Analysts Issue Forecasts for Linx S.A.’s FY2019 Earnings (NASDAQ:LINX)

Linx S.A. (NASDAQ:LINX) – Jefferies Financial Group reduced their FY2019 earnings estimates for shares of Linx in a research report issued to clients and investors on Thursday, November 14th. Jefferies Financial Group analyst S. Samana now forecasts that the company will post earnings per share of $0.06 for the year, down from their previous forecast of $0.09. Jefferies Financial Group currently has a “Buy” rating and a $10.00 target price on the stock. Jefferies Financial Group also issued estimates for Linx’s FY2020 earnings at $0.10 EPS.

Separately, Zacks Investment Research downgraded shares of Linx from a “hold” rating to a “sell” rating in a report on Tuesday, October 15th.

LINX opened at $7.08 on Monday. Linx has a 52-week low of $6.59 and a 52-week high of $9.60. The firm’s fifty day moving average is $8.14.

Several large investors have recently bought and sold shares of LINX. BlackRock Inc. purchased a new position in Linx during the second quarter worth about $17,434,000. Morgan Stanley purchased a new position in Linx during the second quarter worth about $16,451,000. Key Square Capital Management LLC purchased a new position in Linx during the second quarter worth about $13,680,000. Pelham Global Financials Ltd. purchased a new position in Linx during the second quarter worth about $12,864,000. Finally, Marshall Wace North America L.P. purchased a new position in Linx during the second quarter worth about $9,121,000.

Linx Company Profile

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.

See Also: What is meant by a buy rating?

Receive News & Ratings for Linx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Linx and related companies with MarketBeat.com's FREE daily email newsletter.