Zayo Group Holdings, Inc. (NYSE:ZAYO)‘s stock had its “buy” rating reissued by equities research analysts at Oppenheimer Holdings, Inc. in a note issued to investors on Wednesday. They currently have a $42.00 target price on the technology company’s stock. Oppenheimer Holdings, Inc.’s price objective points to a potential upside of 21.07% from the company’s previous close.

ZAYO has been the topic of a number of other reports. Zacks Investment Research lowered shares of Zayo Group Holdings from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating on shares of Zayo Group Holdings in a report on Tuesday, August 22nd. Cowen and Company reiterated a “buy” rating on shares of Zayo Group Holdings in a report on Friday, August 11th. Deutsche Bank AG began coverage on shares of Zayo Group Holdings in a report on Monday, August 28th. They set a “hold” rating on the stock. Finally, BidaskClub upgraded shares of Zayo Group Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Zayo Group Holdings presently has an average rating of “Hold” and an average target price of $38.36.

Shares of Zayo Group Holdings (ZAYO) traded up 0.03% during trading on Wednesday, reaching $34.70. 1,968,013 shares of the company traded hands. The firm’s 50 day moving average price is $33.59 and its 200-day moving average price is $32.70. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of 99.14 and a beta of 0.55. Zayo Group Holdings has a 52 week low of $28.15 and a 52 week high of $35.65.

Zayo Group Holdings (NYSE:ZAYO) last released its earnings results on Monday, August 21st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.02). The business had revenue of $638.00 million for the quarter, compared to analyst estimates of $642.67 million. Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. Zayo Group Holdings’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.13) earnings per share. Equities analysts anticipate that Zayo Group Holdings will post $0.59 EPS for the current fiscal year.

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In related news, CFO Kenneth Desgarennes sold 38,885 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $34.08, for a total value of $1,325,200.80. Following the transaction, the chief financial officer now directly owns 1,018,044 shares of the company’s stock, valued at approximately $34,694,939.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Daniel Caruso sold 295,078 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $33.89, for a total transaction of $10,000,193.42. Following the completion of the transaction, the chief executive officer now directly owns 4,284,854 shares in the company, valued at $145,213,702.06. The disclosure for this sale can be found here. Insiders sold a total of 882,516 shares of company stock worth $28,761,747 over the last ninety days. Insiders own 5.80% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of ZAYO. BlackRock Inc. grew its position in shares of Zayo Group Holdings by 5,686.4% in the 1st quarter. BlackRock Inc. now owns 9,393,691 shares of the technology company’s stock valued at $309,054,000 after buying an additional 9,231,349 shares during the last quarter. Carmignac Gestion purchased a new position in shares of Zayo Group Holdings in the 2nd quarter valued at $150,427,000. Neuberger Berman Group LLC grew its position in shares of Zayo Group Holdings by 43,789.5% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,707,985 shares of the technology company’s stock valued at $83,677,000 after buying an additional 2,701,815 shares during the last quarter. USS Investment Management Ltd purchased a new position in shares of Zayo Group Holdings in the 2nd quarter valued at $63,335,000. Finally, Vanguard Group Inc. grew its position in shares of Zayo Group Holdings by 12.7% in the 1st quarter. Vanguard Group Inc. now owns 12,658,989 shares of the technology company’s stock valued at $416,480,000 after buying an additional 1,428,585 shares during the last quarter. 78.93% of the stock is currently owned by hedge funds and other institutional investors.

About Zayo Group Holdings

Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.

Analyst Recommendations for Zayo Group Holdings (NYSE:ZAYO)

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