Nixxy (NASDAQ:NIXX) Rating Increased to Hold at Wall Street Zen

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

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

Nixxy Stock Down 0.8%

Shares of NIXX stock opened at $0.98 on Friday. The firm has a market cap of $24.41 million, a price-to-earnings ratio of -1.92 and a beta of 1.20. Nixxy has a 52-week low of $0.84 and a 52-week high of $3.75. The company’s 50 day moving average is $1.04 and its 200 day moving average is $1.46.

Hedge Funds Weigh In On Nixxy

A hedge fund recently bought a new stake in Nixxy stock. XTX Topco Ltd purchased a new position in shares of Nixxy, Inc. (NASDAQ:NIXX) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 34,954 shares of the company’s stock, valued at approximately $73,000. XTX Topco Ltd owned approximately 0.17% of Nixxy at the end of the most recent quarter. Institutional investors and hedge funds 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.