NIP Group's (NASDAQ:NIPG - Get Free Report) lock-up period will expire on Wednesday, January 22nd. NIP Group had issued 2,250,000 shares in its public offering on July 26th. The total size of the offering was $20,250,000 based on an initial share price of $9.00. After the expiration of the company's lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
Analyst Ratings Changes
Separately, Maxim Group began coverage on NIP Group in a research note on Thursday, December 19th. They set a "buy" rating and a $12.00 price objective for the company.
View Our Latest Analysis on NIP Group
NIP Group Stock Up 2.9 %
NIP Group stock traded up $0.19 during trading hours on Wednesday, reaching $6.81. The stock had a trading volume of 115,850 shares, compared to its average volume of 67,694. The company's fifty day simple moving average is $6.65. NIP Group has a 52 week low of $5.40 and a 52 week high of $17.76.
Hedge Funds Weigh In On NIP Group
A hedge fund recently bought a new stake in NIP Group stock. GAMMA Investing LLC purchased a new stake in shares of NIP Group Inc. (NASDAQ:NIPG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,622 shares of the company's stock, valued at approximately $44,000.
NIP Group Company Profile
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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.
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