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

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

Separately, Weiss Ratings upgraded Nixxy from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Nixxy Stock Performance

Shares of NASDAQ:NIXX opened at $0.68 on Friday. The stock has a 50 day moving average of $1.02 and a 200 day moving average of $0.80. The company has a market cap of $19.80 million, a PE ratio of -3.58 and a beta of 0.38. Nixxy has a 12-month low of $0.47 and a 12-month high of $1.97.

Nixxy (NASDAQ:NIXX) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.07. The business had revenue of $16.09 million for the quarter, compared to the consensus estimate of $6.77 million. Nixxy had a negative net margin of 6.19% and a negative return on equity of 74.47%.

Hedge Funds Weigh In On Nixxy

Several institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd lifted its stake in Nixxy by 114.1% in the 4th quarter. XTX Topco Ltd now owns 36,252 shares of the company’s stock worth $35,000 after purchasing an additional 19,320 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Nixxy in 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 boosted its stake in Nixxy by 15.5% during 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 during the last quarter. 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.