Linx (NASDAQ:LINX) had its target price decreased by Jefferies Financial Group to $10.00 in a research report released on Thursday morning, The Fly reports. Jefferies Financial Group currently has a buy rating on the stock.

Separately, Zacks Investment Research lowered Linx from a hold rating to a sell rating in a research note on Tuesday, October 15th.

Linx stock traded down $0.02 during mid-day trading on Thursday, reaching $7.08. 246,400 shares of the company were exchanged, compared to its average volume of 285,309. The firm’s fifty day simple moving average is $8.14. Linx has a 12 month low of $6.59 and a 12 month high of $9.60.

A number of institutional investors have recently bought and sold shares of the business. Newfoundland Capital Management bought a new position in Linx during the 2nd quarter worth $1,047,000. Jane Street Group LLC bought a new position in Linx during the 2nd quarter worth $1,889,000. Citadel Advisors LLC bought a new position in Linx during the 2nd quarter worth $682,000. Point72 Hong Kong Ltd bought a new position in Linx during the 2nd quarter worth $271,000. Finally, Point72 Asset Management L.P. bought a new position in Linx during the 2nd quarter worth $1,824,000.

About Linx

Linx SA, through its subsidiaries, provides management software solutions for the retail market in Brazil and internationally. It offers enterprise resource planning, and point of sale or point of service (POS) management software; and connectivity, electronic fund transfer, e-commerce, and customer relationship management solutions.

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The Fly

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