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

Zenvia Inc. (NASDAQ:ZENV - Get Free Report) 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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.