Zeta Global (NASDAQ:ZETA) Reaches New 52-Week High at $12.45

Zeta Global Holdings Corp. (NASDAQ:ZETA)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $12.45 and last traded at $12.45, with a volume of 1711078 shares traded. The stock had previously closed at $12.28.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ZETA shares. Barclays boosted their price target on shares of Zeta Global from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. TheStreet raised shares of Zeta Global from a “d+” rating to a “c-” rating in a research report on Tuesday, January 30th. Morgan Stanley upgraded shares of Zeta Global from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $12.00 to $17.00 in a research note on Thursday, April 4th. William Blair restated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 28th. Finally, DA Davidson assumed coverage on shares of Zeta Global in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $15.00 price objective on the stock. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $15.00.

Zeta Global Trading Up 1.3 %

The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76. The business’s 50 day moving average price is $10.99 and its 200-day moving average price is $9.56. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of -10.29 and a beta of 1.20.

Zeta Global (NASDAQ:ZETA) last issued its earnings results on Tuesday, February 27th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.36). Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. The company had revenue of $210.00 million for the quarter, compared to analyst estimates of $207.53 million. During the same quarter in the previous year, the company posted ($0.36) earnings per share. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. Equities analysts forecast that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal year.

Institutional Trading of Zeta Global

Several institutional investors and hedge funds have recently modified their holdings of ZETA. Proficio Capital Partners LLC lifted its stake in shares of Zeta Global by 50.0% during the third quarter. Proficio Capital Partners LLC now owns 15,000 shares of the company’s stock valued at $125,000 after buying an additional 5,000 shares during the period. Koshinski Asset Management Inc. purchased a new position in Zeta Global during the third quarter worth approximately $109,000. Commonwealth Equity Services LLC raised its stake in Zeta Global by 530.9% during the third quarter. Commonwealth Equity Services LLC now owns 157,802 shares of the company’s stock worth $1,318,000 after purchasing an additional 132,789 shares during the period. Independent Advisor Alliance purchased a new position in Zeta Global during the third quarter worth approximately $207,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Zeta Global by 37.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,316 shares of the company’s stock worth $278,000 after purchasing an additional 9,027 shares during the period. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Company Profile

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.