On July 30, Zeta Global Holdings Corp. declined 5.21% in regular trading, trading at $20.95/share, with turnover of $31.95 million. The decline came amid broad-based weakness across the application software sector, with major names including Adobe falling 7.79% and Salesforce dropping 6.13%.

The pullback follows a 5.06% gain in the prior session after the company announced the closing of a $1 billion credit facility comprising a $250 million term loan and a $750 million revolving credit facility. The new arrangement replaces the existing $550 million facility, reduces credit spreads, and supports share buybacks, M&A, and general corporate purposes. Despite the near-term retracement, the company heads into its August 4 earnings report with consensus expectations for revenue of approximately $421 million, representing 41.77% year-over-year growth, and analysts maintaining a mean price target of $28.31 with majority Buy ratings.

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