Cazoo Group Ltd (NYSE:CZOO) Receives $1.94 Average PT from Analysts

Cazoo Group Ltd (NYSE:CZOOGet Rating) has earned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $1.94.

CZOO has been the subject of a number of research reports. UBS Group reduced their price target on shares of Cazoo Group from $1.00 to $0.35 and set a “neutral” rating for the company in a report on Tuesday, November 15th. Berenberg Bank upgraded shares of Cazoo Group from a “sell” rating to a “buy” rating and raised their price target for the stock from $0.49 to $2.33 in a report on Wednesday, August 10th.

Cazoo Group Stock Down 7.4 %

NYSE:CZOO opened at $0.25 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.81 and a current ratio of 3.49. The firm has a fifty day simple moving average of $0.39 and a two-hundred day simple moving average of $0.72. Cazoo Group has a 12 month low of $0.25 and a 12 month high of $8.87.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. FMR LLC grew its holdings in shares of Cazoo Group by 11.9% during the second quarter. FMR LLC now owns 30,561,692 shares of the company’s stock valued at $22,004,000 after buying an additional 3,251,677 shares during the last quarter. Marcho Partners LLP grew its holdings in shares of Cazoo Group by 2.5% during the first quarter. Marcho Partners LLP now owns 21,290,366 shares of the company’s stock valued at $58,761,000 after buying an additional 525,000 shares during the last quarter. Builders Union LLP acquired a new position in shares of Cazoo Group during the third quarter valued at about $4,519,000. Pelham Capital Ltd. grew its holdings in shares of Cazoo Group by 30.8% during the first quarter. Pelham Capital Ltd. now owns 7,849,724 shares of the company’s stock valued at $21,665,000 after buying an additional 1,849,724 shares during the last quarter. Finally, TFG Asset Management GP Ltd grew its holdings in shares of Cazoo Group by 39.7% during the third quarter. TFG Asset Management GP Ltd now owns 7,735,220 shares of the company’s stock valued at $3,558,000 after buying an additional 2,200,000 shares during the last quarter. 69.52% of the stock is currently owned by institutional investors and hedge funds.

About Cazoo Group

(Get Rating)

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

Further Reading

Analyst Recommendations for Cazoo Group (NYSE:CZOO)

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