ZenaTech (NASDAQ:ZENA) Coverage Initiated by Analysts at Maxim Group

Maxim Group started coverage on shares of ZenaTech (NASDAQ:ZENA) in a research report sent to investors on Monday morning, Marketbeat reports. The brokerage issued a buy rating and a $9.00 target price on the stock.

Separately, Wall Street Zen upgraded shares of ZenaTech from a “sell” rating to a “hold” rating in a report on Friday, May 30th.

ZenaTech Stock Performance

ZENA stock opened at $5.05 on Monday. ZenaTech has a 52-week low of $1.41 and a 52-week high of $12.43. The company has a 50-day moving average of $2.73 and a two-hundred day moving average of $4.26.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC bought a new position in ZenaTech during the fourth quarter worth about $88,000. OMERS ADMINISTRATION Corp bought a new position in shares of ZenaTech in the fourth quarter valued at approximately $90,000. Jane Street Group LLC acquired a new position in shares of ZenaTech in the 4th quarter worth approximately $109,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in ZenaTech during the 4th quarter worth approximately $119,000.

About ZenaTech

ZenaTech, Inc, an enterprise software technology company, develops cloud-based software applications in Canada. It provides cryptocurrency wallets and cloud-based enterprise software solutions for the agriculture industry; cloud-based enterprise software solutions for the medical records industry; safety and compliance management software and mobile solutions; field management software and mobile solutions; integrated cloud-based enterprise software and hardware drone technology solutions for various industries; and browser-based enterprise software applications for public safety.