NIP Group Inc.’s Lock-Up Period Set To Expire Tomorrow (NASDAQ:NIPG)

NIP Group’s (NASDAQ:NIPG) lock-up period is set to expire 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. After the expiration of the company’s lock-up period, company insiders and major shareholders will be able to sell their shares of the company.

Analyst Ratings Changes

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

NIP Group Price Performance

Shares of NIPG opened at $7.14 on Tuesday. NIP Group has a 52-week low of $5.40 and a 52-week high of $17.76. The firm has a 50-day moving average of $6.69.

Institutional Trading of NIP Group

An institutional investor recently bought a new position in NIP Group stock. GAMMA Investing LLC bought a new stake in shares of NIP Group Inc. (NASDAQ:NIPG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 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.