Linx (NASDAQ:LINX) Now Covered by Analysts at Goldman Sachs Group

Equities research analysts at Goldman Sachs Group initiated coverage on shares of Linx (NASDAQ:LINX) in a research note issued on Tuesday, BenzingaRatingsTable reports. The firm set a “buy” rating and a $11.00 price target on the stock. Goldman Sachs Group’s price objective suggests a potential upside of 24.43% from the company’s previous close.

Several other brokerages also recently weighed in on LINX. Jefferies Financial Group reduced their target price on Linx to $10.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Zacks Investment Research raised Linx from a “sell” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Bank of America downgraded Linx from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th.

Shares of LINX stock traded down $0.05 during trading hours on Tuesday, hitting $8.84. 753 shares of the company’s stock were exchanged, compared to its average volume of 90,680. The business’s 50 day moving average price is $8.14. Linx has a fifty-two week low of $6.59 and a fifty-two week high of $9.60.

Several hedge funds have recently made changes to their positions in LINX. Millennium Management LLC acquired a new position in shares of Linx during the 3rd quarter worth approximately $233,000. Point72 Hong Kong Ltd acquired a new position in Linx in the 2nd quarter valued at $271,000. Pentwater Capital Management LP acquired a new position in Linx in the 2nd quarter valued at $456,000. Citadel Advisors LLC acquired a new position in Linx in the 2nd quarter valued at $682,000. Finally, Newfoundland Capital Management acquired a new position in Linx in the 2nd quarter valued at $1,047,000.

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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