Zeta Global (NYSE:ZETA) Sets New 1-Year High – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as $34.92 and last traded at $34.40, with a volume of 2,283,819 shares traded. The stock had previously closed at $33.51.

Wall Street Analysts Forecast Growth

Several research firms have commented on ZETA. Bank of America boosted their target price on Zeta Global from $29.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. New Street Research set a $38.00 price target on shares of Zeta Global in a research note on Friday, October 9th. Truist Financial raised their price target on shares of Zeta Global from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Finally, Canaccord Genuity Group lifted their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Friday, October 9th. Eleven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

Zeta Global Stock Performance

The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of -1,614.90, a P/E/G ratio of 4.77 and a beta of 1.39. The stock’s 50 day moving average price is $30.35 and its 200 day moving average price is $23.20. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.21.

Zeta Global (NYSE:ZETA) last released its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.17). Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%. The company had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. During the same quarter in the previous year, the company posted ($0.10) EPS. The business’s revenue was up 43.6% on a year-over-year basis. Analysts expect that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its holdings in Zeta Global by 4.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,262 shares of the company’s stock valued at $222,000 after purchasing an additional 469 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Zeta Global by 54.9% in the third quarter. Versant Capital Management Inc now owns 1,340 shares of the company’s stock valued at $42,000 after purchasing an additional 475 shares during the last quarter. Essential Partners LLC increased its holdings in shares of Zeta Global by 30.9% in the first quarter. Essential Partners LLC now owns 2,670 shares of the company’s stock valued at $43,000 after purchasing an additional 630 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Zeta Global by 2.3% in the fourth quarter. Hsbc Holdings PLC now owns 34,938 shares of the company’s stock valued at $724,000 after purchasing an additional 793 shares during the last quarter. Finally, Cornerstone Planning Group LLC raised its position in shares of Zeta Global by 66.7% in the first quarter. Cornerstone Planning Group LLC now owns 2,167 shares of the company’s stock valued at $34,000 after purchasing an additional 867 shares during the period. Institutional investors own 87.75% of the company’s stock.

Zeta Global Company Profile

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company’s offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.