Zeta Global (NASDAQ:ZETA) Reaches New 12-Month High at $28.62

Zeta Global Holdings Corp. (NASDAQ:ZETA) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $28.62 and last traded at $28.62, with a volume of 21599 shares trading hands. The stock had previously closed at $27.58.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Oppenheimer lifted their target price on Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. B. Riley reissued a “buy” rating and issued a $30.00 target price (up previously from $24.00) on shares of Zeta Global in a research report on Thursday, August 1st. DA Davidson restated a “buy” rating and set a $30.00 target price on shares of Zeta Global in a research note on Tuesday, September 10th. Canaccord Genuity Group lifted their price target on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Needham & Company LLC increased their price objective on shares of Zeta Global from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, September 9th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Zeta Global currently has an average rating of “Buy” and a consensus price target of $29.75.

Zeta Global Stock Performance

The business’s 50-day moving average price is $23.73 and its 200-day moving average price is $17.44. The stock has a market cap of $6.33 billion, a P/E ratio of -27.30 and a beta of 1.26. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company had revenue of $227.80 million during the quarter, compared to analysts’ expectations of $212.44 million. During the same quarter in the previous year, the company earned ($0.32) EPS. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. As a group, sell-side analysts expect that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently modified their holdings of the company. Quest Partners LLC lifted its stake in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after buying an additional 2,183 shares in the last quarter. Halpern Financial Inc. lifted its position in shares of Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after acquiring an additional 830 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Zeta Global in the second quarter worth about $99,000. Amalgamated Bank grew its position in shares of Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after purchasing an additional 948 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Zeta Global during the 2nd quarter valued at approximately $105,000. 75.82% of the stock is currently owned by institutional investors.

About Zeta Global

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company's Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry's opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.