Zeta Global (NYSE:ZETA) Sets New 12-Month High – Here’s What Happened

Zeta Global Holdings Corp. (NYSE:ZETA) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $32.81 and last traded at $30.7870, with a volume of 4776891 shares traded. The stock had previously closed at $31.35.

Wall Street Analysts Forecast Growth

Several research firms have commented on ZETA. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research report on Friday, July 17th. William Blair set a $29.00 target price on Zeta Global in a research note on Thursday, August 6th. Needham & Company LLC lifted their price objective on Zeta Global from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Finally, KeyCorp lifted their price target on shares of Zeta Global from $22.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Ten 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.77.

Zeta Global Price Performance

The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $7.64 billion, a PE ratio of -1,529.80, a PEG ratio of 4.42 and a beta of 1.43. The firm’s fifty day moving average price is $25.12 and its two-hundred day moving average price is $20.55.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $442.77 million during the quarter, compared to the consensus estimate of $420.61 million. During the same quarter in the previous year, the business posted ($0.10) earnings per share. The firm’s revenue was up 43.6% on a year-over-year basis. On average, equities analysts predict that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current year.

Insider Activity at Zeta Global

In other news, Director Jeanine Silberblatt sold 7,500 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the sale, the director directly owned 50,350 shares in the company, valued at approximately $1,001,461.50. This represents a 12.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 10.74% of the company’s stock.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its stake in Zeta Global by 69.8% in the first quarter. Royal Bank of Canada now owns 558,179 shares of the company’s stock worth $8,887,000 after buying an additional 229,533 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Zeta Global by 31.7% in the first quarter. California State Teachers Retirement System now owns 227,521 shares of the company’s stock worth $3,622,000 after buying an additional 54,703 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Zeta Global by 133.5% in the first quarter. Cetera Investment Advisers now owns 79,181 shares of the company’s stock valued at $1,261,000 after purchasing an additional 45,264 shares during the period. Strs Ohio raised its holdings in shares of Zeta Global by 1,102.2% during the first quarter. Strs Ohio now owns 54,100 shares of the company’s stock worth $861,000 after purchasing an additional 49,600 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Zeta Global by 47.7% in 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 period. Hedge funds and other 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.