Nixxy (NASDAQ:NIXX) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Nixxy (NASDAQ:NIXX) from a hold rating to a sell rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings upgraded shares of Nixxy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Nixxy currently has an average rating of “Sell”.

Nixxy Price Performance

NIXX opened at $0.68 on Friday. Nixxy has a fifty-two week low of $0.47 and a fifty-two week high of $1.97. The firm’s fifty day moving average price is $1.02 and its two-hundred day moving average price is $0.80. The company has a market capitalization of $19.80 million, a P/E ratio of -3.58 and a beta of 0.37.

Nixxy (NASDAQ:NIXX) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. Nixxy had a negative net margin of 6.19% and a negative return on equity of 74.47%. The company had revenue of $16.09 million during the quarter, compared to analysts’ expectations of $6.77 million.

Institutional Trading of Nixxy

Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its position in Nixxy by 15.5% during the 4th quarter. Geode Capital Management LLC now owns 228,701 shares of the company’s stock worth $220,000 after acquiring an additional 30,696 shares during the last quarter. Jane Street Group LLC bought a new position in Nixxy in the 4th quarter valued at $121,000. Virtu Financial LLC bought a new position in Nixxy in the 4th quarter valued at $40,000. Finally, XTX Topco Ltd raised its position in Nixxy by 114.1% in the 4th quarter. XTX Topco Ltd now owns 36,252 shares of the company’s stock valued at $35,000 after purchasing an additional 19,320 shares during the last quarter. Institutional investors and hedge funds 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.