Upexi (NASDAQ:UPXI) Receives New Coverage from Analysts at Alliance Global Partners

Alliance Global Partners initiated coverage on shares of Upexi (NASDAQ:UPXI – Get Rating) in a report published on Wednesday, The Fly reports. The firm issued a buy rating on the stock.

Separately, EF Hutton Acquisition Co. I reiterated a buy rating and issued a $7.00 price target on shares of Upexi in a report on Wednesday, February 15th.

Upexi Stock Up 2.9 %

Shares of NASDAQ UPXI opened at $3.20 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.56 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average is $4.04 and its two-hundred day moving average is $3.92. Upexi has a 52-week low of $2.53 and a 52-week high of $6.08.

Insider Buying and Selling

In related news, CEO Allan Marshall acquired 22,776 shares of the stock in a transaction on Monday, May 22nd. The stock was bought at an average cost of $3.41 per share, with a total value of $77,666.16. Following the transaction, the chief executive officer now directly owns 2,610,858 shares in the company, valued at $8,903,025.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders bought 31,205 shares of company stock valued at $114,491. Company insiders own 41.58% of the company’s stock.

Institutional Investors Weigh In On Upexi

Several large investors have recently added to or reduced their stakes in UPXI. Renaissance Technologies LLC purchased a new stake in Upexi in the 1st quarter valued at about $54,000. BlackRock Inc. bought a new stake in shares of Upexi in the 1st quarter valued at about $71,000. Finally, Geode Capital Management LLC bought a new stake in shares of Upexi in the 1st quarter valued at about $246,000. 3.05% of the stock is owned by hedge funds and other institutional investors.

About Upexi

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Upexi, Inc manufacture and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc and changed its name to Upexi, Inc in August 2022. Upexi, Inc was incorporated in 2018 and is headquartered in Clearwater, Florida.