Nixxy (NASDAQ:NIXX) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Nixxy (NASDAQ:NIXX) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Nixxy Stock Up 1.9%

Shares of NIXX opened at $0.59 on Friday. Nixxy has a 52-week low of $0.47 and a 52-week high of $2.47. The firm’s fifty day moving average is $0.73 and its two-hundred day moving average is $0.89. The stock has a market cap of $15.89 million, a PE ratio of -1.16 and a beta of 0.29.

Nixxy (NASDAQ:NIXX) last announced its earnings results on Wednesday, May 13th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.17. Nixxy had a negative net margin of 7.88% and a negative return on equity of 75.34%. The company had revenue of $29.09 million for the quarter, compared to analysts’ expectations of $6.77 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NIXX. XTX Topco Ltd boosted its position in shares of Nixxy by 114.1% during the 4th quarter. XTX Topco Ltd now owns 36,252 shares of the company’s stock valued at $35,000 after acquiring an additional 19,320 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Nixxy during the 4th quarter valued at about $40,000. Jane Street Group LLC acquired a new position in shares of Nixxy during the 4th quarter valued at about $121,000. Finally, Geode Capital Management LLC boosted its position in shares of Nixxy by 15.5% during the 4th quarter. Geode Capital Management LLC now owns 228,701 shares of the company’s stock valued at $220,000 after acquiring an additional 30,696 shares during the last quarter. Institutional investors and hedge funds own 13.14% of the company’s stock.

About Nixxy

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.