Nixxy (NASDAQ:NIXX) Lowered to “Sell” Rating by Wall Street Zen

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

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Nixxy in a report on Monday, December 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Nixxy Stock Performance

NASDAQ:NIXX opened at $1.11 on Friday. The firm has a market cap of $27.62 million, a P/E ratio of -2.18 and a beta of 1.43. Nixxy has a fifty-two week low of $0.89 and a fifty-two week high of $6.25. The firm has a 50-day simple moving average of $1.32 and a two-hundred day simple moving average of $1.64.

Institutional Trading of Nixxy

A hedge fund recently bought a new stake in Nixxy stock. XTX Topco Ltd acquired a new stake in shares of Nixxy, Inc. (NASDAQ:NIXX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 34,954 shares of the company’s stock, valued at approximately $73,000. XTX Topco Ltd owned about 0.17% of Nixxy as of its most recent SEC filing. 13.14% of the stock is currently owned by institutional investors.

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.