Zeta Global (NASDAQ:ZETA) Hits New 1-Year High at $30.25

Zeta Global Holdings Corp. (NASDAQ:ZETA)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $30.25 and last traded at $29.83, with a volume of 303547 shares changing hands. The stock had previously closed at $30.24.

Analyst Ratings Changes

Several research firms recently commented on ZETA. Bank of America boosted their price target on Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, June 24th. Needham & Company LLC upped their target price on Zeta Global from $28.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, September 9th. DA Davidson raised their price target on shares of Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday. Canaccord Genuity Group lifted their price target on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Royal Bank of Canada increased their price objective on shares of Zeta Global from $23.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $30.17.

Zeta Global Stock Performance

The stock’s fifty day simple moving average is $24.36 and its two-hundred day simple moving average is $17.95. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NASDAQ:ZETA) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The business had revenue of $227.80 million for the quarter, compared to analyst estimates of $212.44 million. During the same quarter last year, the company earned ($0.32) EPS. Zeta Global’s revenue was up 32.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Zeta Global Holdings Corp. will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Halpern Financial Inc. lifted its stake in Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after buying an additional 830 shares during the last quarter. Amalgamated Bank lifted its position in Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after purchasing an additional 948 shares during the period. Counterpoint Mutual Funds LLC boosted its stake in Zeta Global by 9.4% during the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock valued at $136,000 after buying an additional 1,065 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings in Zeta Global by 0.5% during the first quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company’s stock worth $2,486,000 after acquiring an additional 1,233 shares during the period. Finally, Arizona State Retirement System raised its position in Zeta Global by 4.6% in the second quarter. Arizona State Retirement System now owns 45,060 shares of the company’s stock worth $795,000 after acquiring an additional 1,980 shares in the last quarter. Institutional investors and hedge funds own 75.82% of the company’s stock.

About Zeta Global

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company's Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry's opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.