Wall Street Zen Downgrades Nixxy (NASDAQ:NIXX) to Sell

Nixxy (NASDAQ:NIXX) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nixxy in a research note on Monday, December 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Nixxy Stock Performance

Nixxy stock opened at $1.11 on Friday. Nixxy has a one year low of $0.89 and a one year high of $6.25. The stock has a fifty day moving average of $1.32 and a 200 day moving average of $1.64. The stock has a market cap of $27.62 million, a PE ratio of -2.18 and a beta of 1.43.

Hedge Funds Weigh In On Nixxy

A hedge fund recently bought a new stake in Nixxy stock. XTX Topco Ltd acquired a new position in Nixxy, Inc. (NASDAQ:NIXX) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,954 shares of the company’s stock, valued at approximately $73,000. XTX Topco Ltd owned approximately 0.17% of Nixxy at the end of the most recent reporting period. 13.14% of the stock is currently owned by hedge funds and other institutional investors.

Nixxy Company Profile

Nixxy Inc operates an on-demand recruiting platform which aims to deliver the right talent to both small and large businesses. It provides employers access to independent recruiters and utilizes an innovative web platform, with integrated AI-driven candidate to job matching and video screening software to source qualified talent. Nixxy Inc, formerly known as Recruiter.com Group Inc, is based in Bristol, CT.