Zeta Global (NASDAQ:ZETA) Reaches New 1-Year High at $27.44

Zeta Global Holdings Corp. (NASDAQ:ZETA - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as $27.44 and last traded at $27.42, with a volume of 729544 shares. The stock had previously closed at $26.97.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ZETA shares. DA Davidson reissued a "buy" rating and issued a $30.00 price target on shares of Zeta Global in a research report on Tuesday. Needham & Company LLC raised their target price on Zeta Global from $28.00 to $33.00 and gave the stock a "buy" rating in a research report on Monday. Barclays upped their price target on Zeta Global from $18.00 to $28.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st. Craig Hallum lifted their price objective on Zeta Global from $32.00 to $35.00 and gave the company a "buy" rating in a report on Friday, September 6th. Finally, Morgan Stanley downgraded shares of Zeta Global from an "overweight" rating to an "equal weight" rating and boosted their target price for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Zeta Global has a consensus rating of "Buy" and a consensus price target of $29.75.

Zeta Global Price Performance

The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The stock's 50-day moving average price is $22.88 and its 200-day moving average price is $16.96. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of -25.96 and a beta of 1.26.

Zeta Global (NASDAQ:ZETA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. During the same quarter in the previous year, the business posted ($0.32) earnings per share. The firm's quarterly revenue was up 32.6% on a year-over-year basis. Equities research analysts anticipate that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. grew its position in shares of Zeta Global by 10.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 57,859 shares of the company's stock worth $1,021,000 after buying an additional 5,259 shares during the period. Algert Global LLC grew its holdings in Zeta Global by 23.1% during the second quarter. Algert Global LLC now owns 118,667 shares of the company's stock valued at $2,094,000 after purchasing an additional 22,237 shares during the period. Susquehanna Fundamental Investments LLC increased its stake in Zeta Global by 18.1% in the second quarter. Susquehanna Fundamental Investments LLC now owns 103,184 shares of the company's stock valued at $1,821,000 after purchasing an additional 15,800 shares in the last quarter. Scientech Research LLC acquired a new stake in Zeta Global in the second quarter worth $265,000. Finally, The Manufacturers Life Insurance Company raised its stake in Zeta Global by 30.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 109,715 shares of the company's stock worth $1,936,000 after buying an additional 25,855 shares during the period. 75.82% of the stock is currently owned by institutional investors and hedge funds.

About Zeta Global

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.