Wall Street Zen Downgrades Nixxy (NASDAQ:NIXX) to Sell

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

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Nixxy in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Nixxy Trading Down 0.3%

Shares of Nixxy stock opened at $0.57 on Friday. The firm’s 50 day simple moving average is $0.70 and its two-hundred day simple moving average is $1.15. The firm has a market capitalization of $14.11 million, a price-to-earnings ratio of -1.11 and a beta of 1.19. Nixxy has a 12-month low of $0.47 and a 12-month high of $2.47.

Institutional Trading of Nixxy

Several large investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in shares of Nixxy during the second quarter worth $73,000. Geode Capital Management LLC grew its position in Nixxy by 15.5% during the 4th quarter. Geode Capital Management LLC now owns 228,701 shares of the company’s stock worth $220,000 after purchasing an additional 30,696 shares during the period. Jane Street Group LLC acquired a new stake in Nixxy during the 4th quarter worth about $121,000. Finally, Virtu Financial LLC purchased a new position in shares of Nixxy during the 4th quarter valued at about $40,000. 13.14% of the stock is owned by hedge funds and other institutional investors.

Nixxy Company Profile

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.