NIP Group (NASDAQ:NIPG) Upgraded at Wall Street Zen

NIP Group (NASDAQ:NIPG) was upgraded by Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

Separately, Maxim Group cut their price objective on NIP Group from $12.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, May 20th.

NIP Group Price Performance

NIP Group stock opened at $2.13 on Friday. The stock has a fifty day simple moving average of $1.59 and a two-hundred day simple moving average of $2.94. NIP Group has a 12 month low of $0.99 and a 12 month high of $17.76.

Institutional Trading of NIP Group

A hedge fund recently bought a new stake in NIP Group stock. XTX Topco Ltd acquired a new stake in NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,542 shares of the company’s stock, valued at approximately $40,000.

About NIP Group

Our mission is to create transformative esports experiences that entertain, inspire and connect fans across the globe. Our vision is to become the premier esports organization in the world. We are a leading esports organization with the most expansive global footprint by virtue of our operations across Asia, Europe and South America, according to the Frost & Sullivan Report.