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

Key Points

• Weiss Ratings has reiterated a sell (D-) rating for Zenvia (NASDAQ:ZENV) after the company reported a loss of ($0.14) EPS, missing estimates.
• Zenvia's stock price fell 3.8% to $1.42, with a market capitalization of $73.96 million and negative net margins.
• Significant institutional investments have occurred recently, with Baader Bank increasing its stake by 214.9% and Goldman Sachs by 104.6% in the first quarter.

Zenvia (NASDAQ:ZENV - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Zenvia Trading Down 3.8%

Zenvia stock traded down $0.06 during trading on Wednesday, hitting $1.42. The company's stock had a trading volume of 47,099 shares, compared to its average volume of 84,847. The stock has a market capitalization of $73.96 million, a price-to-earnings ratio of -3.55 and a beta of 1.74. The stock's fifty day moving average is $1.47 and its 200 day moving average is $1.49. Zenvia has a 1-year low of $1.02 and a 1-year high of $3.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.38 and a current ratio of 0.38.

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

Institutional Investors Weigh In On Zenvia

Several institutional investors and hedge funds have recently added to or reduced their stakes in ZENV. XTX Topco Ltd acquired a new stake in Zenvia during the first quarter worth about $88,000. Baader Bank Aktiengesellschaft increased its stake in Zenvia by 214.9% during the first quarter. Baader Bank Aktiengesellschaft now owns 428,540 shares of the company's stock worth $904,000 after acquiring an additional 292,438 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Zenvia by 104.6% during the first 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 last quarter. 49.25% of the stock is currently owned by institutional investors and hedge funds.

About Zenvia

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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