Zeta Global stock opens nearly 10% below its downsized IPO price [MarketWatch]
Zeta Global Holdings Corp. Class A (ZETA)
Company Research
Source: MarketWatch
Zeta Global Holdings Corp. stumbled out of the gate Thursday, as the stock opened 9.9% below its initial public offering price after a somewhat disappointing pricing. The cloud-based marketing technology company's downsized IPO priced overnight at $10 a share, at the bottom of the expected range of between $10 and $12 a share. The company sold 14.8 million shares in the IPO, down from an expected 15.6 million shares, while selling shareholders reduced their offering to 6.7 million shares from 7.1 million shares. The stock's first trade was at $9.01 at 11:40 a.m. Eastern for about 1.8 million shares, which valued the company at about $1.73 billion. The stock has extended losses since, to trade down 11.3% at $8.87. The downbeat opening for the shares comes on a relatively upbeat day for IPOs, as the Renaissance IPO ETF rose 0.7% while the S&P 500 gained 0.4%.
Show less
Read more
Impact Snapshot
Event Time:
ZETA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ZETA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ZETA alerts
High impacting Zeta Global Holdings Corp. Class A news events
Weekly update
A roundup of the hottest topics
ZETA
News
- Zeta to Announce First Quarter 2024 Results on May 6, 2024 [Yahoo! Finance]Yahoo! Finance
- Zeta to Announce First Quarter 2024 Results on May 6, 2024Business Wire
- Market Sentiment Around Loss-Making Zeta Global Holdings Corp. (NYSE:ZETA) [Yahoo! Finance]Yahoo! Finance
- Zeta (ZETA) Moves 13.3% Higher: Will This Strength Last? [Yahoo! Finance]Yahoo! Finance
- Zeta Global Holdings Corp. (NASDAQ: ZETA) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating. They now have a $17.00 price target on the stock, up previously from $12.00.MarketBeat
ZETA
Earnings
- 2/27/24 - Miss
ZETA
Sec Filings
- 4/19/24 - Form SC
- 4/12/24 - Form 144
- 4/12/24 - Form 144
- ZETA's page on the SEC website