Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $30.25 and last traded at $29.83, with a volume of 303547 shares. The stock had previously closed at $30.24.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on ZETA. B. Riley reaffirmed a "buy" rating and set a $30.00 price target (up from $24.00) on shares of Zeta Global in a research note on Thursday, August 1st. Barclays lifted their price target on shares of Zeta Global from $18.00 to $28.00 and gave the stock an "overweight" rating in a research note on Thursday, August 1st. DA Davidson lifted their price target on shares of Zeta Global from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Monday. Morgan Stanley cut shares of Zeta Global from an "overweight" rating to an "equal weight" rating and lifted their price target for the stock from $18.00 to $30.00 in a research note on Thursday, August 1st. Finally, Oppenheimer lifted their price objective on shares of Zeta Global from $20.00 to $29.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Zeta Global presently has a consensus rating of "Buy" and an average target price of $30.17.
Get Our Latest Analysis on ZETA
Zeta Global Price Performance
The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The firm's 50 day moving average is $24.36 and its 200 day moving average is $17.95.
Zeta Global (NASDAQ:ZETA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). The firm had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The company's revenue was up 32.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.32) EPS. Research analysts forecast that Zeta Global Holdings Corp. will post -0.43 earnings per share for the current fiscal year.
Institutional Trading of Zeta Global
Several large investors have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Zeta Global during the 2nd quarter worth approximately $7,713,000. Point72 Asset Management L.P. grew its position in 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 purchasing an additional 5,259 shares during the last quarter. Algert Global LLC grew its position in Zeta Global by 23.1% during the 2nd quarter. Algert Global LLC now owns 118,667 shares of the company's stock worth $2,094,000 after purchasing an additional 22,237 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its position in Zeta Global by 18.1% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 103,184 shares of the company's stock worth $1,821,000 after purchasing an additional 15,800 shares during the last quarter. Finally, Scientech Research LLC purchased a new stake in Zeta Global during the 2nd quarter worth approximately $265,000. Hedge funds and other institutional investors own 75.82% of the company's stock.
About Zeta Global
(
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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.
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