Zeta Global (NYSE:ZETA) Stock Price Up 6% - What's Next?

Key Points

• Zeta Global shares rose 6% to about $30.69, although trading volume was 81% below the average daily level.
• Analyst sentiment remains favorable: 10 analysts rate the stock Buy, with a “Moderate Buy” consensus and an average price target of $30.77. Several firms recently raised their targets to between $31 and $34.
• Quarterly revenue increased 43.6% year over year to $442.77 million, beating estimates, but adjusted EPS of $0.03 missed the $0.20 consensus. Institutional investors own 87.75% of the company’s shares.

Shares of Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) rose 6% during trading on Wednesday. The company traded as high as $30.68 and last traded at $30.6880. 1,576,551 shares traded hands during trading, a decline of 81% from the average daily volume of 8,482,517 shares. The stock had previously closed at $28.96.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ZETA. Bank of America lifted their target price on Zeta Global from $29.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. Needham & Company LLC raised their price objective on Zeta Global from $25.00 to $30.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. DA Davidson raised their price objective on Zeta Global from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Royal Bank Of Canada boosted their price objective on Zeta Global from $29.00 to $31.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Finally, B. Riley Financial restated a "buy" rating and issued a $32.00 target price (up from $30.00) on shares of Zeta Global in a research note on Wednesday, August 5th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $30.77.

Zeta Global Stock Up 8.9%

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 firm has a 50 day simple moving average of $27.92 and a 200-day simple moving average of $21.98. The stock has a market capitalization of $7.91 billion, a price-to-earnings ratio of -1,565.00, a price-to-earnings-growth ratio of 4.09 and a beta of 1.43.

Zeta Global (NYSE:ZETA - Get Free Report) last issued its 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 firm had revenue of $442.77 million during the quarter, compared to analyst estimates of $420.61 million. Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The firm's revenue for the quarter was up 43.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.10) EPS. On average, sell-side analysts forecast that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Contour Asset Management LLC grew its position in Zeta Global by 26.3% during the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company's stock worth $227,159,000 after acquiring an additional 2,327,907 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Zeta Global by 13.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company's stock worth $113,603,000 after purchasing an additional 673,145 shares in the last quarter. Capital World Investors boosted its stake in Zeta Global by 0.7% in the fourth quarter. Capital World Investors now owns 5,013,776 shares of the company's stock worth $102,030,000 after purchasing an additional 33,923 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Zeta Global by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 4,532,098 shares of the company's stock worth $92,243,000 after purchasing an additional 14,956 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Zeta Global by 47.7% during the first quarter. Bank of America Corp DE now owns 3,853,723 shares of the company's stock worth $61,351,000 after purchasing an additional 1,244,057 shares during the last quarter. Institutional investors 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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