Maxim Group Upgrades Nvni Group (NASDAQ:NVNI) to “Buy”

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

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

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Nvni Group Stock Down 0.2%

NASDAQ:NVNI traded down $0.00 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 has a market cap of $9.31 million, a price-to-earnings ratio of 2.34 and a beta of -0.10. The business’s 50-day simple moving average is $1.06 and its two-hundred day simple moving average is $1.13. Nvni Group has a 52-week low of $0.77 and a 52-week high of $16.40.

Hedge Funds Weigh In On Nvni Group

An institutional investor recently raised its stake in Nvni Group stock. Cygnus Capital Advisors LLC boosted its holdings in shares of Nvni Group Limited (NASDAQ:NVNI – Free Report) by 219.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,371 shares of the company’s stock after purchasing an additional 23,596 shares during the quarter. Cygnus Capital Advisors LLC owned about 0.34% of Nvni Group worth $33,000 at the end of the most recent quarter. 0.49% of the stock is currently owned by institutional investors.

Nvni Group Company Profile

(Get Free Report)

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.

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