Nvni Group (NASDAQ:NVNI) Stock Price Up 1.8% – Time to Buy?

Shares of Nvni Group Limited (NASDAQ:NVNI) traded up 1.8% during mid-day trading on Friday . The stock traded as high as $2.86 and last traded at $2.80. 70,553 shares changed hands during trading, an increase of 3% from the average session volume of 68,811 shares. The stock had previously closed at $2.75.

Nvni Group Price Performance

The company has a market cap of $28.09 million, a price-to-earnings ratio of 7.00 and a beta of -0.29. The firm has a 50-day moving average price of $3.03 and a 200 day moving average price of $4.61.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Soltis Investment Advisors LLC lifted its holdings in shares of Nvni Group by 49.3% during the second quarter. Soltis Investment Advisors LLC now owns 173,665 shares of the company’s stock worth $51,000 after buying an additional 57,332 shares in the last quarter. Jane Street Group LLC bought a new position in Nvni Group during the second quarter worth about $40,000. Turim 21 Investimentos Ltda. increased its position in Nvni Group by 50.9% during the third quarter. Turim 21 Investimentos Ltda. now owns 55,870 shares of the company’s stock worth $46,000 after acquiring an additional 18,847 shares during the period. Finally, Narus Financial Partners LLC raised its stake in Nvni Group by 71.8% in the 3rd quarter. Narus Financial Partners LLC now owns 35,400 shares of the company’s stock worth $29,000 after purchasing an additional 14,800 shares in the last quarter. 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.