Zenvia (NASDAQ:ZENV) Rating Lowered to Market Perform at Itau BBA Securities

Itau BBA Securities lowered shares of Zenvia (NASDAQ:ZENVGet Rating) from an outperform rating to a market perform rating in a research note published on Wednesday, The Fly reports. Itau BBA Securities currently has $1.80 price target on the stock, down from their previous price target of $11.00.

Several other brokerages also recently issued reports on ZENV. The Goldman Sachs Group lowered their price objective on shares of Zenvia from $3.40 to $2.90 and set a neutral rating for the company in a research report on Tuesday, September 6th. Morgan Stanley cut Zenvia from an overweight rating to an equal weight rating and set a $4.00 target price for the company. in a research note on Friday, July 8th.

Zenvia Stock Down 13.0 %

Shares of NASDAQ:ZENV opened at $1.40 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.12. Zenvia has a 52-week low of $1.40 and a 52-week high of $17.45. The company has a 50 day moving average of $2.08 and a two-hundred day moving average of $3.71. The company has a market capitalization of $57.56 million, a price-to-earnings ratio of -3.50 and a beta of 1.39.

Hedge Funds Weigh In On Zenvia

Several institutional investors and hedge funds have recently made changes to their positions in ZENV. Diametric Capital LP purchased a new position in shares of Zenvia during the 4th quarter valued at approximately $115,000. Newfoundland Capital Management bought a new position in Zenvia during the fourth quarter worth $686,000. LA Financiere DE L Echiquier lifted its stake in Zenvia by 1.6% during the first quarter. LA Financiere DE L Echiquier now owns 1,260,000 shares of the company’s stock worth $7,686,000 after purchasing an additional 20,000 shares during the last quarter. Banco BTG Pactual S.A. bought a new position in Zenvia during the first quarter worth $94,000. Finally, Mackenzie Financial Corp lifted its stake in Zenvia by 35.3% during the first quarter. Mackenzie Financial Corp now owns 24,617 shares of the company’s stock worth $150,000 after purchasing an additional 6,417 shares during the last quarter. 16.44% of the stock is currently owned by hedge funds and other institutional investors.

About Zenvia

(Get Rating)

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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