ZenaTech (NASDAQ:ZENA) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of ZenaTech (NASDAQ:ZENA) to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

Several other brokerages have also recently issued reports on ZENA. Maxim Group reduced their price objective on ZenaTech from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Monday. Wall Street Zen cut ZenaTech from a “sell” rating to a “strong sell” rating in a research note on Saturday, April 11th. Weiss Ratings cut ZenaTech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. Finally, Litchfield Hills Research assumed coverage on ZenaTech in a research note on Monday. They issued a “buy” rating and a $4.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, ZenaTech has a consensus rating of “Hold” and an average price target of $4.50.

ZenaTech Trading Up 4.8%

ZENA opened at $1.53 on Tuesday. ZenaTech has a 52 week low of $1.15 and a 52 week high of $7.11. The business has a fifty day simple moving average of $1.87 and a 200-day simple moving average of $2.70. The firm has a market cap of $34.43 million, a P/E ratio of -1.08 and a beta of 7.07. The company has a quick ratio of 2.47, a current ratio of 2.64 and a debt-to-equity ratio of 0.84.

ZenaTech (NASDAQ:ZENA) last released its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.20). The firm had revenue of $6.04 million during the quarter, compared to analyst estimates of $4.53 million. On average, equities analysts expect that ZenaTech will post -0.92 earnings per share for the current year.

Institutional Trading of ZenaTech

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its stake in ZenaTech by 8,436.6% in the first quarter. Bank of America Corp DE now owns 14,000 shares of the company’s stock valued at $32,000 after buying an additional 13,836 shares in the last quarter. Cetera Investment Advisers acquired a new stake in ZenaTech in the first quarter valued at $36,000. SEB Asset Management AB acquired a new stake in ZenaTech in the first quarter valued at $345,000. Wealth Effects LLC raised its stake in ZenaTech by 31.3% in the first quarter. Wealth Effects LLC now owns 63,000 shares of the company’s stock valued at $144,000 after buying an additional 15,000 shares in the last quarter. Finally, 683 Capital Management LLC acquired a new stake in ZenaTech in the fourth quarter valued at $410,000.

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.