Brokerages Set Cazoo Group Ltd (NYSE:CZOO) Price Target at $2.07

Cazoo Group Ltd (NYSE:CZOOGet Rating) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $2.07.

A number of research firms have recently weighed in on CZOO. The Goldman Sachs Group began coverage on shares of Cazoo Group in a report on Tuesday, May 24th. They issued a “neutral” rating and a $2.00 target price on the stock. Citigroup downgraded shares of Cazoo Group from a “buy” rating to a “neutral” rating and set a $1.50 target price on the stock. in a report on Wednesday, June 8th. UBS Group cut their price target on shares of Cazoo Group from $1.60 to $1.00 and set a “neutral” rating on the stock in a report on Thursday, August 4th. Finally, Berenberg Bank upgraded shares of Cazoo Group from a “sell” rating to a “buy” rating and upped their price target for the company from $0.49 to $2.33 in a report on Wednesday, August 10th.

Institutional Investors Weigh In On Cazoo Group

Several hedge funds have recently modified their holdings of CZOO. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Cazoo Group during the second quarter valued at approximately $47,000. Royal Bank of Canada lifted its position in Cazoo Group by 2,930.8% during the first quarter. Royal Bank of Canada now owns 18,094 shares of the company’s stock valued at $50,000 after acquiring an additional 17,497 shares during the last quarter. Exos Asset Management LLC lifted its position in Cazoo Group by 35.7% during the first quarter. Exos Asset Management LLC now owns 28,377 shares of the company’s stock valued at $78,000 after acquiring an additional 7,461 shares during the last quarter. Oribel Capital Management LP lifted its position in Cazoo Group by 37.3% during the fourth quarter. Oribel Capital Management LP now owns 22,909 shares of the company’s stock valued at $138,000 after acquiring an additional 6,224 shares during the last quarter. Finally, Ronit Capital LLP purchased a new stake in Cazoo Group during the second quarter valued at approximately $144,000. Hedge funds and other institutional investors own 69.52% of the company’s stock.

Cazoo Group Price Performance

Shares of CZOO opened at $0.68 on Thursday. The company has a quick ratio of 1.81, a current ratio of 3.49 and a debt-to-equity ratio of 0.35. The company has a 50 day simple moving average of $0.70 and a two-hundred day simple moving average of $1.53. Cazoo Group has a 1 year low of $0.45 and a 1 year high of $10.13.

Cazoo Group Company Profile

(Get Rating)

Cazoo Group Ltd operates as an online car retailer in the United Kingdom and rest of Europe. It allows consumers to purchase, finance, and subscribe to a car through online for delivery or collection. The company was founded in 2018 and is headquartered in London, the United Kingdom. Cazoo Group Ltd is a subsidiary of Cazoo Holdings Limited.

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Analyst Recommendations for Cazoo Group (NYSE:CZOO)

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