Zenvia (NASDAQ:ZENV) Shares Down 0.8% - Here's What Happened

Zenvia Inc. (NASDAQ:ZENV - Get Free Report)'s share price was down 0.8% on Thursday . The stock traded as low as $1.20 and last traded at $1.25. Approximately 14,617 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 75,621 shares. The stock had previously closed at $1.26.

Zenvia Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.50 and a quick ratio of 0.50. The firm has a market cap of $63.36 million, a price-to-earnings ratio of -5.30 and a beta of 1.89. The company has a fifty day moving average price of $1.47 and a two-hundred day moving average price of $1.81.

Zenvia (NASDAQ:ZENV - Get Free Report) last announced 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). The company had revenue of $44.97 million for the quarter, compared to analyst estimates of $251.47 million. Zenvia had a negative return on equity of 6.75% and a negative net margin of 6.14%. As a group, equities research analysts expect that Zenvia Inc. will post -0.09 EPS for the current year.

Institutional Investors Weigh In On Zenvia

Institutional investors and hedge funds have recently modified their holdings of the stock. Two Sigma Securities LLC acquired a new stake in shares of Zenvia during the fourth quarter worth $61,000. NewEdge Advisors LLC acquired a new stake in shares of Zenvia during the fourth quarter worth $101,000. Goldman Sachs Group Inc. raised its position in shares of 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 purchasing an additional 33,556 shares during the period. XTX Topco Ltd acquired a new stake in shares of Zenvia during the first quarter worth $88,000. Finally, Baader Bank Aktiengesellschaft raised its position in shares of 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 purchasing an additional 292,438 shares during the period. 49.25% of the stock is owned by institutional investors and hedge funds.

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.