Nixxy (NASDAQ:NIXX) Raised to “Hold” at Wall Street Zen

Nixxy (NASDAQ:NIXX) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

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

Nixxy Price Performance

Shares of NIXX opened at $0.52 on Friday. Nixxy has a one year low of $0.47 and a one year high of $2.75. The company has a market cap of $13.01 million, a PE ratio of -1.03 and a beta of 1.19. The stock has a 50-day moving average of $0.85 and a 200-day moving average of $1.27.

Hedge Funds Weigh In On Nixxy

A number of hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd raised its stake in shares of Nixxy by 114.1% in the fourth quarter. XTX Topco Ltd now owns 36,252 shares of the company’s stock worth $35,000 after purchasing an additional 19,320 shares during the last quarter. Jane Street Group LLC bought a new stake in Nixxy during the fourth quarter worth $121,000. Finally, Geode Capital Management LLC raised its position in Nixxy by 15.5% in the 4th 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 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.