ZenaTech (NASDAQ:ZENA) Upgraded by Zacks Research to “Hold” Rating

ZenaTech (NASDAQ:ZENA) was upgraded by analysts at Zacks Research to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also weighed in on ZENA. Wall Street Zen lowered ZenaTech from a “sell” rating to a “strong sell” rating in a research report on Saturday, April 11th. Litchfield Hills Research assumed coverage on ZenaTech in a research report on Monday. They issued a “buy” rating and a $4.00 target price for the company. Maxim Group decreased their target price on ZenaTech from $7.00 to $5.00 and set a “buy” rating for the company in a research report on Monday. Finally, Weiss Ratings lowered ZenaTech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ZenaTech currently has an average rating of “Hold” and a consensus target price of $4.50.

ZenaTech Stock Performance

Shares of ZenaTech stock opened at $1.53 on Tuesday. The stock has a market cap of $34.43 million, a price-to-earnings ratio of -1.08 and a beta of 7.07. The firm’s 50-day moving average is $1.87 and its 200 day moving average is $2.70. ZenaTech has a 1 year low of $1.15 and a 1 year high of $7.11. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.64 and a quick ratio of 2.47.

ZenaTech (NASDAQ:ZENA) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.20). The company had revenue of $6.04 million for the quarter, compared to the consensus estimate of $4.53 million. Sell-side analysts anticipate that ZenaTech will post -0.92 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. DNB Asset Management AS boosted its stake in ZenaTech by 35.5% in the 4th quarter. DNB Asset Management AS now owns 197,138 shares of the company’s stock worth $631,000 after purchasing an additional 51,668 shares during the period. SEB Asset Management AB bought a new position in ZenaTech in the 1st quarter worth approximately $345,000. 683 Capital Management LLC bought a new position in ZenaTech in the 4th quarter worth approximately $410,000. Skandinaviska Enskilda Banken AB publ bought a new position in ZenaTech in the 3rd quarter worth approximately $604,000. Finally, OMERS ADMINISTRATION Corp bought a new position in ZenaTech in the 4th quarter worth approximately $387,000.

More ZenaTech News

Here are the key news stories impacting ZenaTech this week:

• Positive Sentiment: Litchfield Hills Research initiated coverage on ZenaTech with a Buy rating and a $4.00 price target, suggesting meaningful upside from current levels. The firm’s model forecasts continued losses in the coming quarters, but its long-term target implies confidence in ZenaTech’s growth story. ZenaTech analyst coverage and estimates
• Positive Sentiment: ZenaTech announced it has been added to the Russell 3000 Index, effective June 29, 2026. Index inclusion can boost visibility, improve credibility with investors, and potentially increase demand from index funds and ETFs. ZenaTech added to Russell 3000 Index
• Neutral Sentiment: The new analyst estimates still point to losses through FY2027, with earnings expected to remain negative in the range of roughly $(0.92) to $(0.66) per share. That suggests investors may need to see stronger operating progress before the stock can sustain a bigger re-rating. ZenaTech earnings estimates

ZenaTech Company Profile

ZenaTech, Inc, an enterprise software technology company, develops cloud-based software applications in Canada. It provides cryptocurrency wallets and cloud-based enterprise software solutions for the agriculture industry; cloud-based enterprise software solutions for the medical records industry; safety and compliance management software and mobile solutions; field management software and mobile solutions; integrated cloud-based enterprise software and hardware drone technology solutions for various industries; and browser-based enterprise software applications for public safety.