Nano Nuclear Energy Inc. (NASDAQ:NNE) Shares Purchased by LPL Financial LLC

LPL Financial LLC increased its position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 30.7% in the first quarter, HoldingsChannel.com reports. The firm owned 136,270 shares of the company’s stock after acquiring an additional 31,992 shares during the quarter. LPL Financial LLC’s holdings in Nano Nuclear Energy were worth $3,606,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. North Capital Inc. purchased a new stake in Nano Nuclear Energy in the first quarter valued at $26,000. Ameriflex Group Inc. purchased a new stake in Nano Nuclear Energy in the fourth quarter valued at $29,000. KBC Group NV purchased a new stake in Nano Nuclear Energy in the first quarter valued at $31,000. JPMorgan Chase & Co. lifted its position in Nano Nuclear Energy by 19.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company’s stock valued at $52,000 after acquiring an additional 331 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in Nano Nuclear Energy by 118.6% in the first quarter. IFP Advisors Inc now owns 3,228 shares of the company’s stock valued at $85,000 after acquiring an additional 1,751 shares during the last quarter.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ:NNE opened at $35.89 on Friday. The company has a 50-day simple moving average of $35.42 and a 200-day simple moving average of $30.53. Nano Nuclear Energy Inc. has a one year low of $6.52 and a one year high of $48.05. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -38.59 and a beta of 7.15.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Thursday, August 14th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.08. As a group, research analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NNE. HC Wainwright reissued a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research report on Friday. LADENBURG THALM/SH SH began coverage on shares of Nano Nuclear Energy in a research report on Thursday, July 10th. They issued a “buy” rating and a $51.00 price target for the company. Northland Capmk raised shares of Nano Nuclear Energy to a “strong-buy” rating in a research report on Monday, July 7th. Finally, Northland Securities started coverage on shares of Nano Nuclear Energy in a report on Monday, July 7th. They issued an “outperform” rating and a $40.00 target price for the company. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Nano Nuclear Energy has a consensus rating of “Buy” and an average target price of $51.75.

About Nano Nuclear Energy

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.