MetLife Investment Management LLC Purchases Shares of 14,586 Nano Nuclear Energy Inc. $NNE

Key Points

• MetLife Investment Management LLC acquired a new stake in Nano Nuclear Energy Inc., purchasing 14,586 shares valued at approximately $386,000 during the first quarter.
• Several large investors, including Nuveen LLC and Virtu Financial LLC, have also recently invested in Nano Nuclear Energy, signaling growing interest in the company.
• Equities analysts have provided mixed ratings for Nano Nuclear Energy, with one firm upgrading it to a "strong-buy" while another downgraded it to "sell"; the average consensus rating is "Moderate Buy" with a target price of $41.25.

MetLife Investment Management LLC acquired a new position in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,586 shares of the company's stock, valued at approximately $386,000.

Several other institutional investors and hedge funds have also recently modified their holdings of NNE. North Capital Inc. bought a new position in shares of Nano Nuclear Energy in the first quarter valued at approximately $26,000. Marshall Investment Management LLC bought a new position in shares of Nano Nuclear Energy in the first quarter valued at approximately $27,000. Ameriflex Group Inc. bought a new position in shares of Nano Nuclear Energy in the fourth quarter valued at approximately $29,000. KBC Group NV bought a new position in shares of Nano Nuclear Energy in the first quarter valued at approximately $31,000. Finally, Stone House Investment Management LLC bought a new position in shares of Nano Nuclear Energy in the first quarter valued at approximately $40,000.

Analyst Ratings Changes

Several research firms have recently issued reports on NNE. HC Wainwright reaffirmed a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Friday, August 15th. Northland Capmk raised Nano Nuclear Energy to a "strong-buy" rating in a report on Monday, July 7th. LADENBURG THALM/SH SH lowered Nano Nuclear Energy from a "buy" rating to a "sell" rating and reduced their target price for the company from $51.00 to $9.00 in a report on Monday, August 18th. BTIG Research began coverage on Nano Nuclear Energy in a report on Thursday, August 28th. They issued a "neutral" rating for the company. Finally, Northland Securities began coverage on Nano Nuclear Energy in a report on Monday, July 7th. They issued an "outperform" rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $41.25.

Nano Nuclear Energy Stock Performance

NASDAQ:NNE traded down $1.13 during trading hours on Wednesday, reaching $31.44. The stock had a trading volume of 2,384,232 shares, compared to its average volume of 2,437,908. The stock has a 50 day simple moving average of $34.43 and a 200 day simple moving average of $30.19. Nano Nuclear Energy Inc. has a 12-month low of $8.71 and a 12-month high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. On average, analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

About Nano Nuclear Energy

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.