Zacks Investment Research Upgrades Linx (NASDAQ:LINX) to Hold

Zacks Investment Research upgraded shares of Linx (NASDAQ:LINX) from a sell rating to a hold rating in a research report report published on Wednesday, 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 dropped their price objective on shares of Linx to $10.00 and set a buy rating for the company in a research report on Thursday, November 14th.

Shares of LINX traded down $0.10 during mid-day trading on Wednesday, hitting $7.63. 266,268 shares of the company traded hands, compared to its average volume of 269,940. Linx has a one year low of $6.59 and a one year high of $9.60. The business has a 50-day simple moving average of $7.79.

Several hedge funds have recently added to or reduced their stakes in LINX. Millennium Management LLC bought a new stake in shares of Linx during the third quarter worth $233,000. Point72 Hong Kong Ltd bought a new position in Linx in the second quarter valued at about $271,000. Pentwater Capital Management LP bought a new position in Linx in the second quarter valued at about $456,000. Moon Capital Management LP acquired a new stake in Linx in the second quarter worth about $456,000. Finally, Citadel Advisors LLC acquired a new stake in Linx in the second quarter worth about $682,000.

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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