FG Nexus Inc (NASDAQ:FGNX) Given Average Rating of “Hold” by Brokerages

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

Several equities research analysts have issued reports on the stock. B. Riley Financial lowered their price target on shares of FG Nexus from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of FG Nexus in a report on Friday, March 27th.

FG Nexus Price Performance

Shares of FG Nexus stock opened at $6.64 on Tuesday. The firm has a market capitalization of $41.57 million, a PE ratio of -0.38 and a beta of 0.91. The company’s fifty day moving average price is $6.35 and its two-hundred day moving average price is $11.32. FG Nexus has a 52-week low of $4.18 and a 52-week high of $206.25.

Institutional Investors Weigh In On FG Nexus

Hedge funds have recently made changes to their positions in the company. LPL Financial LLC acquired a new stake in shares of FG Nexus during the 4th quarter worth about $31,000. FNY Investment Advisers LLC acquired a new stake in shares of FG Nexus during the 4th quarter worth about $68,000. Millennium Management LLC acquired a new stake in shares of FG Nexus during the 4th quarter worth about $100,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of FG Nexus during the 4th quarter worth about $103,000. Finally, Aristides Capital LLC acquired a new stake in shares of FG Nexus during the 4th quarter worth about $182,000. Institutional investors and hedge funds own 3.13% of the company’s stock.

FG Nexus Company Profile

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.