Greenvale Capital LLP recently announced the acquisition of new stake in Cazoo Group Ltd (NYSE:CZOO). The institutional investor has increased its shareholding in the Consumer Cyclical company by 7.74% to 2.52 million shares with purchase of 0.18 million shares. This fresh investment now brings its stake to 6.56% valued currently at $5.68 million. In addition, TFG Asset Management UK LLP raised its holdings by 50000.0 to 0.44 million shares.
With over 5.25 million Cazoo Group Ltd (CZOO) shares trading Friday and a closing price of $2.62 on the day, the dollar volume was approximately $13.75 million. The shares have shown a negative half year performance of -81.07% and its price on 03/10/23 gained nearly 32.32%. Currently, there are 37.97M common shares owned by the public and among those 25.96M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for CZOO have a consensus price objective of $0.04. The analysts have set the share’s price value over the next 12 months at a high of $0.04 and a low of $0.04. The average price target is 99.36% above its recent price level and a downside to the estimated low will see the stock lose -6450.0% over that period. But a downside of -6450.0% will see the stock hit the forecast high price target while median target price for the stock is $0.04.
The top 3 mutual fund holders in Cazoo Group Ltd are Fidelity Advisor Series I -Growth, LF Lindsell Train UK Equity Fund, and Finsbury Growth & Income Trust Pl. Fidelity Advisor Series I -Growth owns 0.62 million shares of the company’s stock, all valued at over $1.4 million. Finsbury Growth & Income Trust Pl bought 59.0 shares to bring its total holdings to over 0.18 million shares at a value of $0.41 million. Finsbury Growth & Income Trust Pl now owns shares totaling to 0.47% of the shares outstanding.
Shares of Cazoo Group Ltd (NYSE: CZOO) opened at $2.00, up $0.02 from a prior closing price of $1.98. However, the script later moved the day high at 3.1400, up 32.32%. The company’s stock has a 5-day price change of 22.43% and -44.26% over the past three months. CZOO shares are trading -16.45% year to date (YTD), with the 12-month market performance down to -95.13% lower. It has a 12-month low price of $1.93 and touched a high of $65.20 over the same period. CZOO has an average intraday trading volume of 143.26K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.93%, -27.30%, and -73.86% respectively.
Institutional ownership of Cazoo Group Ltd (NYSE: CZOO) shares accounts for 39.40% of the company’s 37.97M shares outstanding. Mutual fund holders own 21.94%, while other institutional holders and individual stakeholders account for 5.37% and — respectively.
It has a market capitalization of $76.11M. The earnings-per-share (ttm) stands at -$21.63. The company has a debt-to-equity ratio at 0.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 19.64% over the week and 13.83% over the month.
Analysts forecast that Cazoo Group Ltd (CZOO) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and -$4.92 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to decrease by -474.30%, and 52.40% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Cazoo Group Ltd (CZOO) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 5 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CZOO, a number of firms have released research notes about the stock. Berenberg stated their Buy rating for the stock in a research note on August 10, 2022, with the firm’s price target at $0.49-$2.33. Citigroup coverage for the Cazoo Group Ltd (CZOO) stock in a research note released on June 08, 2022 offered a Neutral rating with a price target of $1.50. UBS on their part issued Neutral rating on April 27, 2022.
