Diginex (NASDAQ:DGNX) Lowered to “Sell” Rating by Wall Street Zen

Diginex (NASDAQ:DGNX) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Diginex in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Diginex Price Performance

NASDAQ:DGNX opened at $1.10 on Friday. Diginex has a twelve month low of $1.03 and a twelve month high of $39.85. The company’s 50-day moving average price is $5.74 and its 200-day moving average price is $10.27.

Institutional Investors Weigh In On Diginex

A number of hedge funds have recently added to or reduced their stakes in DGNX. UBS Group AG increased its position in shares of Diginex by 562.8% in the 3rd quarter. UBS Group AG now owns 46,141 shares of the company’s stock valued at $664,000 after purchasing an additional 39,179 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Diginex by 10.0% during the 2nd quarter. Geode Capital Management LLC now owns 19,315 shares of the company’s stock worth $994,000 after purchasing an additional 1,748 shares during the last quarter. PharVision Advisers LLC acquired a new position in shares of Diginex during the third quarter worth $262,000. Baader Bank Aktiengesellschaft purchased a new position in Diginex in the third quarter valued at $230,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Diginex in the third quarter valued at $168,000.

About Diginex

Diginex Limited (NASDAQ: DGNX) is a digital asset financial services and solutions provider catering to institutional clients and professional investors. The company offers end-to-end trading, custody, banking and advisory services across a range of digital assets. Through its proprietary platform, Diginex delivers secure and compliant market access, enabling clients to trade, hold and transact cryptocurrencies and tokenized assets with institutional-grade infrastructures.

Key offerings include the EQUOS digital asset exchange, which provides spot and derivatives trading, as well as a suite of custody and settlement solutions designed to meet stringent regulatory requirements.