Cazoo Group Ltd (NYSE:CZOO) Given Average Rating of “Hold” by Brokerages

Cazoo Group Ltd (NYSE:CZOOGet Rating) has been assigned an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $1.94.

Several research analysts have recently commented on CZOO shares. UBS Group lowered their price objective on shares of Cazoo Group from $1.00 to $0.35 and set a “neutral” rating for the company in a research note on Tuesday, November 15th. Berenberg Bank raised shares of Cazoo Group from a “sell” rating to a “buy” rating and raised their price objective for the company from $0.49 to $2.33 in a research note on Wednesday, August 10th.

Cazoo Group Stock Performance

Shares of CZOO stock opened at $0.30 on Tuesday. 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 moving average of $0.41 and a two-hundred day moving average of $0.74. Cazoo Group has a 1-year low of $0.29 and a 1-year high of $9.30.

Institutional Trading of Cazoo Group

Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp acquired a new stake in Cazoo Group in the third quarter valued at approximately $106,000. TFG Asset Management GP Ltd raised its holdings in Cazoo Group by 39.7% in the third quarter. TFG Asset Management GP Ltd now owns 7,735,220 shares of the company’s stock valued at $3,558,000 after acquiring an additional 2,200,000 shares in the last quarter. Builders Union LLP acquired a new stake in Cazoo Group in the third quarter valued at approximately $4,519,000. Ronit Capital LLP raised its holdings in Cazoo Group by 100.0% in the third quarter. Ronit Capital LLP now owns 400,000 shares of the company’s stock valued at $184,000 after acquiring an additional 200,000 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Cazoo Group by 926.2% in the third quarter. SG Americas Securities LLC now owns 153,935 shares of the company’s stock valued at $71,000 after acquiring an additional 138,935 shares in the last quarter. Institutional investors and hedge funds own 69.52% of the company’s stock.

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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