Zedge, Inc. (NYSEAMERICAN:ZDGE) Director Purchases $10,200.00 in Stock

Zedge, Inc. (NYSEAMERICAN:ZDGE) Director Elliot Gibber purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average price of $2.04 per share, for a total transaction of $10,200.00. Following the purchase, the director now directly owns 226,083 shares in the company, valued at $461,209.32. The trade was a 2.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Elliot Gibber also recently made the following trade(s):

• On Friday, April 11th, Elliot Gibber acquired 5,000 shares of Zedge stock. The stock was purchased at an average cost of $1.95 per share, with a total value of $9,750.00.

Zedge Stock Performance

Zedge stock traded up $0.15 during midday trading on Tuesday, hitting $2.09. 16,404 shares of the company’s stock were exchanged, compared to its average volume of 71,941. The company has a market capitalization of $28.47 million, a P/E ratio of -3.12 and a beta of 1.25. Zedge, Inc. has a 12-month low of $1.73 and a 12-month high of $4.37.

Institutional Trading of Zedge

Several hedge funds have recently modified their holdings of ZDGE. Virtu Financial LLC acquired a new position in Zedge during the third quarter worth $44,000. FMR LLC lifted its stake in shares of Zedge by 30.2% during the third quarter. FMR LLC now owns 44,414 shares of the company’s stock valued at $164,000 after buying an additional 10,293 shares during the period. Squarepoint Ops LLC purchased a new stake in shares of Zedge in the fourth quarter valued at $71,000. Jane Street Group LLC acquired a new position in Zedge in the fourth quarter valued at $53,000. Finally, Welch Group LLC purchased a new stake in Zedge in the 1st quarter valued at about $29,000. 29.37% of the stock is owned by institutional investors and hedge funds.

Zedge Company Profile

Zedge, Inc builds digital marketplaces and competitive games around content that people use to express themselves. It offers the Zedge Ringtones and Wallpapers app, a freemium digital content marketplace that provides a wide array of mobile personalization content, including mobile phone wallpapers, video wallpapers, ringtones, and notification sounds.