Zedge, Inc. (NYSEAMERICAN:ZDGE) Shares Acquired by Fmr LLC

Fmr LLC boosted its position in Zedge, Inc. (NYSEAMERICAN:ZDGE) by 30.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,414 shares of the company’s stock after acquiring an additional 10,293 shares during the quarter. Fmr LLC’s holdings in Zedge were worth $164,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Ritholtz Wealth Management acquired a new position in shares of Zedge during the 2nd quarter worth about $51,000. Heron Bay Capital Management lifted its stake in Zedge by 45.6% in the second quarter. Heron Bay Capital Management now owns 53,762 shares of the company’s stock valued at $164,000 after buying an additional 16,838 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Zedge by 17.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 108,035 shares of the company’s stock worth $330,000 after purchasing an additional 16,028 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Zedge by 2.9% in the 2nd quarter. Renaissance Technologies LLC now owns 505,014 shares of the company’s stock valued at $1,540,000 after acquiring an additional 14,404 shares during the period. Hedge funds and other institutional investors own 29.37% of the company’s stock.

Zedge Stock Performance

NYSEAMERICAN:ZDGE opened at $2.36 on Friday. Zedge, Inc. has a 1-year low of $1.93 and a 1-year high of $5.18. The firm has a market capitalization of $32.14 million, a P/E ratio of -3.63 and a beta of 1.23.

Zedge (NYSEAMERICAN:ZDGE) last released its earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter. Zedge had a negative net margin of 30.48% and a positive return on equity of 2.74%. The business had revenue of $7.58 million during the quarter.

Zedge Company Profile

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.