Nano Nuclear Energy Inc. (NASDAQ:NNE) Shares Bought by LPL Financial LLC

Key Points

• LPL Financial LLC has increased its holdings in Nano Nuclear Energy Inc. by 30.7%, owning approximately 136,270 shares valued at $3.6 million as of the latest SEC filing.
• Analysts are bullish on Nano Nuclear Energy, with multiple reports issuing a "buy" or "strong-buy" rating and setting target prices as high as $51.00.
• The stock opened at $35.89 and has shown significant growth potential, with a 52-week range between $6.52 and $48.05.

LPL Financial LLC boosted its holdings in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 30.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 136,270 shares of the company's stock after purchasing an additional 31,992 shares during the period. LPL Financial LLC owned about 0.37% of Nano Nuclear Energy worth $3,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Nano Nuclear Energy during the first quarter valued at $128,000. Cetera Investment Advisers lifted its position in Nano Nuclear Energy by 168.7% during the first quarter. Cetera Investment Advisers now owns 45,789 shares of the company's stock valued at $1,212,000 after purchasing an additional 28,748 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Nano Nuclear Energy in the first quarter valued at $122,000. IFP Advisors Inc increased its holdings in Nano Nuclear Energy by 118.6% in the first quarter. IFP Advisors Inc now owns 3,228 shares of the company's stock valued at $85,000 after buying an additional 1,751 shares in the last quarter. Finally, CWM LLC increased its holdings in Nano Nuclear Energy by 237.2% in the first quarter. CWM LLC now owns 5,173 shares of the company's stock valued at $137,000 after buying an additional 3,639 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NNE shares. LADENBURG THALM/SH SH started coverage on shares of Nano Nuclear Energy in a report on Thursday, July 10th. They issued a "buy" rating and a $51.00 price objective for the company. Northland Capmk raised shares of Nano Nuclear Energy to a "strong-buy" rating in a report on Monday, July 7th. Northland Securities started coverage on shares of Nano Nuclear Energy in a report on Monday, July 7th. They issued an "outperform" rating and a $40.00 price objective for the company. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a report on Friday. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $51.75.

Nano Nuclear Energy Stock Up 2.0%

NNE stock opened at $35.89 on Friday. The stock has a market capitalization of $1.49 billion, a P/E ratio of -38.59 and a beta of 7.15. The firm has a 50-day simple moving average of $35.42 and a 200-day simple moving average of $30.53. Nano Nuclear Energy Inc. has a 52 week low of $6.52 and a 52 week high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last released its 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.

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