ZovioInc . (NYSE:ZVO) Rating Increased to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of ZovioInc . (NYSE:ZVO) from a strong sell rating to a hold rating in a research report report published on Tuesday morning, Zacks.com reports.

According to Zacks, “Zovio Inc. is an education technology services company which partners with higher education institutions and employers to deliver innovative, personalized solutions to help learners and leaders achieve their aspirations. Zovio Inc., formerly known as Bridgepoint Education Inc., is based in San Diego, United States. “

A number of other research firms also recently weighed in on ZVO. Barrington Research restated a buy rating and issued a $10.00 price target on shares of ZovioInc . in a research note on Thursday, June 13th. TheStreet downgraded ZovioInc . from a c- rating to a d rating in a research note on Thursday, May 23rd.

NYSE:ZVO opened at $2.15 on Tuesday. The company has a 50 day moving average of $2.73. ZovioInc . has a 12-month low of $1.97 and a 12-month high of $10.61.

ZovioInc . (NYSE:ZVO) last released its earnings results on Wednesday, August 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.05. The company had revenue of $107.50 million during the quarter, compared to analyst estimates of $109.00 million. ZovioInc .’s quarterly revenue was down 9.7% compared to the same quarter last year.

Several institutional investors have recently bought and sold shares of the stock. Schroder Investment Management Group purchased a new stake in ZovioInc . during the second quarter worth $10,259,000. Renaissance Technologies LLC purchased a new stake in ZovioInc . during the second quarter worth $6,118,000. Heartland Advisors Inc. purchased a new stake in ZovioInc . during the second quarter worth $5,858,000. Cloverdale Capital Management LLC purchased a new stake in ZovioInc . during the second quarter worth $5,723,000. Finally, Vanguard Group Inc. purchased a new stake in ZovioInc . during the second quarter worth $4,693,000.

About ZovioInc .

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.

See Also: Straddles

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