Zeta Global (NYSE:ZETA) Reaches New 1-Year High – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $28.58 and last traded at $28.3180, with a volume of 3247420 shares changing hands. The stock had previously closed at $27.54.

Wall Street Analyst Weigh In

ZETA has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Zeta Global in a research note on Friday, July 17th. Needham & Company LLC increased their price target on Zeta Global from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. B. Riley Financial reiterated a “buy” rating and issued a $32.00 price target (up from $30.00) on shares of Zeta Global in a report on Wednesday, August 5th. Freedom Capital cut Zeta Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a report on Sunday. Ten analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.62.

Zeta Global Stock Performance

The firm has a 50 day moving average of $21.39 and a 200-day moving average of $18.92. The company has a market cap of $7.07 billion, a P/E ratio of -1,419.60, a PEG ratio of 3.81 and a beta of 1.39. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21.

Zeta Global (NYSE:ZETA) last issued its 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). Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The firm had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. During the same period last year, the firm earned ($0.10) earnings per share. The company’s revenue for the quarter was up 43.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

Insider Buying and Selling at Zeta Global

In related news, Director Jeanine Silberblatt sold 7,500 shares of Zeta Global stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total value of $149,175.00. Following the completion of the sale, the director directly owned 50,350 shares in the company, valued at $1,001,461.50. The trade was a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 10.74% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ZETA. Disciplined Growth Investors Inc. MN bought a new position in shares of Zeta Global during the third quarter valued at approximately $121,502,000. Contour Asset Management LLC raised its stake in Zeta Global by 26.3% in the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock worth $227,159,000 after buying an additional 2,327,907 shares in the last quarter. Norges Bank purchased a new stake in Zeta Global during the fourth quarter worth $46,975,000. M&T Bank Corp boosted its position in Zeta Global by 12,545.2% during the 4th quarter. M&T Bank Corp now owns 2,233,649 shares of the company’s stock valued at $45,455,000 after acquiring an additional 2,215,985 shares in the last quarter. Finally, Annex Advisory Services LLC bought a new stake in Zeta Global during the 4th quarter valued at $42,136,000. Hedge funds and other 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.