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

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

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

Nixxy Stock Performance

Nixxy stock opened at $0.68 on Friday. The business’s fifty day moving average is $0.69 and its two-hundred day moving average is $1.15. The firm has a market cap of $16.92 million, a P/E ratio of -1.33 and a beta of 1.19. Nixxy has a 52 week low of $0.47 and a 52 week high of $2.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NIXX. XTX Topco Ltd acquired a new position in Nixxy during the second quarter valued at approximately $73,000. Virtu Financial LLC acquired a new stake in Nixxy in the fourth quarter worth $40,000. Jane Street Group LLC acquired a new stake in Nixxy in the fourth quarter worth $121,000. Finally, Geode Capital Management LLC boosted its position in shares of Nixxy by 15.5% during the fourth 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 in the last quarter. Institutional investors 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.