Sidoti Csr Issues Negative Outlook for SurgePays Earnings

SurgePays, Inc. (NASDAQ:SURG) – Research analysts at Sidoti Csr cut their Q4 2025 earnings per share estimates for shares of SurgePays in a research note issued on Wednesday, March 26th. Sidoti Csr analyst A. Soderstrom now expects that the medical equipment provider will post earnings per share of $0.06 for the quarter, down from their prior estimate of $0.11. The consensus estimate for SurgePays’ current full-year earnings is ($1.66) per share. Sidoti Csr also issued estimates for SurgePays’ Q1 2026 earnings at $0.19 EPS.

SurgePays (NASDAQ:SURG) last released its quarterly earnings results on Tuesday, March 25th. The medical equipment provider reported ($0.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.66). The firm had revenue of $9.59 million during the quarter, compared to the consensus estimate of $8.22 million. SurgePays had a negative net margin of 27.39% and a negative return on equity of 55.63%.

Separately, Ascendiant Capital Markets lowered their price target on SurgePays from $9.00 to $8.50 and set a “buy” rating on the stock in a research report on Monday, December 16th.

SurgePays Stock Performance

Shares of SURG opened at $2.18 on Thursday. The company has a market capitalization of $43.95 million, a PE ratio of -1.93 and a beta of 1.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 6.24 and a quick ratio of 4.70. SurgePays has a one year low of $1.05 and a one year high of $4.38. The company’s fifty day moving average price is $1.41 and its 200 day moving average price is $1.62.

Institutional Investors Weigh In On SurgePays

Hedge funds have recently modified their holdings of the business. Truvestments Capital LLC increased its position in SurgePays by 23.1% during the third quarter. Truvestments Capital LLC now owns 84,946 shares of the medical equipment provider’s stock worth $156,000 after acquiring an additional 15,956 shares during the period. Corsair Capital Management L.P. grew its position in SurgePays by 50.3% in the 3rd quarter. Corsair Capital Management L.P. now owns 29,864 shares of the medical equipment provider’s stock worth $55,000 after purchasing an additional 10,000 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of SurgePays by 11.3% during the 3rd quarter. Geode Capital Management LLC now owns 148,018 shares of the medical equipment provider’s stock worth $272,000 after purchasing an additional 15,039 shares during the period. Virtu Financial LLC acquired a new position in shares of SurgePays during the third quarter valued at about $25,000. Finally, Renaissance Technologies LLC lifted its stake in shares of SurgePays by 43.6% in the fourth quarter. Renaissance Technologies LLC now owns 49,400 shares of the medical equipment provider’s stock valued at $88,000 after buying an additional 15,000 shares during the period. 6.94% of the stock is owned by institutional investors.

SurgePays Company Profile

SurgePays, Inc, together with its subsidiaries, operates as a financial technology and telecom company in the United States. It operates through three segments: Mobile Virtual Network Operators, Comprehensive Platform Services, and Lead Generation. The company offers subsidized and non-subsidized mobile virtual network operators for internet connectivity through mobile broadband services to consumers; ACH banking relationships and fintech transactions platform to convenience stores; wireless top-up transactions and wireless product aggregation; and lead generation and case management solutions primarily to law firms in the mass tort industry, as well as call center activities.