Zenvia (NASDAQ:ZENV) Stock Price Down 9.8% – Time to Sell?

Zenvia Inc. (NASDAQ:ZENV) dropped 9.8% on Friday . The stock traded as low as $1.46 and last traded at $1.65. Approximately 293,952 shares changed hands during trading, an increase of 279% from the average daily volume of 77,498 shares. The stock had previously closed at $1.83.

Zenvia Price Performance

The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $85.70 million, a price-to-earnings ratio of -3.00 and a beta of 1.73. The company has a 50 day simple moving average of $1.46 and a 200 day simple moving average of $1.81.

Zenvia (NASDAQ:ZENV) last posted its earnings results on Thursday, May 15th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.37). Zenvia had a negative net margin of 15.70% and a negative return on equity of 17.79%. The company had revenue of $44.97 million during the quarter, compared to analyst estimates of $251.47 million. As a group, research analysts predict that Zenvia Inc. will post -0.09 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Two Sigma Securities LLC bought a new position in Zenvia during the 4th quarter worth approximately $61,000. XTX Topco Ltd bought a new position in Zenvia during the 1st quarter worth approximately $88,000. NewEdge Advisors LLC bought a new position in Zenvia during the 4th quarter worth approximately $101,000. Goldman Sachs Group Inc. lifted its holdings in Zenvia by 104.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 65,644 shares of the company’s stock worth $139,000 after buying an additional 33,556 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft lifted its holdings in Zenvia by 214.9% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 428,540 shares of the company’s stock worth $904,000 after buying an additional 292,438 shares during the last quarter. Hedge funds and other institutional investors own 49.25% of the company’s stock.

Zenvia Company Profile

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.