Ermenegildo Zegna (NYSE:ZGN - Get Free Report) shares saw an uptick in trading volume on Friday . 990,266 shares were traded during trading, an increase of 224% from the previous session's volume of 305,265 shares.The stock last traded at $8.06 and had previously closed at $8.00.
Analyst Ratings Changes
ZGN has been the subject of several research reports. Bank of America downgraded Ermenegildo Zegna from a "buy" rating to a "neutral" rating and dropped their target price for the company from $13.00 to $9.80 in a research report on Monday, September 23rd. BNP Paribas upgraded shares of Ermenegildo Zegna to a "hold" rating in a report on Monday, December 2nd. Finally, Morgan Stanley assumed coverage on Ermenegildo Zegna in a research note on Friday, November 22nd. They issued an "underweight" rating and a $7.20 price objective on the stock.
Read Our Latest Stock Analysis on Ermenegildo Zegna
Ermenegildo Zegna Stock Performance
The company's fifty day moving average is $8.03 and its two-hundred day moving average is $9.44. The company has a quick ratio of 0.79, a current ratio of 1.41 and a debt-to-equity ratio of 0.24.
Hedge Funds Weigh In On Ermenegildo Zegna
Several large investors have recently bought and sold shares of the business. nVerses Capital LLC increased its stake in Ermenegildo Zegna by 525.0% in the second quarter. nVerses Capital LLC now owns 2,500 shares of the company's stock valued at $30,000 after purchasing an additional 2,100 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Ermenegildo Zegna in the third quarter valued at $149,000. XTX Topco Ltd acquired a new position in Ermenegildo Zegna in the third quarter valued at $215,000. Jane Street Group LLC acquired a new stake in shares of Ermenegildo Zegna in the third quarter valued at approximately $222,000. Finally, SG Americas Securities LLC acquired a new position in shares of Ermenegildo Zegna in the 3rd quarter valued at $330,000. Hedge funds and other institutional investors own 12.91% of the company's stock.
Ermenegildo Zegna Company Profile
(
Get Free Report)
Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.
Further Reading
Before you consider Ermenegildo Zegna, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ermenegildo Zegna wasn't on the list.
While Ermenegildo Zegna currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
