Zeta Global (NYSE:ZETA) Hits New 12-Month High - Here's Why

Key Points

• Zeta Global shares reached a new 52-week high of $34.21, up from a prior close of $32.63, giving the company an approximately $8.35 billion market capitalization.
• Analyst sentiment is broadly positive: nine analysts rate the stock a Buy, three rate it Hold and one rates it Sell, producing a “Moderate Buy” consensus and an average price target of $31.58. RBC recently raised its target to $40 and maintained an Outperform rating.
• Zeta’s latest quarter showed 43.6% year-over-year revenue growth to $442.77 million, exceeding estimates, although adjusted EPS of $0.03 fell short of the $0.20 consensus. Institutional investors and hedge funds own 87.75% of the company’s shares.

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report)'s share price hit a new 52-week high during trading on Monday. The company traded as high as $34.21 and last traded at $34.0940, with a volume of 1006416 shares trading hands. The stock had previously closed at $32.63.

Wall Street Analyst Weigh In

ZETA has been the topic of a number of research reports. William Blair set a $29.00 target price on shares of Zeta Global in a report on Thursday, August 6th. The Goldman Sachs Group set a $28.00 price target on shares of Zeta Global and gave the company a "neutral" rating in a report on Wednesday, June 24th. Royal Bank Of Canada lifted their price target on Zeta Global from $31.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday. DA Davidson boosted their price objective on Zeta Global from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Zeta Global in a research note on Friday, July 17th. Nine equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $31.58.

Zeta Global Trading Up 1.9%

The stock's 50 day moving average price is $28.68 and its 200-day moving average price is $22.28. The stock has a market capitalization of $8.35 billion, a P/E ratio of -1,655.85, a P/E/G ratio of 4.60 and a beta of 1.39. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21.

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

Hedge Funds Weigh In On Zeta Global

Several hedge funds have recently modified their holdings of the stock. Contour Asset Management LLC increased its position in shares of Zeta Global by 26.3% in the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company's stock valued at $227,159,000 after acquiring an additional 2,327,907 shares during the period. Norges Bank acquired a new position in Zeta Global during the fourth quarter valued at $46,975,000. P2 Capital Partners LLC purchased a new stake in Zeta Global in the fourth quarter valued at $34,595,000. Granahan Investment Management LLC grew its position in Zeta Global by 110.3% during the 4th quarter. Granahan Investment Management LLC now owns 2,617,630 shares of the company's stock worth $53,269,000 after purchasing an additional 1,373,164 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Zeta Global by 47.7% during the 1st quarter. Bank of America Corp DE now owns 3,853,723 shares of the company's stock valued at $61,351,000 after buying an additional 1,244,057 shares during 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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