Nixxy (NASDAQ:NIXX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Nixxy (NASDAQ:NIXX) from a sell rating to a hold rating in a report published on Saturday.

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

Nixxy Stock Down 2.7%

NIXX opened at $0.51 on Friday. The stock has a market capitalization of $12.66 million, a price-to-earnings ratio of -1.00 and a beta of 1.19. Nixxy has a twelve month low of $0.47 and a twelve month high of $2.74. The company has a 50-day simple moving average of $0.84 and a 200 day simple moving average of $1.26.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in Nixxy during the 4th quarter worth approximately $121,000. Geode Capital Management LLC grew 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 last quarter. XTX Topco Ltd bought a new stake in shares of Nixxy during the second quarter worth $73,000. Finally, Virtu Financial LLC acquired a new position in shares of Nixxy during the fourth quarter worth $40,000. Institutional investors own 13.14% of the company’s stock.

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.