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

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

Analyst Ratings Changes

ZETA has been the topic of several research analyst reports. William Blair restated an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 28th. Needham & Company LLC reiterated a “buy” rating and issued a $13.00 price target on shares of Zeta Global in a report on Wednesday, February 28th. DA Davidson assumed coverage on Zeta Global in a report on Wednesday, April 3rd. They issued a “buy” rating and a $15.00 price target on the stock. TheStreet upgraded Zeta Global from a “d+” rating to a “c-” rating in a report on Tuesday, January 30th. Finally, Morgan Stanley upgraded Zeta Global from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $12.00 to $17.00 in a report on Thursday, April 4th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Zeta Global has a consensus rating of “Buy” and a consensus price target of $15.00.

Zeta Global Stock Up 1.3 %

The firm has a 50 day simple moving average of $10.99 and a two-hundred day simple moving average of $9.56. 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 stock has a market cap of $2.72 billion, a price-to-earnings ratio of -10.29 and a beta of 1.20.

Zeta Global (NASDAQ:ZETA) last released 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 net margin of 25.73% and a negative return on equity of 123.59%. The company had revenue of $210.00 million during the quarter, compared to analyst estimates of $207.53 million. During the same period in the previous year, the company posted ($0.36) EPS. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. As a group, sell-side analysts expect that Zeta Global Holdings Corp. will post -0.45 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds have recently modified their holdings of ZETA. Halpern Financial Inc. raised its position in shares of Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after purchasing an additional 830 shares during the period. Optas LLC acquired a new stake in Zeta Global in the 4th quarter valued at approximately $88,000. Blue Trust Inc. raised its position in Zeta Global by 22.8% in the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after buying an additional 2,037 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Zeta Global in the 4th quarter valued at approximately $100,000. Finally, Koshinski Asset Management Inc. acquired a new stake in Zeta Global in the 3rd quarter valued at approximately $109,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

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.