Brett Widney Hoge Purchases 25,000 Shares of Sacks Parente Golf, Inc. (NASDAQ:NWTG) Stock

Sacks Parente Golf, Inc. (NASDAQ:NWTG) Director Brett Widney Hoge acquired 25,000 shares of Sacks Parente Golf stock in a transaction dated Tuesday, May 27th. The shares were bought at an average cost of $1.74 per share, for a total transaction of $43,500.00. Following the completion of the purchase, the director now directly owns 97,612 shares of the company’s stock, valued at approximately $169,844.88. The trade was a 34.43% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Brett Widney Hoge also recently made the following trade(s):

• On Friday, May 23rd, Brett Widney Hoge acquired 15,579 shares of Sacks Parente Golf stock. The shares were bought at an average cost of $1.70 per share, for a total transaction of $26,484.30.
• On Monday, April 14th, Brett Widney Hoge acquired 4,742 shares of Sacks Parente Golf stock. The shares were bought at an average cost of $1.85 per share, for a total transaction of $8,772.70.
• On Friday, April 11th, Brett Widney Hoge bought 4,117 shares of Sacks Parente Golf stock. The stock was acquired at an average cost of $1.85 per share, for a total transaction of $7,616.45.

Sacks Parente Golf Trading Down 2.3%

NASDAQ NWTG opened at $1.69 on Friday. The stock has a market capitalization of $7.63 million, a P/E ratio of -0.02 and a beta of 4.88. Sacks Parente Golf, Inc. has a 1 year low of $1.35 and a 1 year high of $195.00.

Sacks Parente Golf (NASDAQ:NWTG) last posted its earnings results on Thursday, May 15th. The company reported ($0.55) earnings per share (EPS) for the quarter. The company had revenue of $1.21 million during the quarter, compared to the consensus estimate of $1.21 million.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Sacks Parente Golf from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

Sacks Parente Golf Company Profile

Sacks Parente Golf, Inc (“SPG”) is a technology-forward golf company, with a growing portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related products. In April 2022, in consideration of our growth opportunities in shaft technologies, we expanded our manufacturing business to include advanced premium golf shafts by opening a new shaft manufacturing facility in St.