Nixxy (NASDAQ:NIXX) Releases Earnings Results

Nixxy (NASDAQ:NIXX) released its earnings results on Wednesday. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07, Zacks reports. Nixxy had a negative net margin of 6.26% and a negative return on equity of 65.41%. The company had revenue of $16.09 million for the quarter, compared to the consensus estimate of $6.77 million.

Nixxy Trading Up 0.6%

Shares of NASDAQ:NIXX traded up $0.00 on Friday, hitting $0.70. 507,830 shares of the company were exchanged, compared to its average volume of 1,943,818. The stock’s 50 day moving average price is $1.03 and its 200 day moving average price is $0.80. Nixxy has a 1-year low of $0.47 and a 1-year high of $1.97. The firm has a market capitalization of $20.30 million, a P/E ratio of -3.69 and a beta of 0.37.

Wall Street Analyst Weigh In

NIXX has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of Nixxy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of Nixxy from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of Nixxy during the 4th quarter worth approximately $40,000. XTX Topco Ltd lifted its stake in shares of Nixxy by 114.1% during the fourth quarter. XTX Topco Ltd now owns 36,252 shares of the company’s stock valued at $35,000 after buying an additional 19,320 shares during the period. Jane Street Group LLC purchased a new stake in shares of Nixxy in the fourth quarter valued at $121,000. Finally, Geode Capital Management LLC raised its holdings in Nixxy by 15.5% in the fourth quarter. Geode Capital Management LLC now owns 228,701 shares of the company’s stock valued at $220,000 after buying an additional 30,696 shares during the period. Hedge funds and other institutional investors own 13.14% of the company’s stock.

Nixxy Company Profile

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.