Linx (NASDAQ:LINX) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Linx (NASDAQ:LINX) from a sell rating to a hold rating in a research report sent to investors 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 target price on shares of Linx and gave the stock a buy rating in a research report on Tuesday, September 17th.

Shares of NASDAQ:LINX opened at $8.02 on Tuesday. The stock’s 50 day moving average is $7.67. Linx has a one year low of $6.59 and a one year high of $9.60.

Large investors have recently modified their holdings of the company. Point72 Hong Kong Ltd purchased a new position in shares of Linx during the second quarter worth approximately $271,000. Pentwater Capital Management LP purchased a new position in Linx during the second quarter valued at approximately $456,000. Moon Capital Management LP purchased a new position in Linx during the second quarter valued at approximately $456,000. Citadel Advisors LLC purchased a new position in Linx during the second quarter valued at approximately $682,000. Finally, Laurion Capital Management LP purchased a new position in Linx during the second quarter valued at approximately $912,000.

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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