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

Key Points

• Zeta Global shares reached a new 52-week high of $32.05, closing above the prior session at $31.58 amid heavy trading volume.
• Analyst sentiment remains positive, with 10 Buy, three Hold and one Sell rating; the stock has a “Moderate Buy” consensus and an average price target of $30.77.
• Quarterly revenue rose 43.6% year over year to $442.77 million, exceeding estimates, although adjusted EPS of $0.03 fell short of the $0.20 consensus forecast.

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $32.05 and last traded at $31.58, with a volume of 13860665 shares trading hands. The stock had previously closed at $30.97.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. William Blair set a $29.00 price target on Zeta Global in a research report on Thursday, August 6th. Wall Street Zen raised shares of Zeta Global from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. The Goldman Sachs Group set a $28.00 target price on shares of Zeta Global and gave the stock a "neutral" rating in a report on Wednesday, June 24th. DA Davidson upped their price target on shares of Zeta Global from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Finally, Freedom Capital cut shares of Zeta Global from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 6th. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $30.77.

Zeta Global Price Performance

The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $7.93 billion, a P/E ratio of -1,579.00, a P/E/G ratio of 4.37 and a beta of 1.43. The company has a 50 day moving average price of $24.11 and a 200 day moving average price of $20.10.

Zeta Global (NYSE:ZETA - Get Free Report) last announced its quarterly earnings results 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). Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The business had revenue of $442.77 million for the quarter, compared to analyst estimates of $420.61 million. During the same period in the prior year, the business earned ($0.10) EPS. The company's revenue for the quarter was up 43.6% compared to the same quarter last year. On average, equities analysts predict that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

Insider Activity at Zeta Global

In related news, Director Jeanine Silberblatt sold 7,500 shares of the company's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $19.89, for a total value of $149,175.00. Following the transaction, the director owned 50,350 shares in the company, valued at approximately $1,001,461.50. This represents a 12.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.74% of the company's stock.

Institutional Trading of Zeta Global

Several institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LP grew its holdings in Zeta Global by 1,393.7% in the 2nd quarter. Corient Private Wealth LP now owns 247,455 shares of the company's stock valued at $4,870,000 after buying an additional 230,888 shares in the last quarter. Absolute Gestao de Investimentos Ltda. bought a new position in Zeta Global during the 2nd quarter worth $984,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Zeta Global during the second quarter worth $2,148,000. California State Teachers Retirement System lifted its holdings in shares of Zeta Global by 1,808.6% during the second quarter. California State Teachers Retirement System now owns 4,342,549 shares of the company's stock worth $85,461,000 after buying an additional 4,115,028 shares in the last quarter. Finally, Washington Trust Advisors Inc. acquired a new position in shares of Zeta Global in the second quarter valued at about $1,843,000. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm's mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta's offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.

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