Brokers Set Cazoo Group Ltd (NYSE:CZOO) PT at $2.40

Cazoo Group Ltd (NYSE: CZOO – Get Rating) received an average recommendation of “Hold” from the six brokerages that cover the business, Marketbeat reports. One analyst rated the stock with a sell rating and five gave the company a hold rating. The 12-month average price target among brokers who have reported on the stock over the past year is $2.40.

A number of stock analysts have recently released reports on the company. UBS Group began covering Cazoo Group in a report on Wednesday, April 27. They set a “neutral” rating and a price target of $2.60 for the company. JPMorgan Chase & Co. began covering the Cazoo Group in a report on Monday May 2. They set a “neutral” rating on the stock. Bank of America moved shares of Cazoo Group from a “buy” rating to a “neutral” rating and lowered its target price for the stock from $6.60 to $3.50 in a Thursday 14 report. april. Citigroup downgraded Cazoo Group shares from a “buy” rating to a “neutral” rating and set a price target of $1.50 on the stock. in a research note from Wednesday, June 8. Finally, Berenberg Bank began covering the Cazoo Group in a report on Wednesday. They set a “sell” rating for the company.

Cazoo Group Price Performance

NYSE CZOO opened at $0.50 on Wednesday. Cazoo Group has a 52 week low of $0.49 and a 52 week high of $10.13. The company has a quick ratio of 0.97, a current ratio of 2.28 and a leverage ratio of 0.20. The company has a fifty-day moving average of $1.01 and a two-hundred-day moving average of $2.46.

Institutional investors weigh in on Cazoo Group

A number of institutional investors have recently shifted their CZOO holdings. Oribel Capital Management LP increased its position in Cazoo Group by 37.3% during the fourth quarter. Oribel Capital Management LP now owns 22,909 shares of the company worth $138,000 after acquiring an additional 6,224 shares during the period. Exos Asset Management LLC increased its holdings of Cazoo Group shares by 35.7% during the first quarter. Exos Asset Management LLC now owns 28,377 shares of the company worth $78,000 after purchasing an additional 7,461 shares in the last quarter. Eidelman Virant Capital bought a new position in shares of Cazoo Group in the fourth quarter for a value of approximately $84,000. Royal Bank of Canada increased its stake in Cazoo Group by 2,930.8% during the 1st quarter. Royal Bank of Canada now owns 18,094 shares of the company valued at $50,000 after acquiring an additional 17,497 shares last quarter. Finally, Capital World Investors increased its stake in Cazoo Group by 0.3% in the 1st quarter. Capital World Investors now owns 6,489,802 shares of the company valued at $17,912,000 after acquiring 17,883 additional shares in the last quarter. 44.27% of the shares are currently held by institutional investors and hedge funds.

About Cazoo Group

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Cazoo Group Ltd operates as an online car retailer in the UK and the rest of Europe. It allows consumers to buy, finance and subscribe to a car online for delivery or collection. The company was founded in 2018 and is based in London, UK. Cazoo Group Ltd is a subsidiary of Cazoo Holdings Limited.

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