Virtu Financial LLC Invests $40,000 in Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP)

Virtu Financial LLC bought a new stake in shares of Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 12,840 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 0.41% of Zapp Electric Vehicles Group at the end of the most recent quarter.

Zapp Electric Vehicles Group Stock Performance

Shares of ZAPP stock opened at $1.30 on Friday. The firm has a fifty day simple moving average of $1.98 and a 200-day simple moving average of $3.96. Zapp Electric Vehicles Group Limited has a twelve month low of $0.70 and a twelve month high of $19.10.

Analysts Set New Price Targets

Several research analysts have commented on the company. BNP Paribas raised Zapp Electric Vehicles Group to a “strong-buy” rating in a research report on Tuesday, October 8th. Maxim Group assumed coverage on Zapp Electric Vehicles Group in a report on Tuesday, October 8th. They set a “buy” rating and a $7.00 target price on the stock.

Zapp Electric Vehicles Group Profile

Zapp Electric Vehicles Limited operates an electric motorcycle company. Its i300 is the first in a suite of electric two-wheelers that the company plans to bring to market. It offers a direct-to-customer experience known as DSDTC (drop-ship-direct-to-customer). The company sells its product the i300, to customers online and delivered to the home, as well as provides at-home inspection, service, and support throughout the vehicle ownership lifecycle.