NIP Group Inc.’s (NASDAQ:NIPG) Lock-Up Period To End Tomorrow

NIP Group’s (NASDAQ:NIPG) lock-up period will end on Wednesday, January 22nd. NIP Group had issued 2,250,000 shares in its initial public offering on July 26th. The total size of the offering was $20,250,000 based on an initial share price of $9.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analyst Ratings Changes

Separately, Maxim Group started coverage on shares of NIP Group in a report on Thursday, December 19th. They set a “buy” rating and a $12.00 price target for the company.

NIP Group Stock Performance

NIP Group stock opened at $7.14 on Tuesday. NIP Group has a 12 month low of $5.40 and a 12 month high of $17.76. The firm’s fifty day moving average is $6.69.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in NIP Group stock. GAMMA Investing LLC purchased a new stake in shares of NIP Group Inc. (NASDAQ:NIPG) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 6,622 shares of the company’s stock, valued at approximately $44,000.

About NIP Group

Our mission is to create transformative esports experiences that entertain, inspire and connect fans across the globe. Our vision is to become the premier esports organization in the world. We are a leading esports organization with the most expansive global footprint by virtue of our operations across Asia, Europe and South America, according to the Frost & Sullivan Report.