FG Nexus (NASDAQ:FGNX) Price Target Lowered to $10.00 at B. Riley Financial

FG Nexus (NASDAQ:FGNX) had its target price decreased by B. Riley Financial from $13.00 to $10.00 in a research note issued to investors on Tuesday,Benzinga reports. B. Riley Financial currently has a buy rating on the stock.

A number of other research analysts have also commented on FGNX. Wall Street Zen lowered FG Nexus from a “hold” rating to a “sell” rating in a report on Saturday, December 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of FG Nexus in a research report on Friday. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, FG Nexus currently has a consensus rating of “Hold” and an average price target of $35.00.

FG Nexus Stock Performance

Shares of FGNX stock opened at $4.99 on Tuesday. FG Nexus has a 1 year low of $4.85 and a 1 year high of $206.25. The stock has a fifty day moving average of $8.76 and a two-hundred day moving average of $15.63. The firm has a market capitalization of $32.58 million, a PE ratio of -0.29 and a beta of 0.79.

Institutional Investors Weigh In On FG Nexus

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC bought a new stake in FG Nexus during the fourth quarter worth approximately $103,000. Millennium Management LLC bought a new position in shares of FG Nexus in the fourth quarter valued at $100,000. OMERS ADMINISTRATION Corp bought a new position in shares of FG Nexus in the fourth quarter valued at $239,000. State Street Corp acquired a new stake in shares of FG Nexus during the 4th quarter valued at $500,000. Finally, Aristides Capital LLC acquired a new stake in shares of FG Nexus during the 4th quarter valued at $182,000. 3.13% of the stock is owned by institutional investors and hedge funds.

About FG Nexus

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.