Zeta Global Holdings Corp. (NASDAQ:ZETA - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $16.04 and last traded at $15.96, with a volume of 207667 shares. The stock had previously closed at $15.80.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on ZETA. William Blair reissued an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 28th. Morgan Stanley boosted their price objective on shares of Zeta Global from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Tuesday, May 7th. Barclays lifted their price target on Zeta Global from $15.00 to $18.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 7th. Roth Mkm reaffirmed a "buy" rating and issued a $21.00 price objective on shares of Zeta Global in a report on Tuesday, May 7th. Finally, Needham & Company LLC increased their target price on shares of Zeta Global from $13.00 to $18.00 and gave the stock a "buy" rating in a report on Tuesday, May 7th. Eleven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $18.75.
Read Our Latest Stock Analysis on ZETA
Zeta Global Price Performance
The company has a debt-to-equity ratio of 0.96, a current ratio of 1.89 and a quick ratio of 1.89. The company's 50 day moving average price is $11.74 and its 200 day moving average price is $9.98. The firm has a market capitalization of $3.45 billion, a P/E ratio of -14.90 and a beta of 1.12.
Zeta Global (NASDAQ:ZETA - Get Free Report) last issued its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.02. The company had revenue of $195.00 million for the quarter, compared to analyst estimates of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. The company's revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.38) EPS. As a group, sell-side analysts anticipate that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal year.
Institutional Investors Weigh In On Zeta Global
A number of institutional investors have recently made changes to their positions in the company. Summit Creek Advisors LLC increased its position in Zeta Global by 0.7% during the first quarter. Summit Creek Advisors LLC now owns 1,539,615 shares of the company's stock worth $16,828,000 after acquiring an additional 9,987 shares during the period. Vanguard Group Inc. boosted its stake in Zeta Global by 2.6% in the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company's stock valued at $182,723,000 after buying an additional 431,077 shares in the last quarter. Lord Abbett & CO. LLC grew its position in Zeta Global by 43.9% in the first quarter. Lord Abbett & CO. LLC now owns 1,088,347 shares of the company's stock valued at $11,896,000 after acquiring an additional 332,009 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Zeta Global by 26.7% in the first quarter. First Eagle Investment Management LLC now owns 947,397 shares of the company's stock worth $10,355,000 after acquiring an additional 199,500 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Zeta Global in the 1st quarter valued at approximately $153,000. Institutional investors own 75.82% of the company's stock.
About Zeta Global
(
Get Free Report)
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.
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