Zeta Global (NYSE:ZETA) Hits New 12-Month High – Should You Buy?

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) reached a new 52-week high on Thursday . The stock traded as high as $29.95 and last traded at $29.8520, with a volume of 839179 shares changing hands. The stock had previously closed at $28.23.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ZETA. Citigroup increased their target price on Zeta Global from $26.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Royal Bank Of Canada boosted their price target on Zeta Global from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. DA Davidson increased their price objective on Zeta Global from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, Freedom Capital cut Zeta Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Ten investment 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, Zeta Global has an average rating of “Moderate Buy” and an average target price of $30.77.

Zeta Global Price Performance

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 stock has a market capitalization of $7.41 billion, a P/E ratio of -1,465.40, a PEG ratio of 3.93 and a beta of 1.39. The company’s 50 day simple moving average is $23.16 and its two-hundred day simple moving average is $19.70.

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

Insider Buying and Selling

In related news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s stock in a transaction 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 directly owned 50,350 shares of the company’s stock, valued at $1,001,461.50. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.74% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently bought and sold shares of ZETA. Cornerstone Planning Group LLC increased its stake in shares of Zeta Global by 3,150.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock valued at $26,000 after buying an additional 1,260 shares in the last quarter. DV Equities LLC bought a new position in shares of Zeta Global in the fourth quarter valued at about $29,000. Binnacle Investments Inc acquired a new position in Zeta Global during the 3rd quarter worth about $30,000. United Community Bank acquired a new position in Zeta Global during the 4th quarter worth about $31,000. Finally, EverSource Wealth Advisors LLC grew its holdings 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. Institutional investors and hedge funds 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.