NIP Group Inc.’s Lock-Up Period To Expire on January 22nd (NASDAQ:NIPG)

NIP Group’s (NASDAQ:NIPG) lock-up period is set to end on Wednesday, January 22nd. NIP Group had issued 2,250,000 shares in its public offering on July 26th. The total size of the offering was $20,250,000 based on an initial share price of $9.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

Separately, Maxim Group started coverage on shares of NIP Group in a report on Thursday, December 19th. They issued a “buy” rating and a $12.00 target price for the company.

NIP Group Stock Performance

Shares of NIPG opened at $7.14 on Friday. The company’s 50 day simple moving average is $6.67. NIP Group has a 12-month low of $5.40 and a 12-month high of $17.76.

Hedge Funds Weigh In On NIP Group

A hedge fund recently bought a new stake in NIP Group stock. GAMMA Investing LLC acquired a new position in NIP Group Inc. (NASDAQ:NIPG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,622 shares of the company’s stock, valued at approximately $44,000.

About NIP Group

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.