Zeta Global (NASDAQ:ZETA) Hits New 12-Month High at $26.42

Zeta Global Holdings Corp. (NASDAQ:ZETA)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $26.42 and last traded at $26.40, with a volume of 41087 shares trading hands. The stock had previously closed at $26.41.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ZETA. B. Riley restated a “buy” rating and issued a $30.00 price objective (up from $24.00) on shares of Zeta Global in a report on Thursday, August 1st. Truist Financial reaffirmed a “buy” rating and issued a $30.00 price target (up previously from $23.00) on shares of Zeta Global in a research report on Thursday, August 1st. Oppenheimer increased their price objective on shares of Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Roth Mkm boosted their price objective on shares of Zeta Global from $21.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Bank of America increased their target price on Zeta Global from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, June 24th. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Zeta Global has an average rating of “Buy” and an average price target of $28.00.

Zeta Global Trading Down 2.7 %

The company has a 50 day moving average of $21.67 and a two-hundred day moving average of $16.23. The stock has a market capitalization of $5.47 billion, a PE ratio of -23.47 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) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). The business had revenue of $227.80 million for the quarter, compared to analysts’ expectations of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. Zeta Global’s revenue was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.32) EPS. Sell-side analysts predict that Zeta Global Holdings Corp. will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

Large investors have recently made changes to their positions in the stock. Quest Partners LLC boosted its position in Zeta Global by 1,718.9% in the second 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 during the last quarter. Halpern Financial Inc. boosted its holdings in shares of Zeta Global by 18.6% in the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after acquiring an additional 830 shares during the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Zeta Global in the second quarter worth $99,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Zeta Global during the fourth quarter worth $100,000. Finally, Amalgamated Bank lifted its position in Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares during the period. 75.82% of the stock is owned by hedge funds and other 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.