Zenvia (NASDAQ:ZENV) Shares Down 0.8% – Time to Sell?

Zenvia Inc. (NASDAQ:ZENVGet Free Report)’s share price dropped 0.8% on Monday . The company traded as low as $1.16 and last traded at $1.19. Approximately 6,151 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 31,623 shares. The stock had previously closed at $1.20.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zenvia in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

View Our Latest Stock Report on Zenvia

Zenvia Price Performance

The company has a fifty day moving average of $1.34 and a 200-day moving average of $1.42. The firm has a market cap of $61.80 million, a P/E ratio of -2.97 and a beta of 1.74. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.38 and a quick ratio of 0.38.

Zenvia (NASDAQ:ZENVGet Free Report) last issued its quarterly earnings data on Wednesday, September 10th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The company had revenue of $50.43 million for the quarter, compared to the consensus estimate of $213.34 million. Zenvia had a negative net margin of 10.62% and a negative return on equity of 14.36%. On average, sell-side analysts anticipate that Zenvia Inc. will post -0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Zenvia stock. Goldman Sachs Group Inc. boosted its position in Zenvia Inc. (NASDAQ:ZENVFree Report) by 104.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 65,644 shares of the company’s stock after purchasing an additional 33,556 shares during the period. Goldman Sachs Group Inc. owned about 0.16% of Zenvia worth $139,000 as of its most recent SEC filing. Institutional investors and hedge funds own 49.25% of the company’s stock.

Zenvia Company Profile

(Get Free Report)

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.

Further Reading

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