Deutsche Bank AG began coverage on shares of Zayo Group Holdings, Inc. (NYSE:ZAYO) in a report released on Monday. The brokerage issued a hold rating on the technology company’s stock.

ZAYO has been the topic of several other reports. Cowen and Company restated an outperform rating and set a $45.00 target price on shares of Zayo Group Holdings in a report on Wednesday, August 23rd. Raymond James Financial, Inc. restated a market perform rating on shares of Zayo Group Holdings in a report on Wednesday, May 10th. BidaskClub upgraded Zayo Group Holdings from a strong sell rating to a sell rating in a report on Wednesday, July 19th. J P Morgan Chase & Co lowered Zayo Group Holdings from an overweight rating to a neutral rating and raised their target price for the company from $35.00 to $36.00 in a report on Wednesday, May 10th. Finally, Pacific Crest restated an equal weight rating on shares of Zayo Group Holdings in a report on Friday, June 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. Zayo Group Holdings presently has a consensus rating of Hold and a consensus target price of $38.36.

Zayo Group Holdings (NYSE:ZAYO) opened at 34.22 on Monday. Zayo Group Holdings has a 1-year low of $27.74 and a 1-year high of $35.65. The company has a 50-day moving average price of $32.49 and a 200 day moving average price of $32.42. The firm has a market capitalization of $8.43 billion, a P/E ratio of 97.77 and a beta of 0.56.

Zayo Group Holdings (NYSE:ZAYO) last announced its quarterly earnings data on Monday, August 21st. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Zayo Group Holdings had a return on equity of 7.48% and a net margin of 3.90%. The firm had revenue of $638 million for the quarter, compared to analysts’ expectations of $642.67 million. During the same quarter in the prior year, the business posted ($0.13) earnings per share. Zayo Group Holdings’s revenue was up 25.8% on a year-over-year basis. Analysts expect that Zayo Group Holdings will post $0.59 earnings per share for the current fiscal year.

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In other news, CFO Kenneth Desgarennes sold 38,885 shares of Zayo Group Holdings stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $34.08, for a total value of $1,325,200.80. Following the transaction, the chief financial officer now directly owns 1,018,044 shares in the company, valued at $34,694,939.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John F. Jr. Waters sold 9,220 shares of Zayo Group Holdings stock in a transaction dated Thursday, July 6th. The stock was sold at an average price of $30.18, for a total value of $278,259.60. Following the completion of the transaction, the insider now owns 41,586 shares in the company, valued at $1,255,065.48. The disclosure for this sale can be found here. Insiders sold 637,306 shares of company stock worth $20,358,826 over the last quarter. 5.80% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. Shell Asset Management Co. raised its position in Zayo Group Holdings by 0.7% in the second quarter. Shell Asset Management Co. now owns 15,459 shares of the technology company’s stock worth $478,000 after buying an additional 111 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its stake in Zayo Group Holdings by 1.7% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 7,434 shares of the technology company’s stock worth $230,000 after buying an additional 122 shares during the period. Comerica Bank increased its stake in Zayo Group Holdings by 3.7% in the first quarter. Comerica Bank now owns 6,702 shares of the technology company’s stock worth $233,000 after buying an additional 238 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Zayo Group Holdings by 1.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 23,957 shares of the technology company’s stock worth $740,000 after buying an additional 291 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. increased its stake in Zayo Group Holdings by 1.7% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,130 shares of the technology company’s stock worth $596,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 78.93% of the company’s stock.

Zayo Group Holdings Company Profile

Zayo Group Holdings, Inc provides communications infrastructure services, including fiber and bandwidth connectivity, colocation and cloud infrastructure to a range of businesses. The Company operates in five segments: Dark Fiber Solutions, Network Connectivity, Colocation and Cloud Infrastructure, Zayo Canada and Other.

Analyst Recommendations for Zayo Group Holdings (NYSE:ZAYO)

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