Zenvia (NASDAQ:ZENV) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Zenvia (NASDAQ:ZENV) from a buy rating to a hold rating in a report released on Wednesday morning, Zacks.com reports.

According to Zacks, “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 SÃO PAULO. “

A number of other analysts have also commented on ZENV. Morgan Stanley assumed coverage on Zenvia in a research note on Monday, August 16th. They issued an overweight rating for the company. The Goldman Sachs Group dropped their price target on Zenvia from $35.00 to $30.50 and set a buy rating for the company in a research note on Tuesday, September 21st. Finally, Itau BBA Securities assumed coverage on Zenvia in a research note on Monday, August 23rd. They issued an outperform rating and a $24.80 price target for the company.

NASDAQ:ZENV opened at $8.96 on Wednesday. Zenvia has a fifty-two week low of $8.60 and a fifty-two week high of $20.01. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.41. The company’s 50 day moving average is $13.41.

Zenvia (NASDAQ:ZENV) last released its quarterly earnings data on Tuesday, November 16th. The company reported ($0.28) earnings per share for the quarter. The firm had revenue of $31.33 million during the quarter. Sell-side analysts anticipate that Zenvia will post -0.33 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. UBS Group AG purchased a new position in shares of Zenvia during the 3rd quarter valued at about $25,000. Morgan Stanley purchased a new position in Zenvia in the 3rd quarter worth approximately $47,000. Royal Bank of Canada purchased a new position in Zenvia in the 3rd quarter worth approximately $74,000. Provenire Capital LLC purchased a new position in Zenvia in the 3rd quarter worth approximately $265,000. Finally, EAM Investors LLC purchased a new position in Zenvia in the 3rd quarter worth approximately $1,162,000. Institutional investors and hedge funds own 14.83% of the company’s stock.

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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