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Newtek Business Services, (NASDAQ:NEWT) Director Sam Kirschner bought 1,000 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The shares were purchased at an average cost of $2.72 per share, for a total transaction of $2,720.00. Following the purchase, the director now directly owns 88,303 shares in the company, valued at approximately $240,184. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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.

Newtek Business Services, (NASDAQ:NEWT) opened at 2.83 on Friday. Newtek Business Services, has a 1-year low of $2.26 and a 1-year high of $3.43. The stock’s 50-day moving average is $2.56 and its 200-day moving average is $2.71. The company has a market cap of $106.9 million and a price-to-earnings ratio of 15.72.

Newtek Business Services, (NASDAQ:NEWT) last released its earnings data on Thursday, August 14th. The company reported $0.07 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Newtek Business Services, will post $0.25 EPS for the current fiscal year.

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

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