13 May, 2017
Zayo Group Holdings has an average rating of "Buy" and an average target price of $36.92. The average volume of a stock suggests the liquidity of a particular company.
Sell-side analysts also have something to say about this company. This company shares are 15.29% off its target price of $37.71 and the current market capitalization stands at $8.1B. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, ZAYO earned gross profit of 779.02 Million, in 2015 933.6 Million gross profit, while in 2016 Zayo Group Holdings, Inc. Barclays Capital maintained the shares of ZAYO in report on Monday, September 21 with "Overweight" rating. The stock was sold at an average price of $32.00, for a total transaction of $800,000.00.
Shares of Zayo Group Holdings (NYSE:ZAYO) traded down 0.540% on Friday, reaching $32.205.
In Technology sector, shares of Flex Ltd. (FLEX) were valued at $16.26 and moved 5.38% as of a recent closing trade. The average true range of the stock is observed at 0.84 and the relative strength index of the stock is recorded at 41.09. The company rocked its 52-Week High of $35.65 and touched its 52-Week Low of $26.1. The firm's 50-day moving average price is $33.72 and its 200 day moving average price is $32.76.
Zayo Group Holdings (NYSE:ZAYO) last announced its quarterly earnings results on Tuesday, May 9th. The technology company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.03. The company had revenue of $550.20 million for the quarter, compared to analyst estimates of $545.63 million. Tudor Investment Et Al invested 0.05% in Zayo Group Holdings Inc (NYSE:ZAYO). Ubs Asset Management Americas invested 0.01% in Zayo Group Holdings Inc (NYSE:ZAYO). Zayo Group Holdings Inc (NYSE:ZAYO) has risen 7.25% since October 4, 2016 and is uptrending.
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In other Zayo Group Holdings news, CFO Kenneth Desgarennes sold 4,681 shares of the business's stock in a transaction that occurred on Monday, April 3rd.
In the transaction dated April 25, 2017, the great number of shares disposed came courtesy the Director; Connor Richard W. disposed a total of 5,000 shares at an average price of $35, amounting to approximately $175,000. Comerica Bank now owns 6,702 shares of the technology company's stock valued at $233,000 after buying an additional 238 shares during the last quarter. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
On Wednesday, March 1st, Linda Rottenberg sold 537 shares of Zayo Group Holdings stock. Following the transaction, the chief operating officer now owns 424,967 shares of the company's stock, valued at $13,598,944. The disclosure for this sale can be found here. The insider Caruso Daniel sold $5.62 million.
Several large investors have recently modified their holdings of the company. Currently Zayo Group Holdings, Inc. BlackRock Institutional Trust Company N.A. now owns 2,844,755 shares of the technology company's stock worth $84,518,000 after buying an additional 801,542 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Zayo Group Holdings by 7.9% in the third quarter. PNC Financial Services Group Inc. now owns 12,314 shares of the technology company's stock worth $404,000 after buying an additional 1,204 shares during the last quarter.
12/13/2016 - SunTrust began new coverage on Zayo Group Holdings, Inc. giving the company a "buy" rating. Canada Pension Plan Investment Board now owns 2,735,209 shares of the technology company's stock worth $89,988,000 after buying an additional 2,699,000 shares in the last quarter. Finally, Flinton Capital Management LLC purchased a new position in shares of Zayo Group Holdings during the fourth quarter valued at approximately $181,000. The stock remained 2.82% volatile for the week and 3.64% for the month.
FBR & Co. had a markedly different take on 10/02/2017, proposing that Zayo Group Holdings, Inc.is now considered Underperform versus prior Mkt Perform rating.
