In yesterday’s Wall Street session, Zeta Global Holdings Corp (NYSE:ZETA) shares traded at $24.32, up 2.53% from the previous session.
ZETA stock price is now 27.93% away from the 50-day moving average and 90.17% away from the 200-day moving average. The market capitalization of the company currently stands at $5.35B.
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With the price target enhanced from $18 to $30, Morgan Stanley Downgraded its rating from Overweight to Equal-Weight for Zeta Global Holdings Corp (NYSE: ZETA). On July 15, 2024, Truist recently initiated its ‘Buy’ rating on the stock quoting a target price of $23, while ‘RBC Capital Mkts’ rates the stock as ‘Outperform’
In other news, Family Trust No. C5 DTD 5/27/2, Stockholder bought 332,319 shares of the company’s stock on Aug 09 ’24. The stock was bought for $7,862,668 at an average price of $23.66. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 09 ’24, Stockholder DN 2023 Irrevocable Trust U/A bought 200,000 shares of the business’s stock. A total of $4,732,000 was incurred on buying the stock at an average price of $23.66. A total of 18.48% of the company’s stock is owned by insiders.
During the past 12 months, Zeta Global Holdings Corp has had a low of $7.24 and a high of $25.53. As of last week, the company has a debt-to-equity ratio of 0.85, a current ratio of 1.98, and a quick ratio of 1.98. The fifty day moving average price for ZETA is $19.01 and a two-hundred day moving average price translates $12.7884 for the stock.
The latest earnings results from Zeta Global Holdings Corp (NYSE: ZETA) was released for 2024-06-30. The net profit margin was -17.76% and return on equity was -82.39% for ZETA. The company reported revenue of $227.84 million for the quarter, compared to $171.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.61 percent.
