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Newtek Business Services, (NASDAQ:NEWT) Director Sam Kirschner purchased 3,000 shares of the company’s stock on the open market in a transaction dated Tuesday, August 26th. The shares were purchased at an average price of $2.55 per share, for a total transaction of $7,650.00. Following the completion of the transaction, the director now directly owns 87,303 shares of the company’s stock, valued at approximately $222,623. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Separately, analysts at Singular Research cut their price target on shares of Newtek Business Services, from $4.85 to $4.50 in a research note on Friday, June 6th. They now have a “buy” rating on the stock.

Shares of Newtek Business Services, (NASDAQ:NEWT) traded up 2.79% on Tuesday, hitting $2.58. The stock had a trading volume of 28,122 shares. Newtek Business Services, has a one year low of $2.26 and a one year high of $3.43. The stock’s 50-day moving average is $2.55 and its 200-day moving average is $2.71. The company has a market cap of $97.5 million and a P/E ratio of 13.94.

Newtek Business Services, (NASDAQ:NEWT) last released its earnings data on Thursday, August 14th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $41.27 million for the quarter, compared to the consensus estimate of $38.13 million. On average, analysts predict that Newtek Business Services, will post $0.25 earnings per share for the current fiscal year.

Newtek Business Services, Inc (NASDAQ:NEWT) is a holding company.

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