Barrington Sticks to Its Buy Rating for Zovio Inc (ZVO)

Barrington analyst Alexander Paris reiterated a Buy rating on Zovio Inc (ZVOResearch Report) today and set a price target of $10. The company’s shares closed last Monday at $2.40, close to its 52-week low of $1.97.

Paris wrote:

“We are reiterating our OUTPERFORM rating and our $10 price target. Company Description Zovio (Nasdaq: ZVO) is an education technology services company that partners with higher education institutions and employers to deliver innovative, personalized solutions to help learners and leaders achieve their aspirations. Zovio leverages its core strengths and applies its technology and capabilities to priority market needs. Using advanced data and analytics, Zovio identifies the most meaningful ways to enhance the learner experience and deliver strong outcomes for higher education institutions, employers, and learners. Zovio’s purpose is to help everyone be in a class of their own.”

According to TipRanks.com, Paris is a 1-star analyst with an average return of -0.5% and a 41.7% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.

Zovio Inc has an analyst consensus of Moderate Buy, with a price target consensus of $10.

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Based on Zovio Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $17.6 million. In comparison, last year the company had a net profit of $17.23 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.