Stifel Nicolaus Cuts Enjoy Technology (NASDAQ:ENJY) Price Target to $0.50

Enjoy Technology (NASDAQ:ENJY – Get Rating) had its price objective reduced by Stifel Nicolaus from $6.00 to $0.50 in a report issued on Tuesday, The Fly reports.

ENJY has been the topic of a number of other reports. BTIG Research downgraded shares of Enjoy Technology from a buy rating to a neutral rating in a report on Thursday, April 14th. Telsey Advisory Group downgraded shares of Enjoy Technology to an underperform rating in a report on Tuesday. Loop Capital cut their price objective on shares of Enjoy Technology from $8.00 to $4.00 in a report on Friday, March 25th. Finally, Zacks Investment Research raised shares of Enjoy Technology from a sell rating to a hold rating in a report on Thursday, March 24th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $5.50.

NASDAQ ENJY opened at $0.35 on Tuesday. The company has a fifty day simple moving average of $2.61 and a 200 day simple moving average of $3.93. Enjoy Technology has a 12-month low of $0.31 and a 12-month high of $12.16. The company has a market cap of $42.49 million, a P/E ratio of -0.15 and a beta of 3.19.

Enjoy Technology (NASDAQ:ENJY – Get Rating) last posted its quarterly earnings results on Wednesday, March 23rd. The company reported ($0.68) earnings per share (EPS) for the quarter. The company had revenue of $22.20 million for the quarter, compared to analyst estimates of $25.60 million. As a group, sell-side analysts anticipate that Enjoy Technology will post -1.25 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. Wolverine Asset Management LLC purchased a new position in shares of Enjoy Technology in the 4th quarter worth about $34,000. Bank of America Corp DE bought a new stake in Enjoy Technology in the 4th quarter valued at about $38,000. Penserra Capital Management LLC bought a new stake in Enjoy Technology in the 4th quarter valued at about $46,000. Sciencast Management LP bought a new stake in Enjoy Technology in the 1st quarter valued at about $56,000. Finally, State Street Corp bought a new stake in Enjoy Technology in the 4th quarter valued at about $69,000. 41.19% of the stock is currently owned by institutional investors.

Enjoy Technology Company Profile (Get Rating)

Enjoy Technology, Inc operates mobile retail stores in the United States, Canada, and the United Kingdom. It assists consumer in evaluating and selecting a range of accessories, media subscriptions, device protection, broadband, and other services. The company was founded in 2015 and is headquartered in Palo Alto, California.

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