Nixxy (NASDAQ:NIXX) Cut to Sell at Wall Street Zen

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

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

Nixxy Stock Up 4.9%

NASDAQ NIXX opened at $0.71 on Friday. Nixxy has a 52 week low of $0.47 and a 52 week high of $1.97. The company has a 50 day moving average price of $1.02 and a 200 day moving average price of $0.80. The firm has a market cap of $20.77 million, a PE ratio of -3.75 and a beta of 0.38.

Nixxy (NASDAQ:NIXX) last announced its earnings results on Wednesday, August 12th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $6.77 million.

Hedge Funds Weigh In On Nixxy

Several hedge funds have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in shares of Nixxy in the 2nd quarter valued at approximately $73,000. 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 purchasing an additional 30,696 shares during the last quarter. Jane Street Group LLC acquired a new position in Nixxy during the 4th quarter valued at approximately $121,000. Finally, Virtu Financial LLC acquired a new position in Nixxy during the 4th quarter valued at approximately $40,000. 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.