ZovioInc . (NYSE:ZVO) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of ZovioInc . (NYSE:ZVO) from a hold rating to a sell rating in a research report report published on Saturday, 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. “

Separately, Barrington Research reiterated a buy rating and issued a $10.00 price target on shares of ZovioInc . in a research report on Tuesday, April 28th.

Shares of ZVO stock opened at $2.96 on Friday. ZovioInc . has a 12 month low of $1.08 and a 12 month high of $4.25. The company has a 50 day simple moving average of $2.71 and a two-hundred day simple moving average of $1.96.

ZovioInc . (NYSE:ZVO) last announced its earnings results on Wednesday, April 29th. The company reported ($0.10) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.01. The business had revenue of $97.87 million for the quarter, compared to analysts’ expectations of $96.50 million.

Several institutional investors and hedge funds have recently bought and sold shares of ZVO. Heartland Advisors Inc. boosted its position in shares of ZovioInc . by 14.2% during the fourth quarter. Heartland Advisors Inc. now owns 2,277,450 shares of the company’s stock worth $4,692,000 after acquiring an additional 283,500 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its position in shares of ZovioInc . by 4.0% during the first quarter. Prescott Group Capital Management L.L.C. now owns 2,054,337 shares of the company’s stock worth $3,390,000 after acquiring an additional 79,319 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of ZovioInc . by 7.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,869,258 shares of the company’s stock worth $3,851,000 after acquiring an additional 122,158 shares during the last quarter. 1060 Capital LLC boosted its position in shares of ZovioInc . by 267.8% during the fourth quarter. 1060 Capital LLC now owns 588,715 shares of the company’s stock worth $1,213,000 after acquiring an additional 428,640 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of ZovioInc . during the first quarter worth $213,000.

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.

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