Andrew S. Clark Buys 150,000 Shares of ZovioInc . (NYSE:ZVO) Stock

ZovioInc . (NYSE:ZVO) CEO Andrew S. Clark purchased 150,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average cost of $2.40 per share, with a total value of $360,000.00.

Shares of NYSE ZVO opened at $2.29 on Friday. The firm has a fifty day moving average of $1.88. ZovioInc . has a fifty-two week low of $1.33 and a fifty-two week high of $10.55.

ZovioInc . (NYSE:ZVO) last announced its quarterly earnings data on Wednesday, October 30th. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.10. The company had revenue of $104.25 million during the quarter, compared to analyst estimates of $108.00 million.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp acquired a new position in ZovioInc . in the 2nd quarter valued at $235,000. Bank of New York Mellon Corp acquired a new position in ZovioInc . in the 2nd quarter valued at $194,000. Prescott Group Capital Management L.L.C. acquired a new position in shares of ZovioInc . during the 2nd quarter worth $3,677,000. Wells Fargo & Company MN acquired a new position in shares of ZovioInc . during the 2nd quarter worth $116,000. Finally, Invesco Ltd. acquired a new position in shares of ZovioInc . during the 2nd quarter worth $323,000.

Several analysts recently weighed in on ZVO shares. Zacks Investment Research raised ZovioInc . from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 17th. Barrington Research set a $10.00 price objective on ZovioInc . and gave the company a “buy” rating in a report on Tuesday, October 15th.

ZovioInc . Company Profile

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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