Nvni Group (NASDAQ:NVNI) Rating Lowered to “Hold” at Maxim Group

Nvni Group (NASDAQ:NVNI) was downgraded by stock analysts at Maxim Group from a “buy” rating to a “hold” rating in a report issued on Thursday, MarketBeat Ratings reports.

Separately, Weiss Ratings lowered 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 Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Nvni Group Price Performance

Shares of NVNI stock opened at $1.03 on Thursday. The business has a fifty day moving average of $1.08 and a 200 day moving average of $1.22. Nvni Group has a 1 year low of $0.77 and a 1 year high of $16.40. The firm has a market capitalization of $10.33 million, a price-to-earnings ratio of 2.57 and a beta of -0.07.

Institutional Trading of Nvni Group

An institutional investor recently bought a new stake in Nvni Group stock. Jane Street Group LLC acquired a new position in Nvni Group Limited (NASDAQ:NVNI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 135,750 shares of the company’s stock, valued at approximately $40,000. Jane Street Group LLC owned 0.14% of Nvni Group as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.49% of the company’s stock.

Nvni Group Company Profile

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.