Connexa Sports Technologies (NASDAQ:YYAI) Rating Increased to Hold at Wall Street Zen

Connexa Sports Technologies (NASDAQ:YYAI) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research report issued on Saturday.

Connexa Sports Technologies Price Performance

YYAI stock opened at $4.23 on Friday. The company has a market cap of $61.59 million, a P/E ratio of -0.37 and a beta of -1.95. Connexa Sports Technologies has a 1 year low of $0.35 and a 1 year high of $10.30. The stock’s fifty day moving average price is $1.98 and its 200-day moving average price is $1.17.

Hedge Funds Weigh In On Connexa Sports Technologies

A number of institutional investors and hedge funds have recently modified their holdings of YYAI. XTX Topco Ltd lifted its position in Connexa Sports Technologies by 12.5% during the second quarter. XTX Topco Ltd now owns 50,761 shares of the company’s stock valued at $45,000 after purchasing an additional 5,630 shares in the last quarter. Geode Capital Management LLC lifted its position in Connexa Sports Technologies by 7.2% during the second quarter. Geode Capital Management LLC now owns 90,581 shares of the company’s stock valued at $81,000 after purchasing an additional 6,116 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new position in Connexa Sports Technologies during the first quarter valued at $32,000. 4.03% of the stock is currently owned by hedge funds and other institutional investors.

About Connexa Sports Technologies

Connexa Sports Technologies Inc engages in the sports equipment and technology business in the United States. The company offers Slinger Launcher, a portable padel tennis ball launcher and pickleball launcher; and Slinger Bag Launcher, a ball launcher built into transport wheeled trolley bag. It also provides Gameface, AI technology and performance analytics for sports.