Zedge, Inc. (NYSEAMERICAN:ZDGE) Director Elliot Gibber Purchases 5,000 Shares of Stock

Zedge, Inc. (NYSEAMERICAN:ZDGE) Director Elliot Gibber acquired 5,000 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were purchased at an average cost of $2.04 per share, with a total value of $10,200.00. Following the completion of the purchase, the director now directly owns 226,083 shares of the company’s stock, valued at $461,209.32. This trade represents a 2.26 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

Zedge Stock Performance

Shares of NYSEAMERICAN:ZDGE opened at $2.09 on Wednesday. Zedge, Inc. has a one year low of $1.73 and a one year high of $4.37. The company has a market cap of $28.47 million, a PE ratio of -3.12 and a beta of 1.25.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Welch Group LLC acquired a new stake in shares of Zedge in the first quarter worth $29,000. XTX Topco Ltd purchased a new stake in Zedge in the fourth quarter valued at $40,000. Virtu Financial LLC purchased a new stake in Zedge in the third quarter valued at $44,000. Jane Street Group LLC acquired a new stake in Zedge during the 4th quarter worth about $53,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Zedge during the 4th quarter valued at about $71,000. Institutional investors own 29.37% of the company’s stock.

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.