Ascendiant Capital Reiterates Buy Rating on NextTrip, Inc.
Ascendiant Capital maintains its optimistic outlook on NextTrip, Inc. with a $7.50 price target.
Key Points
- Ascendiant Capital reiterated its buy rating on NextTrip, Inc. (NTRP) with a target of $7.50 as of June 10, 2026.
- NextTrip, Inc., trading at $2.16, has a market cap of approximately $31.3 million and a beta of 1.567.
- Insiders remain active, with CFO Frank Orzechowski making recent trades involving both purchases and sales.
On June 10, 2026, Ascendiant Capital reiterated its buy rating on NextTrip, Inc. (NasdaqCM: NTRP), setting a price target of $7.50. This rating reflects continued confidence in NextTrip's prospects as the stock trades near $2.16.
Other Institutional Activity in NextTrip, Inc.
Institutional investors have shown varied interest in NextTrip, Inc. Armistice Capital, LLC trimmed its holdings by 324,883 shares, leaving it with 675,117 shares valued at about $2.19 million. Meanwhile, Hightower Advisors, LLC entered with 191,755 shares worth approximately $623,204. Vanguard Capital Management LLC also increased its position, now holding 127,318 shares valued at around $413,784. Geode Capital Management, LLC saw significant growth in its holdings, adding 82,783 shares to reach a total of 122,635 shares, valued at $398,563.
NextTrip, Inc. Stock Snapshot
Shares of NasdaqCM:NTRP are trading near $2.16. NextTrip, Inc. has a market capitalization of approximately $31.3 million and a beta of 1.567, indicating some volatility compared to the broader market. The stock's 52-week range spans from $2.035 to $5.2, with a 50-day moving average of $2.64 and a 200-day moving average of $3.27. The company has a current ratio of 0.805 and a quick ratio of 0.464, with a debt-to-equity ratio of 64.83.
Recent Earnings
NextTrip, Inc. reported revenue of about $3.72 million, showcasing a growth rate of 18.39%. Despite this revenue growth, the company has no net margin, and its return on equity stands at -2.50%. The next earnings report is expected on July 14, 2026.
Insider Buying and Selling at NextTrip, Inc.
Insider activity at NextTrip, Inc. has been notable recently. On May 11, 2026, CFO Frank Orzechowski made a purchase of 19,787 shares. On the same day, he sold 5,896 shares at an average price of $2.48. Earlier, on May 8, 2026, Andrew Jay Kaplan acquired 9,091 shares and added another 18,182 shares at $2.75. Kaplan continued his buying spree on April 15, 2026, purchasing 8,333 shares and 16,667 shares at $3.00.
Analysts Set New Price Targets
On June 10, 2026, Ascendiant Capital maintained its buy rating on NextTrip, Inc. with a price target of $7.50. This comes after their initial buy rating with a $7.00 target on March 2, 2026. The consensus among analysts is a strong buy, with an average target price of $7.75 from two analyst opinions.
About NextTrip, Inc.
NextTrip, Inc. is a travel company based in Santa Fe, New Mexico, specializing in technology-driven travel solutions. It offers an integrated travel booking and media platform, NXT2.0, which allows users to book customized travel options. Its services include leisure travel, luxury and business accommodations, cruise bookings, and travel content platforms. The company is headed by CEO Mr. William Kerby and employs 23 people.
Bottom Line
Ascendiant Capital's reiterated buy rating for NextTrip, Inc. highlights its confidence in the company's potential despite current market challenges. With a price target of $7.50, investors will be watching closely to see if the company can meet these expectations. As always, remember that analyst ratings are based on past data and do not necessarily reflect current market conditions.
See Also
This instant news alert was generated by automated narrative technology and financial data from Trueearnings and public regulatory filings. It is for informational purposes only and is not financial advice.