Linx (NASDAQ:LINX) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Linx (NASDAQ:LINX) from a sell rating to a hold rating in a research note published on Tuesday morning, Zacks.com reports.

According to Zacks, “Linx S.A. operates as a software development company. It designs and develops management and performance software for retail, as well as focuses on payment options and digital transformation. The company serves automotive, e-commerce, pharmacy, laundries, fashion and electronic industries. Linx S.A. is based in SP, Brazil. “

Separately, Jefferies Financial Group set a $11.00 price objective on Linx and gave the company a buy rating in a report on Tuesday, September 17th.

Shares of NASDAQ LINX opened at $8.28 on Tuesday. The firm’s fifty day moving average is $7.61. Linx has a 52-week low of $6.59 and a 52-week high of $9.60.

Several hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Linx during the second quarter valued at $17,434,000. Morgan Stanley bought a new position in shares of Linx during the second quarter valued at $16,451,000. Key Square Capital Management LLC bought a new position in shares of Linx during the second quarter valued at $13,680,000. Pelham Global Financials Ltd. bought a new position in shares of Linx during the second quarter valued at $12,864,000. Finally, Marshall Wace North America L.P. bought a new position in shares of Linx during the second quarter valued at $9,121,000.

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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