Zenvia (NASDAQ:ZENV) Trading Down 9.8% - Here's What Happened

Zenvia Inc. (NASDAQ:ZENV - Get Free Report) shares fell 9.8% on Friday . The stock traded as low as $1.46 and last traded at $1.65. 293,952 shares were traded during mid-day trading, an increase of 279% from the average session volume of 77,498 shares. The stock had previously closed at $1.83.

Zenvia Price Performance

The company has a market cap of $82.07 million, a P/E ratio of -2.87 and a beta of 1.74. The firm's 50-day moving average is $1.46 and its two-hundred day moving average is $1.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.47 and a quick ratio of 0.47.

Zenvia (NASDAQ:ZENV - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported ($0.46) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.37). Zenvia had a negative return on equity of 17.79% and a negative net margin of 15.70%. The business had revenue of $44.97 million during the quarter, compared to the consensus estimate of $251.47 million. Analysts anticipate that Zenvia Inc. will post -0.09 earnings per share for the current year.

Institutional Investors Weigh In On Zenvia

Several institutional investors have recently modified their holdings of the stock. Baader Bank Aktiengesellschaft increased its position in shares of Zenvia by 214.9% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 428,540 shares of the company's stock valued at $904,000 after purchasing an additional 292,438 shares during the last quarter. NewEdge Advisors LLC bought a new position in Zenvia during the fourth quarter valued at $101,000. XTX Topco Ltd bought a new position in Zenvia during the first quarter valued at $88,000. Goldman Sachs Group Inc. raised its stake in shares of Zenvia by 104.6% in the first quarter. Goldman Sachs Group Inc. now owns 65,644 shares of the company's stock valued at $139,000 after acquiring an additional 33,556 shares during the period. Finally, Two Sigma Securities LLC bought a new stake in shares of Zenvia in the 4th quarter worth about $61,000. 49.25% of the stock is owned by institutional investors.

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.