Nixxy (NASDAQ:NIXX) Rating Lowered to “Sell” at Wall Street Zen

Nixxy (NASDAQ:NIXX) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Nixxy in a research report on Monday, December 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Nixxy Price Performance

Nixxy stock opened at $1.11 on Friday. Nixxy has a fifty-two week low of $0.89 and a fifty-two week high of $6.25. The firm has a fifty day moving average price of $1.32 and a two-hundred day moving average price of $1.64. The firm has a market cap of $27.62 million, a price-to-earnings ratio of -2.18 and a beta of 1.43.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nixxy stock. XTX Topco Ltd bought a new position in shares of Nixxy, Inc. (NASDAQ:NIXX) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 34,954 shares of the company’s stock, valued at approximately $73,000. XTX Topco Ltd owned approximately 0.17% of Nixxy as of its most recent SEC filing. 13.14% of the stock is currently 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.