NIP Group (NASDAQ:NIPG) Price Target Lowered to $6.00 at Maxim Group

NIP Group (NASDAQ:NIPG) had its price target reduced by investment analysts at Maxim Group from $12.00 to $6.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Maxim Group’s target price indicates a potential upside of 354.55% from the stock’s previous close.

NIP Group Price Performance

NASDAQ:NIPG opened at $1.32 on Tuesday. NIP Group has a 1-year low of $0.99 and a 1-year high of $17.76. The firm has a fifty day simple moving average of $1.70 and a 200 day simple moving average of $4.02.

Hedge Funds Weigh In On NIP Group

An institutional investor recently bought a new position in NIP Group stock. XTX Topco Ltd bought a new stake in NIP Group Inc. (NASDAQ:NIPG) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,542 shares of the company’s stock, valued at approximately $40,000.

NIP Group Company Profile

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.