Zeta Global (NYSE:ZETA) Hits New 12-Month High - Should You Buy?

Key Points

• Zeta Global shares hit a new 52-week high, reaching $29.95 and closing around $29.85, up 4.5% on the session.
• Analyst sentiment is broadly positive: 10 analysts rate the stock a Buy, three rate it Hold and one rates it Sell. The consensus is “Moderate Buy” with an average price target of $30.77, while several firms recently raised targets to $31–$32.
• The latest quarterly results were mixed: revenue rose 43.6% year over year to $442.77 million and exceeded estimates, but earnings per share came in at $0.03 versus the $0.20 consensus forecast. Institutional investors own 87.75% of the stock, while an insider recently reduced their position.

Shares of Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $29.95 and last traded at $29.8520, with a volume of 839179 shares trading hands. The stock had previously closed at $28.23.

Analysts Set New Price Targets

Several brokerages recently commented on ZETA. DA Davidson upped their price target on shares of Zeta Global from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Royal Bank Of Canada lifted their price objective on shares of Zeta Global from $29.00 to $31.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th. B. Riley Financial reissued a "buy" rating and set a $32.00 target price (up from $30.00) on shares of Zeta Global in a research note on Wednesday, August 5th. The Goldman Sachs Group set a $28.00 target price on Zeta Global and gave the company a "neutral" rating in a report on Wednesday, June 24th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Zeta Global in a research report on Friday, July 17th. Ten 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $30.77.

Zeta Global Stock Up 4.5%

The business's 50 day simple moving average is $23.16 and its 200-day simple moving average is $19.70. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market cap of $7.41 billion, a price-to-earnings ratio of -1,465.40, a price-to-earnings-growth ratio of 3.93 and a beta of 1.39.

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

Insiders Place Their Bets

In other news, Director Jeanine Silberblatt sold 7,500 shares of the firm's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the sale, the director directly owned 50,350 shares of the company's stock, valued at $1,001,461.50. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.74% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Zeta Global

Large investors have recently made changes to their positions in the company. Mackenzie Financial Corp lifted its holdings in shares of Zeta Global by 4.8% during the 3rd quarter. Mackenzie Financial Corp now owns 12,195 shares of the company's stock worth $242,000 after acquiring an additional 560 shares during the period. Verus Capital Partners LLC boosted its position in shares of Zeta Global by 1.2% during the 4th quarter. Verus Capital Partners LLC now owns 49,100 shares of the company's stock valued at $999,000 after acquiring an additional 600 shares in the last quarter. Essential Partners LLC increased its stake in Zeta Global by 30.9% in 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 during the period. SlateStone Wealth LLC increased its stake in Zeta Global by 3.9% in the fourth quarter. SlateStone Wealth LLC now owns 19,801 shares of the company's stock valued at $403,000 after acquiring an additional 750 shares during the period. Finally, Hsbc Holdings PLC raised its position in Zeta Global by 2.3% in the fourth quarter. Hsbc Holdings PLC now owns 34,938 shares of the company's stock worth $724,000 after purchasing an additional 793 shares in the last quarter. Institutional investors own 87.75% of the company's stock.

About Zeta Global

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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