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

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

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

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

Zedge Stock Up 7.7 %

NYSEAMERICAN:ZDGE traded up $0.15 during mid-day trading on Tuesday, hitting $2.09. The stock had a trading volume of 16,404 shares, compared to its average volume of 71,941. Zedge, Inc. has a twelve month low of $1.73 and a twelve month high of $4.37. The stock has a market cap of $28.47 million, a price-to-earnings ratio of -3.12 and a beta of 1.25.

Institutional Investors Weigh In On Zedge

A number of large investors have recently modified their holdings of the company. Welch Group LLC acquired a new position in Zedge in the first quarter valued at approximately $29,000. XTX Topco Ltd purchased a new stake in shares of Zedge during the 4th quarter worth approximately $40,000. Virtu Financial LLC acquired a new position in shares of Zedge in the 3rd quarter valued at $44,000. Jane Street Group LLC purchased a new position in shares of Zedge in the 4th quarter valued at $53,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Zedge in the 4th quarter valued at $71,000. 29.37% of the stock is owned by hedge funds and other institutional investors.

About Zedge

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.