Nvni Group (NASDAQ:NVNI) Shares Up 7.9% – What’s Next?

Shares of Nvni Group Limited (NASDAQ:NVNI) shot up 7.9% during trading on Tuesday . The company traded as high as $0.66 and last traded at $0.66. 1,974,209 shares traded hands during mid-day trading, a decline of 0% from the average session volume of 1,982,381 shares. The stock had previously closed at $0.61.

Analyst Ratings Changes

Separately, Wall Street Zen raised Nvni Group to a “hold” rating in a report on Saturday, August 2nd.

Nvni Group Stock Performance

The business’s 50 day simple moving average is $0.54 and its 200 day simple moving average is $0.38.

Institutional Trading of Nvni Group

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC bought a new position in shares of Nvni Group during the second quarter valued at $40,000. Soltis Investment Advisors LLC increased its position in shares of Nvni Group by 49.3% during the 2nd quarter. Soltis Investment Advisors LLC now owns 173,665 shares of the company’s stock worth $51,000 after purchasing an additional 57,332 shares in the last quarter. Finally, Drive Wealth Management LLC bought a new position in Nvni Group during the 1st quarter valued at about $90,000. 0.49% of the stock is currently owned by institutional investors.

About Nvni Group

Nvni Group Limited provides a business to business SaaS platform that offers cloud solutions. The company was incorporated in 2019 and is based in São Paulo, Brazil.