Zeta Global Holdings Corp (NYSE:ZETA) shares traded -5.52% lower at $31.30 on Wall Street last session.
ZETA stock price is now 17.73% away from the 50-day moving average and 88.49% away from the 200-day moving average. The market capitalization of the company currently stands at $7.21B.
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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, 2019 Landman Family Trust, Shareholder bought 100,000 shares of the company’s stock on Sep 23 ’24. The stock was bought for $2,870,000 at an average price of $28.70. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 17 ’24, Stockholder Family Trust No. C5 DTD 5/27/2 bought 858,754 shares of the business’s stock. A total of $23,564,210 was incurred on buying the stock at an average price of $27.44. A total of 17.56% of the company’s stock is owned by insiders.
During the past 12 months, Zeta Global Holdings Corp has had a low of $7.38 and a high of $34.14. 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 $26.586 and a two-hundred day moving average price translates $16.60605 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.
