $395,470.14. Following the sale, the director directly owned 3,077,269 shares of the company’s stock, valued at approximately $51,605,801.13. The trade was a 0.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Fred Faching Chang also recently made the following trade(s):

• On Thursday, September 3rd, Fred Chang sold 3,582 shares of Newegg Commerce stock. The shares were sold at an average price of $16.40, for a total transaction of $58,744.80.
• On Tuesday, September 1st, Fred Chang sold 3,582 shares of Newegg Commerce stock. The stock was sold at an average price of $15.87, for a total transaction of $56,846.34.

Newegg Commerce Stock Performance

NEGG stock opened at $15.32 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. Newegg Commerce, Inc. has a 1 year low of $12.50 and a 1 year high of $96.29. The company has a fifty day simple moving average of $15.91 and a 200 day simple moving average of $26.81.

Newegg Commerce (NASDAQ:NEGG) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.51. The company had revenue of $320.41 million for the quarter, compared to analyst estimates of $439.20 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Newegg Commerce from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 13th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Newegg Commerce presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Newegg Commerce

A number of institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new position in shares of Newegg Commerce during the 3rd quarter worth about $30,000. Royal Bank of Canada raised its position in Newegg Commerce by 5,472.2% in the fourth quarter. Royal Bank of Canada now owns 1,003 shares of the company’s stock worth $51,000 after purchasing an additional 985 shares in the last quarter. Squarepoint Ops LLC acquired a new position in Newegg Commerce in the fourth quarter worth about $251,000. Qube Research & Technologies Ltd bought a new position in Newegg Commerce during the third quarter worth about $207,000. Finally, Goldman Sachs Group Inc. bought a new position in Newegg Commerce during the fourth quarter worth about $490,000. 0.45% of the stock is owned by institutional investors and hedge funds.

About Newegg Commerce

Newegg Commerce, Inc (NASDAQ: NEGG) is a leading online retailer and marketplace specializing in technology products, consumer electronics and computer hardware. Founded in 2001 and headquartered in City of Industry, California, the company operates the flagship Newegg.com platform, which offers an extensive selection of desktops, laptops, components, peripherals, software and related accessories. Newegg’s business model combines direct retail sales with a third-party marketplace, enabling both established brands and independent sellers to reach a technology-focused audience.

In addition to its core e-commerce offerings, Newegg provides a range of value-added services, including logistics support, warehousing and fulfillment solutions designed to streamline order processing for marketplace partners.