Nvni Group (NASDAQ:NVNI) Trading Down 1.6% – Here’s What Happened

Shares of Nvni Group Limited (NASDAQ:NVNI) fell 1.6% during mid-day trading on Wednesday . The company traded as low as $1.1820 and last traded at $1.21. 13,410 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 60,914 shares. The stock had previously closed at $1.23.

Nvni Group Stock Performance

The firm’s 50-day moving average price is $1.58 and its two-hundred day moving average price is $3.39. The firm has a market capitalization of $11.64 million, a price-to-earnings ratio of 2.90 and a beta of -0.25.

Institutional Investors Weigh In On Nvni Group

Institutional investors have recently added to or reduced their stakes in the stock. Narus Financial Partners LLC raised its holdings in shares of Nvni Group by 71.8% in the 3rd quarter. Narus Financial Partners LLC now owns 35,400 shares of the company’s stock worth $29,000 after buying an additional 14,800 shares in the last quarter. Turim 21 Investimentos Ltda. grew its position in Nvni Group by 50.9% in the third quarter. Turim 21 Investimentos Ltda. now owns 55,870 shares of the company’s stock valued at $46,000 after acquiring an additional 18,847 shares during the period. Finally, Jane Street Group LLC acquired a new position in Nvni Group during the second quarter worth $40,000. 0.49% of the stock is owned by institutional investors and hedge funds.

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.