NIP Group (NASDAQ:NIPG) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of NIP Group (NASDAQ:NIPG) to a hold rating in a report released on Saturday.

Separately, Maxim Group lowered their price objective on NIP Group from $12.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, May 20th.

NIP Group Stock Down 6.0%

NIP Group stock opened at $2.13 on Friday. The business has a 50 day moving average of $1.59 and a 200-day moving average of $2.91. NIP Group has a 1 year low of $0.99 and a 1 year high of $17.76.

Institutional Trading of NIP Group

An institutional investor recently bought a new position in NIP Group stock. XTX Topco Ltd bought a new stake in shares of NIP Group Inc. Sponsored ADR (NASDAQ:NIPG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 24,542 shares of the company’s stock, valued at approximately $40,000.

NIP Group Company Profile

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.