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

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

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

ZenaTech Stock Performance

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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ZENA. Geode Capital Management LLC bought a new position in ZenaTech during the second quarter valued at approximately $64,000. XTX Topco Ltd bought a new position in ZenaTech during the second quarter valued at approximately $53,000. Skandinaviska Enskilda Banken AB publ bought a new position in ZenaTech during the third quarter valued at approximately $604,000. DNB Asset Management AS grew its holdings in shares of ZenaTech by 194.9% in the third quarter. DNB Asset Management AS now owns 145,470 shares of the company’s stock worth $698,000 after purchasing an additional 96,141 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of ZenaTech in the third quarter worth approximately $62,000.

ZenaTech News Roundup

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.