Armadillo Capital Management LLC recently announced the acquisition of new stake in Zenvia Inc. (NASDAQ:ZENV). The institutional investor has increased its shareholding in the Technology company by 79.05% to 1.68 million shares with purchase of 0.74 million shares. This fresh investment now brings its stake to 9.28% valued currently at $1.93 million. In addition, Bestinver Gestión SA SGIIC raised its holdings by 73227.0 to 0.2 million shares. And Baader Bank AG has lifted its position by 66.67% or 60000.0 shares – to 0.15 million shares.
With over 0.28 million Zenvia Inc. (ZENV) shares trading Tuesday and a closing price of $1.10 on the day, the dollar volume was approximately $0.31 million. The shares have shown a negative half year performance of -47.62% and its price on 01/24/23 lost nearly -4.35%. Currently, there are 41.65M common shares owned by the public and among those 10.65M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for ZENV have a consensus price objective of $20.63. The analysts have set the share’s price value over the next 12 months at a high of $52.13 and a low of $9.83. The average price target is 74.24% above its recent price level and an upside to the estimated low will see the stock gain 88.81% over that period. But an upside of 97.89% will see the stock hit the forecast high price target while median target price for the stock is $10.29.
The top 3 mutual fund holders in Zenvia Inc. are Echiquier SICAV – World Next Lead, Bogari Value Master II Fundo de I, and Bogari Value Master FI de Ações. Echiquier SICAV – World Next Lead owns 1.24 million shares of the company’s stock, all valued at over $1.43 million. The company bought an additional 1.24 million shares recently to bring their total holdings to about 6.86% of the shares outstanding. Bogari Value Master FI de Ações now owns shares totaling to 1.07% of the shares outstanding.
Shares of Zenvia Inc. (NASDAQ: ZENV) opened at $1.16, up $0.01 from a prior closing price of $1.15. However, the script later moved the day high at 1.1700, down -4.35%. The company’s stock has a 5-day price change of -4.35% and -36.42% over the past three months. ZENV shares are trading -4.35% year to date (YTD), with the 12-month market performance down to -79.17% lower. It has a 12-month low price of $0.99 and touched a high of $7.78 over the same period. ZENV has an average intraday trading volume of 33.47K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.15%, -21.50%, and -57.84% respectively.
Institutional ownership of Zenvia Inc. (NASDAQ: ZENV) shares accounts for 30.60% of the company’s 41.65M shares outstanding. Mutual fund holders own 13.65%, while other institutional holders and individual stakeholders account for 15.75% and — respectively.
It has a market capitalization of $41.56M. The earnings-per-share (ttm) stands at -$0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 14.62% over the week and 13.21% over the month.
Analysts forecast that Zenvia Inc. (ZENV) will achieve an EPS of -$0.14 for the current quarter, -$0.13 for the next quarter and -$0.23 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.14 while analysts give the company a high EPS estimate of -$0.14. Comparatively, EPS for the current quarter was -$0.28 a year ago. Earnings per share for the fiscal year are expected to decrease by -98.10%, and 56.10% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Zenvia Inc. (ZENV) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 3 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ZENV, a number of firms have released research notes about the stock. Itau BBA stated their Market Perform rating for the stock in a research note on September 21, 2022, with the firm’s price target at $11-$1.80. Itau BBA coverage for the Zenvia Inc. (ZENV) stock in a research note released on August 23, 2021 offered a Outperform rating with a price target of $24.80.