Insider Buying: Zedge Inc (ZDGE) Director Buys 6,432 Shares of Stock
Zedge Inc (NASDAQ:ZDGE) Director Howard S. Jonas purchased 6,432 shares of the stock in a transaction that occurred on Friday, March 17th. The shares were acquired at an average cost of $3.36 per share, with a total value of $21,611.52. Following the completion of the transaction, the director now owns 373,058 shares in the company, valued at $1,253,474.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Zedge Inc (NASDAQ:ZDGE) traded up 0.61% on Monday, reaching $3.30. 15,011 shares of the company were exchanged. The company’s 50-day moving average is $3.42 and its 200-day moving average is $3.41. Zedge Inc has a 52 week low of $2.56 and a 52 week high of $7.85. The company has a market capitalization of $30.99 million and a price-to-earnings ratio of 36.67.
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Zedge, Inc is a provider of content distribution platforms, centered on self-expression, enabling both creators looking to promote their content and consumers utilizing such content to express their identity, feelings, tastes and interests. The Company’s platform enables consumers to personalize their mobile devices with free, ringtones, wallpapers, home screen application icons and notification sounds.
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