Linx (NASDAQ:LINX) Lowered to “Neutral” at Bank of America

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Bank of America downgraded shares of Linx (NASDAQ:LINX) from a buy rating to a neutral rating in a research report sent to investors on Monday, The Fly reports.

LINX has been the topic of several other research reports. Zacks Investment Research raised Linx from a sell rating to a hold rating in a report on Tuesday, December 31st. Jefferies Financial Group lowered their price target on Linx to $10.00 and set a buy rating on the stock in a report on Thursday, November 14th.

NASDAQ LINX traded down $0.35 during trading hours on Monday, hitting $8.63. The company had a trading volume of 82,300 shares, compared to its average volume of 95,850. Linx has a 52 week low of $6.59 and a 52 week high of $9.60. The company’s 50 day moving average is $7.89.

Several large investors have recently added to or reduced their stakes in LINX. BlackRock Inc. purchased a new stake in shares of Linx in the 2nd quarter valued at about $17,434,000. Morgan Stanley purchased a new stake in shares of Linx in the 2nd quarter valued at about $16,451,000. Key Square Capital Management LLC purchased a new stake in shares of Linx in the 2nd quarter valued at about $13,680,000. Marshall Wace North America L.P. purchased a new stake in shares of Linx in the 2nd quarter valued at about $9,121,000. Finally, Bank of America Corp DE purchased a new stake in shares of Linx in the 2nd quarter valued at about $5,596,000.

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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