Zeta Global (NASDAQ:ZETA) Hits New 52-Week High at $25.54

Zeta Global Holdings Corp. (NASDAQ:ZETA)’s share price hit a new 52-week high on Tuesday . The company traded as high as $25.54 and last traded at $25.40, with a volume of 596010 shares changing hands. The stock had previously closed at $25.09.

Analyst Ratings Changes

Several research firms have recently weighed in on ZETA. Truist Financial reaffirmed a “buy” rating and set a $30.00 price objective (up previously from $23.00) on shares of Zeta Global in a report on Thursday, August 1st. Royal Bank of Canada lifted their price target on Zeta Global from $23.00 to $29.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. B. Riley reaffirmed a “buy” rating and issued a $30.00 target price (up from $24.00) on shares of Zeta Global in a research note on Thursday, August 1st. Oppenheimer boosted their price objective on shares of Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Finally, Barclays boosted their target price on Zeta Global from $18.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Zeta Global has a consensus rating of “Buy” and an average price target of $28.00.

Zeta Global Stock Up 1.6 %

The firm has a market capitalization of $5.60 billion, a P/E ratio of -23.68 and a beta of 1.23. The firm’s 50 day moving average is $20.29 and its two-hundred day moving average is $15.51. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98.

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

Hedge Funds Weigh In On Zeta Global

Several large investors have recently bought and sold shares of ZETA. Point72 Asset Management L.P. raised its position in Zeta Global by 10.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 57,859 shares of the company’s stock worth $1,021,000 after purchasing an additional 5,259 shares during the last quarter. Algert Global LLC lifted its stake in shares of Zeta Global by 23.1% in the second quarter. Algert Global LLC now owns 118,667 shares of the company’s stock worth $2,094,000 after acquiring an additional 22,237 shares during the period. Susquehanna Fundamental Investments LLC boosted its holdings in Zeta Global by 18.1% in the second quarter. Susquehanna Fundamental Investments LLC now owns 103,184 shares of the company’s stock valued at $1,821,000 after acquiring an additional 15,800 shares during the last quarter. Scientech Research LLC acquired a new stake in Zeta Global during the 2nd quarter valued at approximately $265,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Zeta Global by 30.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 109,715 shares of the company’s stock worth $1,936,000 after purchasing an additional 25,855 shares during the last quarter. 75.82% of the stock is currently owned by institutional investors.

Zeta Global Company Profile

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.