Shares of Linx S.A. (NASDAQ:LINX) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price target of $10.50 for the company, according to Zacks. Zacks has also assigned Linx an industry rank of 100 out of 256 based on the ratings given to related companies.
Separately, Jefferies Financial Group set a $11.00 price objective on Linx and gave the stock a “buy” rating in a research report on Tuesday.
NASDAQ:LINX opened at $8.04 on Wednesday. The business’s 50-day simple moving average is $7.72. Linx has a 1 year low of $6.59 and a 1 year high of $9.60.
Several large investors have recently added to or reduced their stakes in LINX. Pelham Global Financials Ltd. acquired a new position in shares of Linx during the 2nd quarter worth about $12,864,000. Monashee Investment Management LLC acquired a new stake in shares of Linx in the 2nd quarter valued at about $3,967,000. Third Point LLC acquired a new stake in shares of Linx in the 2nd quarter valued at about $1,828,000. Key Square Capital Management LLC acquired a new stake in shares of Linx in the 2nd quarter valued at about $13,680,000. Finally, BlackRock Inc. acquired a new stake in shares of Linx in the 2nd quarter valued at about $17,434,000.
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.
Further Reading: Neutral Rating
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