Nixxy (NASDAQ:NIXX) Announces Quarterly Earnings Results

Nixxy (NASDAQ:NIXX) announced its earnings results on Wednesday. The company reported ($0.15) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $51.13 million during the quarter. Nixxy had a negative return on equity of 256.04% and a negative net margin of 39.19%.

Nixxy Stock Up 1.5%

NASDAQ NIXX opened at $0.91 on Wednesday. The stock’s 50-day moving average price is $0.70 and its 200-day moving average price is $1.04. Nixxy has a 52 week low of $0.47 and a 52 week high of $2.47. The company has a market capitalization of $22.52 million, a P/E ratio of -1.78 and a beta of 0.65.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NIXX. XTX Topco Ltd bought a new position in shares of Nixxy in the second quarter worth about $73,000. Geode Capital Management LLC raised its stake in shares of Nixxy by 15.5% in the fourth quarter. Geode Capital Management LLC now owns 228,701 shares of the company’s stock worth $220,000 after buying an additional 30,696 shares during the period. Jane Street Group LLC bought a new position in shares of Nixxy in the fourth quarter worth about $121,000. Finally, Virtu Financial LLC bought a new position in shares of Nixxy in the fourth quarter worth about $40,000. Institutional investors own 13.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NIXX. Weiss Ratings reissued a “sell (e+)” rating on shares of Nixxy in a research report on Monday, December 22nd. Wall Street Zen cut Nixxy from a “hold” rating to a “sell” rating in a research report on Saturday, March 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.