ZenaTech (NASDAQ:ZENA – Get Free Report) was upgraded by Zacks Research to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.
ZENA has been the subject of a number of other reports. Wall Street Zen cut shares of ZenaTech from a “sell” rating to a “strong sell” rating in a report on Saturday, April 11th. Litchfield Hills Research initiated coverage on shares of ZenaTech in a research report on Monday. They set a “buy” rating and a $4.00 price objective for the company. Weiss Ratings lowered shares of ZenaTech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. Finally, Maxim Group cut their price objective on shares of ZenaTech from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Monday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.50.
Get Our Latest Stock Analysis on ZenaTech
ZenaTech Stock Up 4.8%
ZenaTech (NASDAQ:ZENA – Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.20). The business had revenue of $6.04 million for the quarter, compared to the consensus estimate of $4.53 million. As a group, equities research analysts anticipate that ZenaTech will post -0.92 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. DNB Asset Management AS raised its position in ZenaTech by 35.5% in the fourth quarter. DNB Asset Management AS now owns 197,138 shares of the company’s stock worth $631,000 after purchasing an additional 51,668 shares in the last quarter. SEB Asset Management AB acquired a new position in ZenaTech in the first quarter worth about $345,000. 683 Capital Management LLC acquired a new position in ZenaTech in the fourth quarter worth about $410,000. Skandinaviska Enskilda Banken AB publ acquired a new position in ZenaTech in the third quarter worth about $604,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in ZenaTech in the fourth quarter worth about $387,000.
ZenaTech News Roundup
Here are the key news stories impacting ZenaTech this week:
- Positive Sentiment: ZenaTech was added to the Russell 3000 Index, a move that could boost institutional ownership and broaden investor awareness. ZenaTech Added to Russell 3000® Index, Marking Major Milestone in Company’s Growth and Market Recognition
- Positive Sentiment: Litchfield Hills Research initiated coverage with a Buy rating and $4.00 target price, implying significant upside versus the current share price. MarketBeat ZenaTech coverage
- Neutral Sentiment: Zacks Research upgraded ZenaTech to Hold, which is supportive but less bullish than the Buy rating from Litchfield Hills. Zacks.com
- Neutral Sentiment: New analyst estimates still point to losses through 2026 and 2027, suggesting the company remains in a pre-profitability phase despite revenue growth. MarketBeat ZenaTech coverage
- Negative Sentiment: Recent quarterly results showed a wider-than-expected loss of ($0.36) per share, which may temper enthusiasm even though revenue beat estimates. MarketBeat ZenaTech earnings
ZenaTech Company Profile
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.
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