ZovioInc . (NYSE:ZVO) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of ZovioInc . (NYSE:ZVO) from a hold rating to a sell rating in a report issued on Saturday 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. “

Separately, Barrington Research reaffirmed a buy rating and set a $10.00 price target on shares of ZovioInc . in a research note on Tuesday, April 28th.

Shares of ZovioInc . stock opened at $2.96 on Friday. The business’s 50 day simple moving average is $2.73 and its 200-day simple moving average is $1.96. ZovioInc . has a twelve month low of $1.08 and a twelve month high of $4.25.

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

A number of hedge funds and other institutional investors have recently modified their holdings of ZVO. RMB Capital Management LLC bought a new stake in shares of ZovioInc . during the 4th quarter worth $44,000. Bank of New York Mellon Corp boosted its stake in shares of ZovioInc . by 131.2% during the 1st quarter. Bank of New York Mellon Corp now owns 47,883 shares of the company’s stock worth $79,000 after acquiring an additional 27,176 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of ZovioInc . in the first quarter worth $213,000. 1060 Capital LLC boosted its position in shares of ZovioInc . by 267.8% in the fourth quarter. 1060 Capital LLC now owns 588,715 shares of the company’s stock worth $1,213,000 after buying an additional 428,640 shares during the period. Finally, Prescott Group Capital Management L.L.C. boosted its position in shares of ZovioInc . by 4.0% in 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 buying an additional 79,319 shares during the period.

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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