NXT-ID Inc (NASDAQ:NXTD) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus target price of $5.00 for the company, according to Zacks. Zacks has also given NXT-ID an industry rank of 107 out of 265 based on the ratings given to its competitors.
A number of analysts recently issued reports on NXTD shares. Maxim Group reissued a “buy” rating and set a $5.00 price objective on shares of NXT-ID in a report on Tuesday, September 5th. ValuEngine raised NXT-ID from a “sell” rating to a “hold” rating in a report on Friday, December 1st.
A hedge fund recently raised its stake in NXT-ID stock. Vanguard Group Inc. increased its stake in shares of NXT-ID Inc (NASDAQ:NXTD) by 2.2% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 76,010 shares of the technology company’s stock after purchasing an additional 1,609 shares during the period. Vanguard Group Inc. owned 0.79% of NXT-ID worth $144,000 as of its most recent SEC filing. 4.62% of the stock is currently owned by institutional investors and hedge funds.
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Nxt-ID, Inc is a technology company. The Company is focused on products, solutions and services for security on mobile devices. The Company’s core technologies consist of those that support digital payments, biometric identification, encryption, sensors and miniaturization. It has three lines of business: mobile commerce (m-commerce), primarily through the application of secure digital payment technologies; biometric access control applications, and Department of Defense contracting.
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