Zeta Global (NASDAQ:ZETA) Sets New 52-Week High at $18.69 (2024)

Posted by Defense World Staff on Jul 15th, 2024

Zeta Global Holdings Corp. (NASDAQ:ZETA – Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $18.69 and last traded at $18.57, with a volume of 237479 shares trading hands. The stock had previously closed at $17.66.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ZETA. Roth Mkm increased their price target on Zeta Global from $21.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Bank of America raised their target price on Zeta Global from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, June 24th. Canaccord Genuity Group upgraded Zeta Global to a “strong-buy” rating in a research report on Tuesday, May 7th. Craig Hallum increased their price target on Zeta Global from $15.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Finally, DA Davidson raised their price objective on Zeta Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Thirteen analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $20.96.

Read Our Latest Research Report on ZETA

Zeta Global Trading Up 6.9 %

The company has a debt-to-equity ratio of 0.96, a current ratio of 1.89 and a quick ratio of 1.89. The company has a fifty day moving average of $16.62 and a 200-day moving average of $12.65. The firm has a market capitalization of $4.13 billion, a PE ratio of -17.75 and a beta of 1.23.

Zeta Global (NASDAQ:ZETA – Get Free Report) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.02. Zeta Global had a negative return on equity of 101.48% and a negative net margin of 22.20%. The business had revenue of $195.00 million during the quarter, compared to analyst estimates of $187.16 million. During the same period last year, the company earned ($0.38) earnings per share. Zeta Global’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Zeta Global Holdings Corp. will post -0.38 earnings per share for the current fiscal year.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Halpern Financial Inc. raised its holdings in shares of Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after acquiring an additional 830 shares in the last quarter. Optas LLC bought a new position in Zeta Global during the fourth quarter valued at about $88,000. Blue Trust Inc. raised its holdings in Zeta Global by 22.8% during the fourth quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after buying an additional 2,037 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in Zeta Global during the fourth quarter valued at about $100,000. Finally, SlateStone Wealth LLC bought a new position in Zeta Global during the first quarter valued at about $135,000. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Company Profile

(Get Free Report)

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.