Shares of Zenvia Inc. (NASDAQ:ZENV – Get Free Report) were down 0.8% during mid-day trading on Monday . The stock traded as low as $1.16 and last traded at $1.19. Approximately 6,151 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 31,623 shares. The stock had previously closed at $1.20.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zenvia in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Zenvia has an average rating of “Sell”.
Read Our Latest Analysis on Zenvia
Zenvia Price Performance
Zenvia (NASDAQ:ZENV – Get Free Report) last released its earnings results on Wednesday, September 10th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). Zenvia had a negative net margin of 10.62% and a negative return on equity of 14.36%. The company had revenue of $50.43 million for the quarter, compared to the consensus estimate of $213.34 million. On average, research analysts predict that Zenvia Inc. will post -0.09 earnings per share for the current fiscal year.
Institutional Trading of Zenvia
A hedge fund recently raised its stake in Zenvia stock. Goldman Sachs Group Inc. raised its position in Zenvia Inc. (NASDAQ:ZENV – Free Report) by 104.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,644 shares of the company’s stock after buying an additional 33,556 shares during the quarter. Goldman Sachs Group Inc. owned about 0.13% of Zenvia worth $139,000 at the end of the most recent reporting period. 49.25% of the stock is owned by hedge funds and other institutional investors.
About Zenvia
Zenvia Inc provides customer experience communications platform which empowers businesses to create unique journeys for their end-customers along their life cycle across range of B2C verticals. Zenvia Inc is based in S?O PAULO.
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