Wejo Group (NASDAQ:WEJO) Upgraded to Hold by Zacks Investment Research

Wejo Group (NASDAQ:WEJOGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Wejo is a provider of connected vehicle data. Wejo, formerly known as Virtuoso Acquisition Corp., is based in NEW YORK. “

Separately, Robert W. Baird lowered their target price on shares of Wejo Group from $10.00 to $8.00 in a report on Friday, April 1st.

WEJO stock traded up $0.01 during midday trading on Wednesday, reaching $2.82. 1,498 shares of the company’s stock traded hands, compared to its average volume of 492,967. The firm has a 50-day moving average price of $3.61. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.58 and a quick ratio of 3.58. Wejo Group has a 52 week low of $2.77 and a 52 week high of $19.90.

Several institutional investors have recently added to or reduced their stakes in WEJO. Penserra Capital Management LLC purchased a new stake in Wejo Group during the fourth quarter valued at about $34,000. Advisor Group Holdings Inc. bought a new position in shares of Wejo Group during the 4th quarter valued at about $162,000. Private Advisor Group LLC purchased a new position in shares of Wejo Group during the 4th quarter valued at about $220,000. State of Tennessee Treasury Department purchased a new position in shares of Wejo Group during the 4th quarter valued at about $291,000. Finally, Geode Capital Management LLC purchased a new position in shares of Wejo Group during the 4th quarter valued at about $341,000. 38.04% of the stock is currently owned by hedge funds and other institutional investors.

Wejo Group Company Profile (Get Rating)

Wejo Group Limited provides software and technology solutions to various market verticals. It offers Wejo Neural Edge, a cloud software and analytics platform that makes accessing and sharing volumes of connected vehicle data. The company provides Wejo Marketplace Data Solutions, which includes its data visualization platform; and Wejo Software and Cloud Solutions.

Further Reading

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