Nvni Group (NASDAQ:NVNI) Trading Up 2.8% – What’s Next?

Nvni Group Limited (NASDAQ:NVNI) shares were up 2.8% on Wednesday . The company traded as high as $1.11 and last traded at $1.10. Approximately 31,475 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 120,461 shares. The stock had previously closed at $1.07.

Analyst Ratings Changes

Separately, Weiss Ratings started coverage on shares of Nvni Group in a report on Friday, May 15th. They issued a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Nvni Group Stock Performance

The business’s 50 day simple moving average is $1.24 and its two-hundred day simple moving average is $2.06.

Institutional Trading of Nvni Group

A number of institutional investors and hedge funds have recently bought and sold shares of NVNI. Narus Financial Partners LLC increased its stake in Nvni Group by 71.8% during the 3rd quarter. Narus Financial Partners LLC now owns 35,400 shares of the company’s stock valued at $29,000 after purchasing an additional 14,800 shares in the last quarter. Jane Street Group LLC bought a new stake in Nvni Group during the 2nd quarter valued at about $40,000. Finally, Turim 21 Investimentos Ltda. increased its stake in Nvni Group by 50.9% during the 3rd quarter. Turim 21 Investimentos Ltda. now owns 55,870 shares of the company’s stock valued at $46,000 after purchasing an additional 18,847 shares in the last quarter. 0.49% of the stock is currently owned by institutional investors.

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.