Zacks: ZovioInc . (NYSE:ZVO) Given $10.00 Consensus Price Target by Analysts

Shares of ZovioInc . (NYSE:ZVO) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating. ZovioInc .’s rating score has improved by 50% in the last 90 days as a result of various analysts’ ratings changes.

Analysts have set a twelve-month consensus price target of $10.00 for the company and are anticipating that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also given ZovioInc . an industry rank of 175 out of 256 based on the ratings given to its competitors.

A number of brokerages recently issued reports on ZVO. Zacks Investment Research raised shares of ZovioInc . from a “sell” rating to a “hold” rating in a research report on Sunday, July 14th. TheStreet cut shares of ZovioInc . from a “c-” rating to a “d” rating in a research report on Thursday, May 23rd. Finally, Barrington Research reissued a “buy” rating and set a $10.00 price target on shares of ZovioInc . in a research report on Thursday, June 13th.

A number of institutional investors have recently modified their holdings of ZVO. Menta Capital LLC purchased a new position in ZovioInc . in the second quarter worth about $50,000. Wells Fargo & Company MN purchased a new position in ZovioInc . in the second quarter worth about $116,000. First Trust Advisors LP purchased a new position in ZovioInc . in the second quarter worth about $196,000. GSA Capital Partners LLP purchased a new position in ZovioInc . in the second quarter worth about $236,000. Finally, JPMorgan Chase & Co. purchased a new position in ZovioInc . in the second quarter worth about $392,000.

NYSE ZVO traded down $1.29 during trading hours on Thursday, reaching $2.74. 18,184 shares of the company’s stock traded hands, compared to its average volume of 185,253. ZovioInc . has a 52-week low of $3.19 and a 52-week high of $13.63. The business’s 50-day simple moving average is $3.74.

ZovioInc . (NYSE:ZVO) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.05. The business had revenue of $107.50 million for the quarter, compared to analysts’ expectations of $109.00 million. ZovioInc .’s quarterly revenue was down 9.7% on a year-over-year basis.

ZovioInc . Company Profile

Zovio Inc operates as an education technology services company in the United States. The company provides data management and software to curriculum and financial aid, including enrollment, retention, academic, and tuition for higher education institutions; upskilling courses, degree programs, and certifications for employers; and programs, such as work at your own pace, certificates, micro-badge programs, and college degree programs for learners.

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