Nvni Group Limited (NASDAQ:NVNI – Get Free Report)’s stock price traded down 5.5% on Thursday . The stock traded as low as $1.00 and last traded at $1.03. Approximately 42,195 shares changed hands during trading, a decline of 65% from the average daily volume of 119,440 shares. The stock had previously closed at $1.09.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings lowered shares of Nvni Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Nvni Group presently has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on NVNI
Nvni Group Stock Down 5.5%
Nvni Group (NASDAQ:NVNI – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.67). The company had revenue of $8.80 million during the quarter, compared to analysts’ expectations of $15.73 million.
Institutional Investors Weigh In On Nvni Group
A hedge fund recently raised its stake in Nvni Group stock. Turim 21 Investimentos Ltda. increased its position in Nvni Group Limited (NASDAQ:NVNI – Free Report) by 50.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,870 shares of the company’s stock after buying an additional 18,847 shares during the period. Turim 21 Investimentos Ltda. owned 0.56% of Nvni Group worth $46,000 at the end of the most recent reporting period. Institutional investors own 0.49% of the company’s stock.
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.
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