Nixxy (NASDAQ:NIXX) Downgraded by Wall Street Zen to Sell

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

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Nixxy in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Nixxy presently has an average rating of “Sell”.

Nixxy Stock Performance

NIXX opened at $0.57 on Friday. Nixxy has a 1 year low of $0.47 and a 1 year high of $2.47. The company’s 50 day simple moving average is $0.70 and its 200 day simple moving average is $1.16. The stock has a market capitalization of $14.11 million, a PE ratio of -1.11 and a beta of 1.19.

Institutional Trading of Nixxy

A number of institutional investors have recently added to or reduced their stakes in NIXX. XTX Topco Ltd increased its holdings in Nixxy by 114.1% in the 4th quarter. XTX Topco Ltd now owns 36,252 shares of the company’s stock valued at $35,000 after purchasing an additional 19,320 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Nixxy during the fourth quarter worth about $40,000. Jane Street Group LLC purchased a new stake in shares of Nixxy in the fourth quarter worth about $121,000. Finally, Geode Capital Management LLC grew its stake in shares of Nixxy by 15.5% in the fourth quarter. Geode Capital Management LLC now owns 228,701 shares of the company’s stock valued at $220,000 after buying an additional 30,696 shares in the last quarter. 13.14% of the stock is owned by hedge funds and other 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.