Linx (NASDAQ:LINX) Rating Lowered to Sell at Zacks Investment Research

Linx (NASDAQ:LINX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, 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 lowered their price objective on shares of Linx to $10.00 and set a “buy” rating for the company in a report on Thursday, November 14th.

Shares of LINX traded up $0.26 during mid-day trading on Tuesday, reaching $7.20. The company’s stock had a trading volume of 16,978 shares, compared to its average volume of 280,811. Linx has a 52 week low of $6.59 and a 52 week high of $9.60. The stock’s fifty day moving average price is $8.05.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new position in shares of Linx in the second quarter worth $271,000. Pentwater Capital Management LP purchased a new position in shares of Linx in the second quarter worth $456,000. Moon Capital Management LP purchased a new position in shares of Linx in the second quarter worth $456,000. Citadel Advisors LLC purchased a new position in shares of Linx in the second quarter worth $682,000. Finally, Laurion Capital Management LP purchased a new position in shares of Linx in the second quarter worth $912,000.

Linx Company Profile

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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