Zenvia (NASDAQ:ZENV) Downgraded by Itau BBA Securities to Market Perform

Itau BBA Securities downgraded shares of Zenvia (NASDAQ:ZENVGet Rating) from an outperform rating to a market perform rating in a research report released on Wednesday morning, The Fly reports. Itau BBA Securities currently has $1.80 price objective on the stock, down from their prior price objective of $11.00.

Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group cut 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 lowered shares of Zenvia from an overweight rating to an equal weight rating and set a $4.00 price objective for the company. in a research note on Friday, July 8th.

Zenvia Price Performance

Shares of NASDAQ ZENV opened at $1.40 on Wednesday. The firm has a 50-day simple moving average of $2.08 and a 200-day simple moving average of $3.71. The stock has a market capitalization of $57.56 million, a price-to-earnings ratio of -3.50 and a beta of 1.39. 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.

Institutional Investors Weigh In On Zenvia

Several institutional investors have recently made changes to their positions in ZENV. Diametric Capital LP purchased a new stake in shares of Zenvia in the 4th quarter worth about $115,000. Newfoundland Capital Management purchased a new stake in shares of Zenvia in the 4th quarter worth about $686,000. LA Financiere DE L Echiquier boosted its position in shares of Zenvia by 1.6% in the 1st quarter. LA Financiere DE L Echiquier now owns 1,260,000 shares of the company’s stock worth $7,686,000 after buying an additional 20,000 shares in the last quarter. Banco BTG Pactual S.A. purchased a new stake in shares of Zenvia in the 1st quarter worth about $94,000. Finally, Mackenzie Financial Corp boosted its position in shares of Zenvia by 35.3% in the 1st quarter. Mackenzie Financial Corp now owns 24,617 shares of the company’s stock worth $150,000 after buying an additional 6,417 shares in 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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