Nvni Group (NASDAQ:NVNI) Cut to “Hold” at Maxim Group

Maxim Group cut shares of Nvni Group (NASDAQ:NVNI) from a buy rating to a hold rating in a research report report published on Thursday morning, MarketBeat.com reports.

Separately, Weiss Ratings cut shares of Nvni Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Nvni Group Stock Up 1.0%

Nvni Group stock opened at $1.04 on Thursday. Nvni Group has a twelve month low of $0.77 and a twelve month high of $16.40. The firm has a 50 day moving average price of $1.09 and a 200-day moving average price of $1.21. The company has a market capitalization of $10.43 million, a P/E ratio of 2.60 and a beta of -0.07.

Institutional Investors Weigh In On Nvni Group

A hedge fund recently bought a new stake in Nvni Group stock. Jane Street Group LLC acquired a new stake in Nvni Group Limited (NASDAQ:NVNI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 135,750 shares of the company’s stock, valued at approximately $40,000. Jane Street Group LLC owned approximately 0.14% of Nvni Group as of its most recent filing with the SEC. 0.49% of the stock is currently owned by institutional investors and hedge funds.

About Nvni Group

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.