FG Nexus Inc (NASDAQ:FGNX) Given Consensus Recommendation of “Hold” by Analysts

Shares of FG Nexus Inc (NASDAQ:FGNX) have been assigned an average recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $35.00.

A number of analysts recently commented on the company. Weiss Ratings cut FG Nexus from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Wall Street Zen cut FG Nexus from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Finally, B. Riley Financial reduced their price objective on FG Nexus from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st.

Institutional Trading of FG Nexus

A number of hedge funds have recently bought and sold shares of FGNX. FNY Investment Advisers LLC bought a new stake in FG Nexus during the fourth quarter valued at about $68,000. Wolverine Asset Management LLC bought a new stake in FG Nexus during the fourth quarter valued at about $465,000. Everstar Asset Management LLC bought a new stake in FG Nexus during the fourth quarter valued at about $1,045,000. Geode Capital Management LLC bought a new stake in FG Nexus during the fourth quarter valued at about $1,330,000. Finally, LPL Financial LLC bought a new stake in FG Nexus during the fourth quarter valued at about $31,000. Hedge funds and other institutional investors own 3.13% of the company’s stock.

FG Nexus Stock Performance

FG Nexus stock opened at $5.50 on Wednesday. The stock has a market cap of $31.57 million, a PE ratio of 0.43 and a beta of 1.02. FG Nexus has a one year low of $4.18 and a one year high of $206.25. The stock has a fifty day moving average of $6.70 and a 200 day moving average of $9.35.

About FG Nexus

FG Financial Group, Inc operates as a reinsurance and investment management holding company in the United States. The company offers specialty property and casualty reinsurance products and services. It also operates a special purpose acquisition company platform (SPAC) that provides various strategic, administrative, and regulatory support services to newly formed SPACs for a monthly fee. The company was formerly known as 1347 Property Insurance Holdings, Inc and changed its name to FG Financial Group, Inc in December 2020.