Zeta Global (NYSE:ZETA) Hits New 52-Week High - Still a Buy?

Key Points

• Zeta Global shares reached a new 52-week high of $28.58 and were last trading near $28.32, up 3.1%. Analysts maintain a “Moderate Buy” consensus, with an average price target of $29.62.
• The company’s latest results were mixed: quarterly revenue rose 43.6% year over year to $442.77 million, exceeding estimates, but EPS of $0.03 missed expectations of $0.20.
• Institutional investors own 87.75% of Zeta Global, while an insider recently sold 7,500 shares. The stock has a $7.07 billion market capitalization and a negative net margin.

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $28.58 and last traded at $28.3180, with a volume of 3247420 shares. The stock had previously closed at $27.54.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ZETA shares. Citigroup reiterated a "buy" rating on shares of Zeta Global in a research report on Tuesday. Weiss Ratings restated a "sell (d-)" rating on shares of Zeta Global in a research report on Friday, July 17th. B. Riley Financial reaffirmed 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. Needham & Company LLC lifted their price target on shares of Zeta Global from $25.00 to $30.00 and gave the company a "buy" rating in a 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, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $29.62.

Zeta Global Stock Up 3.1%

The business's 50 day simple moving average is $21.39 and its 200 day simple moving average is $18.92. 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 firm has a market capitalization of $7.07 billion, a PE ratio of -1,419.60, a PEG ratio of 3.81 and a beta of 1.39.

Zeta Global (NYSE:ZETA - Get Free Report) last announced its 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 analysts' expectations of $420.61 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The firm's quarterly revenue was up 43.6% compared to the same quarter last year. On average, equities research analysts forecast that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current year.

Insider Transactions at Zeta Global

In other news, Director Jeanine Silberblatt sold 7,500 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $19.89, for a total value 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 link. 10.74% of the stock is currently owned by company insiders.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Summit Creek Advisors LLC bought a new stake in Zeta Global in the second quarter worth $6,338,000. Handelsbanken Fonder AB increased its position in Zeta Global by 21.3% during the second quarter. Handelsbanken Fonder AB now owns 68,800 shares of the company's stock valued at $1,354,000 after acquiring an additional 12,100 shares during the last quarter. Evanson Financial LLC bought a new position in Zeta Global during the second quarter valued at $602,000. Central Pacific Bank Trust Division raised its stake in shares of Zeta Global by 6.1% in the second quarter. Central Pacific Bank Trust Division now owns 28,913 shares of the company's stock valued at $569,000 after acquiring an additional 1,670 shares during the period. Finally, Moody National Bank Trust Division raised its stake in shares of Zeta Global by 60.6% in the second quarter. Moody National Bank Trust Division now owns 126,430 shares of the company's stock valued at $2,488,000 after acquiring an additional 47,705 shares during the period. Hedge funds and other institutional investors own 87.75% of the company's stock.

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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