Zapata Computing (NASDAQ:ZPTA) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Zapata Computing (NASDAQ:ZPTA) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $1.75 price target on the stock. Cantor Fitzgerald also issued estimates for Zapata Computing’s FY2024 earnings at ($1.22) EPS.

Separately, Benchmark started coverage on shares of Zapata Computing in a research note on Thursday, July 11th. They issued a speculative buy rating and a $1.50 price target on the stock.

Zapata Computing Trading Down 4.0 %

Shares of ZPTA stock opened at $0.57 on Tuesday. Zapata Computing has a 1-year low of $0.36 and a 1-year high of $18.50. The company’s fifty day simple moving average is $0.59.

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

Institutional Trading of Zapata Computing

A hedge fund recently bought a new stake in Zapata Computing stock. Cowen AND Company LLC purchased a new position in shares of Zapata Computing Holdings Inc. (NASDAQ:ZPTA) in the 2nd quarter, according to the company in its most recent filing with the SEC. 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 as of its most recent filing with the SEC. 51.22% of the stock is owned by institutional investors.

About Zapata Computing

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.