ZenaTech (NASDAQ:ZENA) Announces Quarterly Earnings Results, Misses Expectations By $0.59 EPS

ZenaTech (NASDAQ:ZENA) posted its quarterly earnings results on Wednesday. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.59), FiscalAI reports. The company had revenue of $3.86 million for the quarter, compared to analyst estimates of $4.19 million.

ZenaTech Stock Performance

ZENA traded down $0.03 during mid-day trading on Wednesday, reaching $2.02. 1,681,403 shares of the stock were exchanged, compared to its average volume of 1,548,129. The stock has a market capitalization of $45.34 million, a PE ratio of -5.17 and a beta of 12.32. The company has a 50 day moving average price of $2.32 and a two-hundred day moving average price of $3.29. ZenaTech has a 1 year low of $1.91 and a 1 year high of $7.11.

Institutional Trading of ZenaTech

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC increased its position in shares of ZenaTech by 208.5% during the fourth quarter. Barclays PLC now owns 11,163 shares of the company’s stock valued at $36,000 after acquiring an additional 7,544 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of ZenaTech during the third quarter valued at approximately $62,000. Advisory Services Network LLC purchased a new position in shares of ZenaTech in the 3rd quarter worth about $65,000. XTX Topco Ltd purchased a new position in shares of ZenaTech in the 2nd quarter worth about $53,000. Finally, Geode Capital Management LLC purchased a new position in shares of ZenaTech in the 2nd quarter worth about $64,000.

Analysts Set New Price Targets

ZENA has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of ZenaTech in a research report on Monday, April 20th. Wall Street Zen downgraded shares of ZenaTech from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.00.

About ZenaTech

ZenaTech, Inc, an enterprise software technology company, develops cloud-based software applications in Canada. It provides cryptocurrency wallets and cloud-based enterprise software solutions for the agriculture industry; cloud-based enterprise software solutions for the medical records industry; safety and compliance management software and mobile solutions; field management software and mobile solutions; integrated cloud-based enterprise software and hardware drone technology solutions for various industries; and browser-based enterprise software applications for public safety.