Benchmark Reiterates “Speculative Buy” Rating for Zapata Computing (NASDAQ:ZPTA)

Posted by Tyrone Williams on Aug 13th, 2024

Zapata Computing (NASDAQ:ZPTA – Get Free Report)‘s stock had its “speculative buy” rating reiterated by stock analysts at Benchmark in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $1.50 price target on the stock. Benchmark’s price objective points to a potential upside of 134.89% from the stock’s previous close.

Separately, Cantor Fitzgerald initiated coverage on Zapata Computing in a report on Tuesday. They set an “overweight” rating and a $1.75 price target for the company.

Read Our Latest Report on ZPTA

Zapata Computing Stock Up 24.6 %

NASDAQ:ZPTA traded up $0.13 on Tuesday, reaching $0.64. The company’s stock had a trading volume of 16,595,064 shares, compared to its average volume of 996,096. The company has a 50 day moving average of $0.61. Zapata Computing has a 12-month low of $0.36 and a 12-month high of $18.50.

Zapata Computing (NASDAQ:ZPTA – Get Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($4.09) earnings per share for the quarter. The business had revenue of $1.22 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Zapata Computing stock. Cowen AND Company LLC purchased a new stake in shares of Zapata Computing Holdings Inc. (NASDAQ:ZPTA – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,000 shares of the company’s stock, valued at approximately $30,000. Cowen AND Company LLC owned approximately 0.16% of Zapata Computing at the end of the most recent quarter. 51.22% of the stock is currently owned by institutional investors.

About Zapata Computing

(Get Free Report)

Zapata Computing Holdings Inc operates as an industrial generative artificial intelligence (AI) software company in the United States. The company offers subscription-based solutions that combine software and services to develop generative AI applications, as well as accompanying services to solve complex industrial problems.