Zeta Global (NYSE:ZETA) Sets New 52-Week High – Time to Buy?

Zeta Global Holdings Corp. (NYSE:ZETA) reached a new 52-week high during trading on Wednesday . The stock traded as high as $32.05 and last traded at $31.58, with a volume of 13860665 shares changing hands. The stock had previously closed at $30.97.

Analyst Upgrades and Downgrades

ZETA has been the topic of a number of research reports. Bank of America upped their target price on Zeta Global from $29.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Needham & Company LLC boosted their price target on shares of Zeta Global from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. William Blair set a $29.00 price objective on shares of Zeta Global in a report on Thursday, August 6th. Citigroup raised their price objective on shares of Zeta Global from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Finally, Freedom Capital cut shares of Zeta Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Ten research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.77.

Zeta Global Stock Performance

The company has a 50-day moving average of $24.64 and a 200-day moving average of $20.32. The company has a market cap of $8.17 billion, a PE ratio of -1,628.00, a PEG ratio of 4.30 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.

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

Insider Buying and Selling at Zeta Global

In related news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.74% of the stock is owned by insiders.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently modified their holdings of ZETA. DV Equities LLC purchased a new position in Zeta Global in the fourth quarter worth $29,000. Binnacle Investments Inc purchased a new stake in shares of Zeta Global during the 3rd quarter valued at $30,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 1,406 shares during the period. Cornerstone Planning Group LLC raised its stake in shares of Zeta Global by 66.7% during the 1st quarter. Cornerstone Planning Group LLC now owns 2,167 shares of the company’s stock worth $34,000 after purchasing an additional 867 shares during the period. Finally, National Bank of Canada FI boosted its holdings in shares of Zeta Global by 223.1% in the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock worth $36,000 after buying an additional 1,267 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.