Zeta Global (NYSE:ZETA) Sets New 1-Year High – Should You Buy?

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $32.97 and last traded at $32.87, with a volume of 299861 shares. The stock had previously closed at $31.84.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ZETA. Craig Hallum upped their price objective on Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, September 27th. Morgan Stanley downgraded shares of Zeta Global from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and issued a $36.00 price objective on shares of Zeta Global in a report on Wednesday. Royal Bank of Canada raised their target price on shares of Zeta Global from $29.00 to $34.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Finally, B. Riley increased their price target on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. One investment 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.com, the stock has an average rating of “Buy” and a consensus target price of $34.25.

Zeta Global Stock Performance

The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. The stock has a market cap of $7.37 billion, a P/E ratio of -31.72 and a beta of 1.27. The stock has a 50-day simple moving average of $26.25 and a 200-day simple moving average of $19.32.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.26). The company had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.32) earnings per share. Research analysts forecast that Zeta Global Holdings Corp. will post -0.41 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

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

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.