FG Nexus Inc (NASDAQ:FGNX) Receives Consensus Recommendation of “Hold” from Analysts

FG Nexus Inc (NASDAQ:FGNX) has been given an average rating of “Hold” by the five research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $36.50.

Several research firms recently commented on FGNX. Weiss Ratings reiterated a “sell (d-)” rating on shares of FG Nexus in a research report on Monday, December 29th. Wall Street Zen cut shares of FG Nexus from a “hold” rating to a “sell” rating in a research report on Saturday, December 6th. Finally, B. Riley Financial reduced their price target on shares of FG Nexus from $25.00 to $13.00 and set a “buy” rating on the stock in a report on Monday, February 23rd.

Institutional Investors Weigh In On FG Nexus

A number of institutional investors and hedge funds have recently bought and sold shares of FGNX. Geode Capital Management LLC acquired a new stake in FG Nexus during the 4th quarter valued at $1,330,000. Everstar Asset Management LLC purchased a new stake in shares of FG Nexus in the fourth quarter valued at $1,045,000. State Street Corp purchased a new stake in shares of FG Nexus in the fourth quarter valued at $500,000. Wolverine Asset Management LLC acquired a new stake in shares of FG Nexus during the fourth quarter valued at $465,000. Finally, United Capital Management of KS Inc. acquired a new stake in shares of FG Nexus during the fourth quarter valued at $440,000. Hedge funds and other institutional investors own 3.13% of the company’s stock.

FG Nexus Price Performance

FG Nexus stock opened at $6.85 on Monday. FG Nexus has a fifty-two week low of $6.52 and a fifty-two week high of $206.25. The firm has a market capitalization of $44.94 million, a price-to-earnings ratio of -0.39 and a beta of 0.79. The firm has a fifty day moving average price of $11.05.

FG Nexus Company Profile

FG Financial Group, Inc operates as a reinsurance and investment management holding company in the United States. The company offers specialty property and casualty reinsurance products and services. It also operates a special purpose acquisition company platform (SPAC) that provides various strategic, administrative, and regulatory support services to newly formed SPACs for a monthly fee. The company was formerly known as 1347 Property Insurance Holdings, Inc and changed its name to FG Financial Group, Inc in December 2020.