Nvni Group (NASDAQ:NVNI) Shares Down 4.7% – Time to Sell?

Nvni Group Limited (NASDAQ:NVNI)’s share price fell 4.7% during trading on Thursday . The company traded as low as $0.84 and last traded at $0.8699. 855,438 shares were traded during trading, a decline of 36% from the average session volume of 1,329,537 shares. The stock had previously closed at $0.9130.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Nvni Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Nvni Group currently has an average rating of “Sell”.

Nvni Group Trading Down 4.7%

The firm has a market capitalization of $8.73 million, a P/E ratio of 2.17 and a beta of -0.10. The firm has a 50 day moving average price of $1.20 and a 200-day moving average price of $1.85.

Nvni Group (NASDAQ:NVNI) last issued its quarterly earnings results on Thursday, April 30th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.67). The company had revenue of $8.80 million during the quarter, compared to analysts’ expectations of $15.73 million.

Institutional Investors Weigh In On Nvni Group

Institutional investors and hedge funds have recently modified their holdings of the business. Narus Financial Partners LLC lifted its stake in shares of Nvni Group by 71.8% during the 3rd quarter. Narus Financial Partners LLC now owns 35,400 shares of the company’s stock worth $29,000 after acquiring an additional 14,800 shares during the last quarter. Jane Street Group LLC purchased a new position in Nvni Group during the 2nd quarter worth $40,000. Finally, Turim 21 Investimentos Ltda. increased its holdings in Nvni Group by 50.9% during the 3rd quarter. Turim 21 Investimentos Ltda. now owns 55,870 shares of the company’s stock worth $46,000 after purchasing an additional 18,847 shares during the period. 0.49% of the stock is owned by institutional investors.

Nvni Group Company Profile

Nvni Group Limited provides a business to business SaaS platform that offers cloud solutions. The company was incorporated in 2019 and is based in São Paulo, Brazil.