Weiss Ratings Reaffirms Sell (D-) Rating for Zenvia (NASDAQ:ZENV)

Key Points

• Weiss Ratings has reaffirmed a Sell (D-) rating for Zenvia (NASDAQ:ZENV), indicating unfavorable conditions for the stock.
• Zenvia's stock fell 1.4% on Friday, trading at $1.36, with a year low of $1.02 and a year high of $3.03.
• The company's recent earnings report showed a loss of ($0.14) EPS, missing expectations, and revenue of $50.43 million well below the anticipated $213.34 million.

Zenvia (NASDAQ:ZENV - Get Free Report)'s stock had its "sell (d-)" rating restated by investment analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Zenvia Stock Down 1.4%

Shares of NASDAQ:ZENV traded down $0.02 during trading hours on Friday, reaching $1.36. The stock had a trading volume of 15,408 shares, compared to its average volume of 81,254. Zenvia has a 1 year low of $1.02 and a 1 year high of $3.03. The firm's 50 day moving average is $1.43 and its 200-day moving average is $1.46. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market capitalization of $70.64 million, a price-to-earnings ratio of -3.40 and a beta of 1.74.

Zenvia (NASDAQ:ZENV - Get Free Report) last posted its earnings results on Wednesday, September 10th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.01). The company had revenue of $50.43 million during the quarter, compared to analysts' expectations of $213.34 million. Zenvia had a negative net margin of 10.62% and a negative return on equity of 14.36%. Research analysts predict that Zenvia will post -0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Baader Bank Aktiengesellschaft grew its position 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 purchasing an additional 292,438 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Zenvia by 104.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 65,644 shares of the company's stock worth $139,000 after acquiring an additional 33,556 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Zenvia in the first quarter valued at about $88,000. 49.25% of the stock is owned by hedge funds and other institutional investors.

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.

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