Barrington Thinks Zovio Inc’s Stock is Going to Recover


Barrington analyst Alexander Paris reiterated a Buy rating on Zovio Inc (ZVO) today and set a price target of $10. The company’s shares opened today at $4.72, close to its 52-week low of $4.58.

According to TipRanks.com, Paris is a 4-star analyst with an average return of 7.6% and a 50.2% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Zovio Inc with a $9.25 average price target.

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Based on Zovio Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $6.64 million. In comparison, last year the company had a net profit of $2.3 million.

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Zovio, Inc. provides postsecondary education services. Through Ashford University and University of the RockiesSM, it offers online programs such as contemporary college experience. Its services also include mobile and other learning platform for students.

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