In yesterday’s Wall Street session, Zeta Global Holdings Corp (NYSE:ZETA) shares traded at $27.90, down -7.00% from the previous session.
ZETA stock price is now 1.46% away from the 50-day moving average and 61.60% away from the 200-day moving average. The market capitalization of the company currently stands at $6.42B.
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With the price target maintained at $28, Barclays recently Downgraded its rating from Overweight to Equal Weight for Zeta Global Holdings Corp (NYSE: ZETA). On August 01, 2024, Morgan Stanley Downgraded its previous ‘Overweight’ rating to ‘Equal-Weight’ on the stock increasing its target price from $18 to quote $30, while ‘Truist’ rates the stock as ‘Buy’
In other news, Family Trust No. S4, Stockholder bought 294,142 shares of the company’s stock on Oct 14 ’24. The stock was bought for $9,456,665 at an average price of $32.15. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 11 ’24, Stockholder Southbeach Trust R6 bought 46,837 shares of the business’s stock. A total of $1,483,327 was incurred on buying the stock at an average price of $31.67. A total of 19.06% 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 $27.498 and a two-hundred day moving average price translates $17.26485 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.
