FG Nexus (NASDAQ:FGNX) Downgraded by Wall Street Zen to “Strong Sell”

Posted by Geri Gentry on May 17th, 2026

Wall Street Zen downgraded shares of FG Nexus (NASDAQ:FGNX – Free Report) from a sell rating to a strong sell rating in a research note released on Saturday morning.

Several other equities research analysts have also weighed in on the company. B. Riley Financial dropped their target price on FG Nexus from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, March 31st. Weiss Ratings lowered FG Nexus from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.00.

View Our Latest Analysis on FG Nexus

FG Nexus Price Performance

Shares of NASDAQ FGNX opened at $6.33 on Friday. FG Nexus has a 1-year low of $4.18 and a 1-year high of $206.25. The business’s fifty day moving average price is $6.31 and its two-hundred day moving average price is $11.03. The firm has a market capitalization of $39.63 million, a PE ratio of 0.33 and a beta of 0.91.

Institutional Investors Weigh In On FG Nexus

Several large investors have recently added to or reduced their stakes in FGNX. LPL Financial LLC bought a new position in shares of FG Nexus in the fourth quarter worth $31,000. FNY Investment Advisers LLC bought a new position in shares of FG Nexus in the fourth quarter worth $68,000. Millennium Management LLC bought a new position in shares of FG Nexus in the fourth quarter worth $100,000. Susquehanna Fundamental Investments LLC bought a new position in shares of FG Nexus in the fourth quarter worth $103,000. Finally, Aristides Capital LLC bought a new position in shares of FG Nexus in the fourth quarter worth $182,000. 3.13% of the stock is owned by institutional investors and hedge funds.

FG Nexus Company Profile

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FG Financial Group, Inc operates as a reinsurance and investment management holding company in the United States. The company offers specialty property and casualty reinsurance products and services. It also operates a special purpose acquisition company platform (SPAC) that provides various strategic, administrative, and regulatory support services to newly formed SPACs for a monthly fee. The company was formerly known as 1347 Property Insurance Holdings, Inc and changed its name to FG Financial Group, Inc in December 2020.