Nvni Group (NASDAQ:NVNI) Downgraded by Maxim Group to Hold

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

Separately, Weiss Ratings cut shares of Nvni Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Nvni Group Price Performance

Shares of NASDAQ:NVNI opened at $1.03 on Thursday. 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. The business’s 50 day moving average price is $1.08 and its 200-day moving average price is $1.22.

Hedge Funds Weigh In On Nvni Group

A hedge fund recently raised its stake in Nvni Group stock. Turim 21 Investimentos Ltda. boosted its holdings in shares of Nvni Group Limited (NASDAQ:NVNI) by 50.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,870 shares of the company’s stock after acquiring an additional 18,847 shares during the period. Turim 21 Investimentos Ltda. owned 0.56% of Nvni Group worth $46,000 at the end of the most recent reporting period. 0.49% of the stock is owned by hedge funds and other 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.