Nixxy (NASDAQ:NIXX) Stock Rating Upgraded by Wall Street Zen

Nixxy (NASDAQ:NIXX) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nixxy in a report on Monday, December 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Nixxy has an average rating of “Sell”.

Nixxy Trading Down 1.5%

Shares of Nixxy stock opened at $0.52 on Friday. The company has a fifty day simple moving average of $0.85 and a 200-day simple moving average of $1.28. The stock has a market cap of $13.01 million, a price-to-earnings ratio of -1.03 and a beta of 1.19. Nixxy has a 12-month low of $0.47 and a 12-month high of $2.75.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in Nixxy in the fourth quarter valued at $121,000. Geode Capital Management LLC boosted its stake in shares of Nixxy by 15.5% during the fourth quarter. Geode Capital Management LLC now owns 228,701 shares of the company’s stock worth $220,000 after buying an additional 30,696 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Nixxy during the second quarter worth about $73,000. 13.14% of the stock is owned by hedge funds and other institutional investors.

About Nixxy

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.