Zacks Investment Research Downgrades Linx (NASDAQ:LINX) to Sell
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. “
A number of other research firms have also commented on LINX. HSBC upgraded Linx from a reduce rating to a hold rating in a research report on Monday, May 18th. JPMorgan Chase & Co. lowered Linx from a neutral rating to an underweight rating in a research report on Friday, June 5th. Credit Suisse Group lowered Linx from an outperform rating to a neutral rating in a research report on Tuesday, June 2nd. BidaskClub upgraded Linx from a sell rating to a hold rating in a research report on Thursday, June 4th. Finally, Jefferies Financial Group upped their price target on Linx from $5.00 to $10.00 and gave the company a buy rating in a research report on Wednesday, April 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $8.17.
Linx (NASDAQ:LINX) last released its quarterly earnings results on Wednesday, June 10th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The business had revenue of $47.09 million during the quarter, compared to analysts’ expectations of $38.43 million.
The firm also recently announced a — dividend, which was paid on Monday, June 1st. Investors of record on Tuesday, May 5th were given a dividend of $0.0184 per share. The ex-dividend date was Monday, May 4th.
Several institutional investors have recently made changes to their positions in the stock. Marks Group Wealth Management Inc bought a new stake in shares of Linx during the 1st quarter valued at about $34,000. London & Capital Asset Management Ltd bought a new stake in shares of Linx during the 1st quarter valued at about $44,000. Two Sigma Investments LP bought a new position in Linx in the first quarter worth approximately $48,000. Nuveen Asset Management LLC bought a new position in Linx in the first quarter worth approximately $48,000. Finally, Envestnet Asset Management Inc. bought a new position in Linx in the first quarter worth approximately $51,000.
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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