Virtu Financial LLC Buys Shares of 33,051 Nano Nuclear Energy Inc. (NASDAQ:NNE)

Key Points

• Virtu Financial LLC has acquired a new position in Nano Nuclear Energy Inc., purchasing 33,051 shares valued at approximately $875,000.
• Vanguard Group Inc. increased its stake in Nano Nuclear Energy by 44.4%, owning 990,024 shares worth about $26.2 million after a recent purchase.
• Analysts are optimistic, with multiple upgrades suggesting a strong buy rating and an average target price of $51.75.

Virtu Financial LLC bought a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 33,051 shares of the company's stock, valued at approximately $875,000. Virtu Financial LLC owned 0.09% of Nano Nuclear Energy at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Franklin Resources Inc. purchased a new position in shares of Nano Nuclear Energy in the 4th quarter valued at $1,036,000. SG Americas Securities LLC raised its stake in shares of Nano Nuclear Energy by 113.8% in the 1st quarter. SG Americas Securities LLC now owns 29,586 shares of the company's stock valued at $783,000 after acquiring an additional 15,747 shares during the period. Millennium Management LLC purchased a new position in shares of Nano Nuclear Energy in the 4th quarter valued at $1,253,000. Cetera Investment Advisers purchased a new position in shares of Nano Nuclear Energy in the 4th quarter valued at $424,000. Finally, New York State Common Retirement Fund raised its stake in shares of Nano Nuclear Energy by 533.3% in the 1st quarter. New York State Common Retirement Fund now owns 7,600 shares of the company's stock valued at $201,000 after acquiring an additional 6,400 shares during the period.

Nano Nuclear Energy Stock Performance

NASDAQ NNE traded up $0.65 during trading hours on Friday, reaching $35.85. 2,281,086 shares of the company's stock were exchanged, compared to its average volume of 3,846,654. The company's 50-day moving average is $35.33 and its two-hundred day moving average is $30.52. Nano Nuclear Energy Inc. has a one year low of $6.52 and a one year high of $48.05. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of -39.51 and a beta of 7.15.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NNE. Northland Capmk upgraded shares of Nano Nuclear Energy to a "strong-buy" rating in a research report on Monday, July 7th. HC Wainwright reiterated a "buy" rating and issued a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Friday. Northland Securities began coverage on shares of Nano Nuclear Energy in a research report on Monday, July 7th. They issued an "outperform" rating and a $40.00 price objective on the stock. Finally, LADENBURG THALM/SH SH began coverage on shares of Nano Nuclear Energy in a research report on Thursday, July 10th. They issued a "buy" rating and a $51.00 price objective on the stock. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $51.75.

Nano Nuclear Energy Company Profile

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.