Nvni Group (NASDAQ:NVNI) Trading 7.4% Higher – Still a Buy?

Nvni Group Limited (NASDAQ:NVNI)’s share price rose 7.4% during trading on Monday . The company traded as high as $1.80 and last traded at $1.75. Approximately 71,829 shares were traded during trading, a decline of 55% from the average daily volume of 159,918 shares. The stock had previously closed at $1.63.

Nvni Group Stock Performance

The company has a market capitalization of $17.55 million, a PE ratio of 4.38 and a beta of -0.30. The stock’s fifty day simple moving average is $2.73 and its 200-day simple moving average is $4.46.

Institutional Trading of Nvni Group

A number of hedge funds have recently bought and sold shares of NVNI. Soltis Investment Advisors LLC grew its stake in Nvni Group by 49.3% in the 2nd quarter. Soltis Investment Advisors LLC now owns 173,665 shares of the company’s stock worth $51,000 after acquiring an additional 57,332 shares during the period. Jane Street Group LLC purchased a new position in shares of Nvni Group during the 2nd quarter worth $40,000. Turim 21 Investimentos Ltda. boosted its holdings in shares of Nvni Group by 50.9% during the third quarter. Turim 21 Investimentos Ltda. now owns 55,870 shares of the company’s stock worth $46,000 after purchasing an additional 18,847 shares during the last quarter. Finally, Narus Financial Partners LLC boosted its holdings in shares of Nvni Group by 71.8% during the third quarter. Narus Financial Partners LLC now owns 35,400 shares of the company’s stock worth $29,000 after purchasing an additional 14,800 shares during the last quarter. Institutional investors and hedge funds own 0.49% of the company’s stock.

Nvni Group Company Profile

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.