Zeta Global (NYSE:ZETA) Shares Gap Up – What’s Next?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) gapped up prior to trading on Friday. The stock had previously closed at $33.55, but opened at $35.15. Zeta Global shares last traded at $33.32, with a volume of 1,973,792 shares.

Wall Street Analyst Weigh In

Several analysts have recently commented on ZETA shares. DA Davidson lifted their price target on shares of Zeta Global from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. William Blair set a $29.00 target price on Zeta Global in a report on Thursday, August 6th. Craig Hallum set a $38.00 price objective on Zeta Global in a research note on Monday. B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a research report on Friday, October 9th. Finally, Canaccord Genuity Group lifted their price target on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.06.

Zeta Global Stock Down 3.0%

The business has a fifty day simple moving average of $30.51 and a two-hundred day simple moving average of $23.33. 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 company has a market capitalization of $8.17 billion, a price-to-earnings ratio of -1,644.30, a P/E/G ratio of 4.55 and a beta of 1.39.

Zeta Global (NYSE:ZETA) last released its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $420.61 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The business’s revenue for the quarter was up 43.6% on a year-over-year basis. Equities analysts expect that Zeta Global Holdings Corp. will post 0.21 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Contour Asset Management LLC boosted its stake in shares of Zeta Global by 26.3% in the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock valued at $227,159,000 after purchasing an additional 2,327,907 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Zeta Global by 47.7% during the 1st quarter. Bank of America Corp DE now owns 3,853,723 shares of the company’s stock worth $61,351,000 after acquiring an additional 1,244,057 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Zeta Global by 75.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,864,071 shares of the company’s stock worth $45,583,000 after purchasing an additional 1,234,412 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in Zeta Global by 66.4% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,142,960 shares of the company’s stock valued at $18,196,000 after buying an additional 456,200 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Zeta Global by 7,696.7% in the first quarter. Principal Financial Group Inc. now owns 868,239 shares of the company’s stock worth $13,822,000 after buying an additional 857,103 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Company Profile

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company’s offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.