NIP Group Inc.’s (NASDAQ:NIPG) Lock-Up Period Will End on January 22nd

NIP Group’s (NASDAQ:NIPG) lock-up period will end on Wednesday, January 22nd. NIP Group had issued 2,250,000 shares in its initial public offering on July 26th. The total size of the offering was $20,250,000 based on an initial share price of $9.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Separately, Maxim Group began coverage on shares of NIP Group in a research report on Thursday, December 19th. They set a “buy” rating and a $12.00 price objective for the company.

NIP Group Stock Down 0.5 %

Shares of NIPG stock opened at $6.62 on Wednesday. NIP Group has a twelve month low of $5.40 and a twelve month high of $17.76. The stock’s fifty day simple moving average is $6.65.

Institutional Investors Weigh In On NIP Group

A hedge fund recently bought a new stake in NIP Group stock. GAMMA Investing LLC acquired a new stake in NIP Group Inc. (NASDAQ:NIPG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,622 shares of the company’s stock, valued at approximately $44,000.

NIP Group Company Profile

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.