Zeta Global (NASDAQ:ZETA) Sets New 52-Week High at $12.11

Zeta Global Holdings Corp. (NASDAQ:ZETA - Get Free Report) shares hit a new 52-week high on Thursday . The stock traded as high as $12.11 and last traded at $12.10, with a volume of 922503 shares trading hands. The stock had previously closed at $10.53.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. TheStreet raised Zeta Global from a "d+" rating to a "c-" rating in a research report on Tuesday, January 30th. DA Davidson assumed coverage on Zeta Global in a research note on Wednesday. They issued a "buy" rating and a $15.00 price target for the company. Needham & Company LLC reissued a "buy" rating and issued a $13.00 price target on shares of Zeta Global in a report on Wednesday, February 28th. Barclays upped their price objective on shares of Zeta Global from $14.00 to $15.00 and gave the company an "overweight" rating in a report on Wednesday, February 28th. Finally, Morgan Stanley raised shares of Zeta Global from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $12.00 to $17.00 in a research report on Thursday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Zeta Global currently has an average rating of "Buy" and an average target price of $15.00.

Zeta Global Trading Up 13.3 %

The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.02. The stock has a 50-day simple moving average of $10.37 and a 200 day simple moving average of $9.15. The company has a market cap of $2.61 billion, a price-to-earnings ratio of -9.86 and a beta of 1.20.

Zeta Global (NASDAQ:ZETA - Get Free Report) last released its earnings results on Tuesday, February 27th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.36). Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. The firm had revenue of $210.00 million for the quarter, compared to analyst estimates of $207.53 million. During the same period last year, the firm earned ($0.36) EPS. The company's revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, equities research analysts predict that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZETA. Citigroup Inc. raised its stake in shares of Zeta Global by 8.4% during the 1st quarter. Citigroup Inc. now owns 16,429 shares of the company's stock valued at $178,000 after buying an additional 1,267 shares during the last quarter. Alliancebernstein L.P. raised its position in Zeta Global by 1.0% during the second quarter. Alliancebernstein L.P. now owns 136,215 shares of the company's stock valued at $1,163,000 after acquiring an additional 1,351 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Zeta Global by 105.6% in the first quarter. Tower Research Capital LLC TRC now owns 2,932 shares of the company's stock valued at $32,000 after acquiring an additional 1,506 shares during the period. Principal Financial Group Inc. boosted its position in Zeta Global by 10.5% in the 4th quarter. Principal Financial Group Inc. now owns 15,897 shares of the company's stock worth $140,000 after purchasing an additional 1,512 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in Zeta Global by 43.0% in the 1st quarter. Macquarie Group Ltd. now owns 5,063 shares of the company's stock worth $55,000 after purchasing an additional 1,522 shares in the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Company Profile

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.