ZeroFox (NASDAQ:ZFOX) PT Lowered to $3.00

ZeroFox (NASDAQ:ZFOX – Get Rating) had its price target cut by equities research analysts at Jefferies Financial Group from $4.50 to $3.00 in a note issued to investors on Monday, The Fly reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 7.14% from the stock’s current price.

Separately, Stifel Nicolaus assumed coverage on ZeroFox in a report on Thursday, November 10th. They issued a “buy” rating and a $6.00 price objective for the company.

ZeroFox Stock Performance

ZFOX opened at $2.80 on Monday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.34. ZeroFox has a one year low of $2.50 and a one year high of $15.73. The business’s 50-day simple moving average is $3.73 and its 200-day simple moving average is $4.69.

Institutional Investors Weigh In On ZeroFox

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp acquired a new position in ZeroFox in the 3rd quarter valued at about $73,000. Victory Capital Management Inc. acquired a new position in shares of ZeroFox in the third quarter valued at approximately $80,000. Zuckerman Investment Group LLC purchased a new stake in shares of ZeroFox during the fourth quarter worth approximately $94,000. Moore Capital Management LP acquired a new stake in shares of ZeroFox during the third quarter worth $110,000. Finally, State Street Corp purchased a new position in ZeroFox in the 3rd quarter valued at $285,000.

ZeroFox Company Profile

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ZeroFox Holdings, Inc operates as an enterprise cybersecurity software-as-a-service company that addresses the full lifecycle of external cyber threats and risks. The company offers ZeroFox Protect that enables organizations to configure protective capabilities to identify and protect their external assets; ZeroFox Predict, a threat intelligence solution that enable customers to directly search across data lake of global threat indicators, tactics, adversary intelligence, exploits, vulnerabilities, and security tools; ZeroFox Detect that provides customers with real-time asset and vulnerability awareness for their external-facing internet digital footprint; ZeroFox Response that enables organizations to provide the 24×7 level of support necessary to respond to external attacks, incidents, data loss or exfiltration, or potential breaches; and ZeroFox Disrupt to report, block, and take down an attack's core components across the internet.