Linx (NASDAQ:LINX) Receives New Coverage from Analysts at Goldman Sachs Group

Research analysts at Goldman Sachs Group initiated coverage on shares of Linx (NASDAQ:LINX) in a report issued on Tuesday, Briefing.com Automated Import reports. The firm set a “buy” rating and a $11.00 price target on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 29.72% from the company’s current price.

Several other research firms have also weighed in on LINX. Jefferies Financial Group lowered their price target on Linx to $10.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Bank of America lowered Linx from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. Finally, Zacks Investment Research raised Linx from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th.

NASDAQ:LINX opened at $8.48 on Tuesday. Linx has a twelve month low of $6.59 and a twelve month high of $9.60. The business’s 50 day moving average is $8.07.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Linx during the 2nd quarter worth approximately $17,434,000. Morgan Stanley bought a new position in shares of Linx during the 2nd quarter worth approximately $16,451,000. Marshall Wace North America L.P. bought a new position in shares of Linx during the 2nd quarter worth approximately $9,121,000. Bank of America Corp DE bought a new position in shares of Linx during the 2nd quarter worth approximately $5,596,000. Finally, Jane Street Group LLC bought a new position in shares of Linx during the 2nd quarter worth approximately $1,889,000.

About Linx

Linx SA, through its subsidiaries, provides management software solutions for the retail market in Brazil and internationally. It offers enterprise resource planning, and point of sale or point of service (POS) management software; and connectivity, electronic fund transfer, e-commerce, and customer relationship management solutions.

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