Nvni Group (NASDAQ:NVNI) Upgraded by Maxim Group to Buy Rating

Nvni Group (NASDAQ:NVNI) was upgraded by research analysts at Maxim Group from a “hold” rating to a “buy” rating in a research note issued on Wednesday, Benzinga reports.

Several other equities analysts have also recently issued reports on the company. Zacks Research raised Nvni Group to a “hold” rating in a research report on Friday, August 21st. Weiss Ratings restated a “sell (e+)” rating on shares of Nvni Group in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Nvni Group currently has an average rating of “Hold”.

Nvni Group Stock Down 0.2%

Nvni Group stock traded down $0.00 during trading hours on Wednesday, hitting $0.93. The stock had a trading volume of 38,414 shares, compared to its average volume of 328,695. The stock’s 50-day moving average price is $1.06 and its 200-day moving average price is $1.13. The stock has a market capitalization of $9.31 million, a P/E ratio of 2.34 and a beta of -0.10. Nvni Group has a 12-month low of $0.77 and a 12-month high of $16.40.

Institutional Investors Weigh In On Nvni Group

An institutional investor recently raised its stake in Nvni Group stock. Cygnus Capital Advisors LLC raised its stake in shares of Nvni Group Limited (NASDAQ:NVNI) by 219.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,371 shares of the company’s stock after buying an additional 23,596 shares during the period. Cygnus Capital Advisors LLC owned about 0.34% of Nvni Group worth $33,000 as of its most recent SEC filing. 0.49% of the stock is owned by hedge funds and other institutional investors.

Nvni Group Company Profile

Nvni Group Limited is a technology holding company focused on acquiring, developing and operating business-to-business software companies. The group’s strategy centers on building a portfolio of recurring-revenue, cloud-based software businesses, with an emphasis on serving small and medium-sized enterprises.

Through its portfolio companies, Nvni Group offers software and digital services intended to support business operations, including customer relationship management, workflow and process automation, data management, productivity and other enterprise functions.