Zeta Global (NYSE:ZETA) Reaches New 52-Week High – Should You Buy?

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $29.95 and last traded at $29.8520, with a volume of 839179 shares traded. The stock had previously closed at $28.23.

Analysts Set New Price Targets

A number of brokerages have commented on ZETA. Needham & Company LLC boosted their target price on Zeta Global from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group set a $28.00 price target on Zeta Global and gave the company a “neutral” rating in a report on Wednesday, June 24th. KeyCorp boosted their price target on Zeta Global from $22.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Freedom Capital downgraded Zeta Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Bank of America raised their price objective on shares of Zeta Global from $29.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.77.

Zeta Global Trading Up 1.1%

The company has a fifty day simple moving average of $23.62 and a two-hundred day simple moving average of $19.87. 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 company has a market capitalization of $7.67 billion, a P/E ratio of -1,528.00, a price-to-earnings-growth ratio of 4.26 and a beta of 1.39.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). The company had revenue of $442.77 million during the quarter, compared to analyst estimates of $420.61 million. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.Zeta Global’s quarterly revenue was up 43.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.10) EPS. On average, analysts forecast that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the company’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 transaction of $149,175.00. Following the completion of the sale, the director owned 50,350 shares of the company’s stock, valued at $1,001,461.50. This represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.74% of the stock is owned by insiders.

Hedge Funds Weigh In On Zeta Global

Institutional investors have recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its holdings in shares of Zeta Global by 3,150.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after buying an additional 1,260 shares during the period. DV Equities LLC bought a new position in Zeta Global in the 4th quarter worth $29,000. Binnacle Investments Inc bought a new position in Zeta Global in the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC lifted its position in Zeta Global by 204.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock worth $33,000 after acquiring an additional 1,406 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Zeta Global by 223.1% during the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock worth $36,000 after acquiring an additional 1,267 shares during the last quarter. 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.