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

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) hit a new 52-week high during 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.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Bank of America boosted their price target on shares of Zeta Global from $29.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. DA Davidson upped their target price on shares of Zeta Global from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. KeyCorp raised their price target on Zeta Global from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. The Goldman Sachs Group set a $28.00 target price on Zeta Global and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Finally, Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Zeta Global has an average rating of “Moderate Buy” and a consensus price target of $30.77.

Zeta Global Stock Down 0.9%

The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of -1,524.90, a price-to-earnings-growth ratio of 4.35 and a beta of 1.43. 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 50 day moving average price of $25.53 and a 200 day moving average price of $20.76.

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

Insider Buying and Selling

In related 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 value of $149,175.00. Following the transaction, the director owned 50,350 shares in the company, valued at approximately $1,001,461.50. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.74% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ZETA. DV Equities LLC purchased a new position in Zeta Global during the 4th quarter valued at about $29,000. Binnacle Investments Inc purchased a new position in shares of Zeta Global in the 3rd quarter worth about $30,000. National Bank of Canada FI increased its position in shares of Zeta Global by 223.1% during the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock valued at $36,000 after purchasing an additional 1,267 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in shares of Zeta Global by 159.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,880 shares of the company’s stock valued at $38,000 after buying an additional 1,155 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Zeta Global by 204.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock worth $33,000 after buying an additional 1,406 shares during the last quarter. 87.75% of the stock is owned by institutional investors.

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.