Linx S.A. (NASDAQ:LINX) Expected to Earn FY2019 Earnings of $0.06 Per Share

Linx S.A. (NASDAQ:LINX) – Research analysts at Jefferies Financial Group reduced their FY2019 earnings per share estimates for shares of Linx in a report issued on Thursday, November 14th. Jefferies Financial Group analyst S. Samana now forecasts that the company will earn $0.06 per share for the year, down from their prior forecast of $0.09. Jefferies Financial Group currently has a “Buy” rating and a $10.00 target price on the stock. Jefferies Financial Group also issued estimates for Linx’s FY2020 earnings at $0.10 EPS.

Separately, Zacks Investment Research cut Linx from a “hold” rating to a “sell” rating in a research note on Tuesday, October 15th.

NASDAQ LINX opened at $7.08 on Monday. The business’s 50 day simple moving average is $8.08. Linx has a 52-week low of $6.59 and a 52-week high of $9.60.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Hong Kong Ltd bought a new position in shares of Linx during the 2nd quarter worth approximately $271,000. Pentwater Capital Management LP bought a new position in shares of Linx during the 2nd quarter worth approximately $456,000. Moon Capital Management LP bought a new position in shares of Linx during the 2nd quarter worth approximately $456,000. Citadel Advisors LLC bought a new position in shares of Linx during the 2nd quarter worth approximately $682,000. Finally, Laurion Capital Management LP bought a new position in shares of Linx during the 2nd quarter worth approximately $912,000.

About Linx

Linx SA, through its subsidiaries, provides management software solutions for the retail market in Brazil and internationally. It offers enterprise resource planning, and point of sale or point of service (POS) management software; and connectivity, electronic fund transfer, e-commerce, and customer relationship management solutions.

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