Shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) have earned an average recommendation of “Hold” from the twenty research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $38.09.

ZAYO has been the topic of a number of research analyst reports. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $42.00 price target (up from $36.00) on shares of Zayo Group Holdings in a research note on Friday, May 12th. CIBC raised their price target on shares of Zayo Group Holdings from $36.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Goldman Sachs Group, Inc. (The) downgraded shares of Zayo Group Holdings from a “conviction-buy” rating to a “buy” rating in a research note on Friday, May 19th. BidaskClub upgraded shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Finally, Pacific Crest reiterated an “equal weight” rating on shares of Zayo Group Holdings in a report on Friday, June 23rd.

In other Zayo Group Holdings news, CEO Daniel Caruso sold 295,078 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $33.89, for a total transaction of $10,000,193.42. Following the completion of the transaction, the chief executive officer now owns 4,284,854 shares in the company, valued at approximately $145,213,702.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kenneth Desgarennes sold 38,885 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $31.52, for a total transaction of $1,225,655.20. Following the transaction, the chief financial officer now owns 1,055,045 shares of the company’s stock, valued at approximately $33,255,018.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 932,384 shares of company stock valued at $30,359,019. Company insiders own 5.80% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC bought a new position in Zayo Group Holdings during the 2nd quarter worth approximately $142,000. Point72 Asia Hong Kong Ltd bought a new position in Zayo Group Holdings during the 1st quarter worth approximately $151,000. Daiwa Securities Group Inc. raised its holdings in Zayo Group Holdings by 475.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,600 shares of the technology company’s stock worth $151,000 after purchasing an additional 3,800 shares during the last quarter. Nordea Investment Management AB raised its holdings in Zayo Group Holdings by 6.8% during the 1st quarter. Nordea Investment Management AB now owns 5,240 shares of the technology company’s stock worth $172,000 after purchasing an additional 335 shares during the last quarter. Finally, Meadow Creek Investment Management LLC raised its holdings in Zayo Group Holdings by 113.6% during the 1st quarter. Meadow Creek Investment Management LLC now owns 5,536 shares of the technology company’s stock worth $182,000 after purchasing an additional 2,944 shares during the last quarter. Hedge funds and other institutional investors own 78.92% of the company’s stock.

Shares of Zayo Group Holdings (NYSE:ZAYO) traded down 0.23% during trading on Friday, hitting $34.13. 1,502,388 shares of the company’s stock were exchanged. Zayo Group Holdings has a 1-year low of $28.15 and a 1-year high of $35.65. The stock’s 50-day moving average price is $33.47 and its 200-day moving average price is $32.63. The stock has a market cap of $8.41 billion, a PE ratio of 97.51 and a beta of 0.55.

Zayo Group Holdings (NYSE:ZAYO) last posted its quarterly earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by $0.02. Zayo Group Holdings had a net margin of 3.90% and a return on equity of 7.48%. The company had revenue of $638 million during the quarter, compared to analyst estimates of $642.67 million. During the same quarter in the previous year, the business posted ($0.13) earnings per share. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, equities analysts expect that Zayo Group Holdings will post $0.59 earnings per share for the current fiscal year.

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About Zayo Group Holdings

Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.

Analyst Recommendations for Zayo Group Holdings (NYSE:ZAYO)

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