Zeta Global (NYSE:ZETA) Hits New 1-Year High - Here's What Happened

Key Points

• Zeta Global shares reached a new 52-week high of $34.92, closing recently at $34.40 and trading well above its 50-day and 200-day moving averages.
• Analysts remain broadly bullish, with 11 Buy ratings, three Holds and one Sell; the consensus rating is “Moderate Buy” with an average price target of $36.00.
• Second-quarter revenue rose 43.6% year over year to $442.77 million, exceeding estimates, though adjusted EPS of $0.03 fell short of the $0.20 consensus. Institutional investors own 87.75% of the company’s shares.

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) hit a new 52-week high during trading on Tuesday. The company traded as high as $34.92 and last traded at $34.40, with a volume of 2,283,819 shares changing hands. The stock had previously closed at $33.51.

Analysts Set New Price Targets

ZETA has been the subject of a number of research reports. Bank of America lifted their price objective on Zeta Global from $29.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, August 19th. DA Davidson upped their target price on shares of Zeta Global from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, October 6th. The Goldman Sachs Group set a $28.00 price target on shares of Zeta Global and gave the stock a "neutral" rating in a research note on Wednesday, June 24th. Freedom Capital downgraded Zeta Global from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 6th. Finally, Canaccord Genuity Group boosted their price target on shares of Zeta Global from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday. Eleven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.00.

Zeta Global Price Performance

The company has a market cap of $8.59 billion, a PE ratio of -1,707.55, a P/E/G ratio of 4.67 and a beta of 1.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.38 and a quick ratio of 2.38. The company has a 50-day moving average price of $30.06 and a two-hundred day moving average price of $22.96.

Zeta Global (NYSE:ZETA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.17). The business had revenue of $442.77 million for the quarter, compared to analyst estimates of $420.61 million. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%. The business's quarterly revenue was up 43.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. Sell-side analysts expect that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of large investors have recently modified their holdings of ZETA. EverSource Wealth Advisors LLC increased its stake in Zeta Global by 204.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company's stock worth $33,000 after acquiring an additional 1,406 shares during the period. Cornerstone Planning Group LLC boosted its position in Zeta Global by 66.7% in the first quarter. Cornerstone Planning Group LLC now owns 2,167 shares of the company's stock worth $34,000 after purchasing an additional 867 shares during the last quarter. GK Wealth Management LLC bought a new stake in shares of Zeta Global in the third quarter valued at approximately $37,000. Versant Capital Management Inc grew its position in Zeta Global by 54.9% during the third quarter. Versant Capital Management Inc now owns 1,340 shares of the company's stock worth $42,000 after buying an additional 475 shares in the last quarter. Finally, Essential Partners LLC raised its holdings in shares of Zeta Global by 30.9% during the first quarter. Essential Partners LLC now owns 2,670 shares of the company's stock valued at $43,000 after acquiring an additional 630 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company's stock.

About Zeta Global

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company's offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.

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