According to Zacks, “Enjoy Technology Inc. is a technology-powered platform reinventing Commerce at Home to store directly to the customer. Enjoy Technology Inc., formerly known as Marquee Raine Acquisition Corp., is headquarted in PALO ALTO, Calif. “
A number of other analysts also recently weighed in on ENJY. BTIG Research dropped their target price on Enjoy Technology from $10.00 to $7.50 in a research report on Tuesday, January 18th. Telsey Advisory Group reduced their target price on Enjoy Technology from $11.00 to $7.00 and set an outperform rating on the stock in a research note on Monday, March 21st. Finally, The Goldman Sachs Group initiated coverage on Enjoy Technology in a research report on Friday, January 7th. They set a neutral rating and a $6.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $7.42.
NASDAQ:ENJY opened at $3.68 on Thursday. The stock has a 50 day moving average price of $3.29. The company has a market cap of $440.21 million and a P/E ratio of -2.71. Enjoy Technology has a 1-year low of $2.69 and a 1-year high of $12.16.
Enjoy Technology (NASDAQ:ENJY – Get Rating) last released its earnings results on Wednesday, March 23rd. The company reported ($0.68) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.41) by ($0.27). As a group, sell-side analysts forecast that Enjoy Technology will post -1.25 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Wolverine Asset Management LLC purchased a new stake in Enjoy Technology in the fourth quarter worth about $34,000. Bank of America Corp DE purchased a new stake in Enjoy Technology in the fourth quarter worth about $38,000. Penserra Capital Management LLC purchased a new stake in Enjoy Technology in the fourth quarter worth about $46,000. State Street Corp purchased a new stake in shares of Enjoy Technology during the fourth quarter worth about $69,000. Finally, Mirabella Financial Services LLP purchased a new stake in shares of Enjoy Technology during the fourth quarter worth about $82,000. Institutional investors and hedge funds own 73.93% of the company’s stock.
Enjoy Technology Company Profile (Get Rating)
Enjoy Technology, Inc operates mobile retail stores in the United States, the United Kingdom, and Canada. The company was founded in 2015 and is headquartered in Palo Alto, California.
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