Zeta Global (NYSE:ZETA) Stock Price Breaks Above 50-Day Moving Average – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $31.72 and traded as high as $32.56. Zeta Global shares last traded at $32.3560, with a volume of 10,628,783 shares.

Key Stories Impacting Zeta Global

Here are the key news stories impacting Zeta Global this week:

• Positive Sentiment: Third-quarter earnings were $0.38 per share, above the $0.28 consensus estimate and up from $0.22 a year earlier. Revenue of $492.66 million also topped expectations of $471.08 million. Zacks: Zeta Global Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management characterized this as the company’s 21st consecutive “beat and raise” quarter, reported positive GAAP net income for Q3 and year to date, and said its full-year outlook exceeded expectations. These results may reinforce confidence in Zeta’s growth and execution. Zeta Global earnings announcement
• Positive Sentiment: Zeta expects fourth-quarter revenue of $521 million to $525 million, indicating continued growth after its Q3 beat. Zeta Global Q4 revenue guidance

Wall Street Analysts Forecast Growth

ZETA has been the subject of a number of recent research reports. Needham & Company LLC increased their price objective on Zeta Global from $30.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, October 9th. Citigroup lifted their target price on Zeta Global from $26.00 to $35.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Roth Capital reaffirmed a “buy” rating and set a $55.00 target price (up from $44.00) on shares of Zeta Global in a research report on Monday, October 12th. Royal Bank Of Canada upped their target price on Zeta Global from $31.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, October 5th. Finally, Bank of America increased their price target on Zeta Global from $29.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Zeta Global has a consensus rating of “Moderate Buy” and a consensus price target of $37.06.

Zeta Global Price Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of -1,617.80, a price-to-earnings-growth ratio of 4.48 and a beta of 1.25. The stock’s fifty day moving average price is $31.72 and its 200-day moving average price is $22.83.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.10. Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The firm had revenue of $492.66 million during the quarter, compared to analyst estimates of $471.08 million. During the same quarter last year, the business posted $0.18 EPS. The company’s revenue was up 46.1% on a year-over-year basis. Equities research analysts predict that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently modified their holdings of the business. Financial Management Professionals Inc. grew its holdings in shares of Zeta Global by 45.0% during the third quarter. Financial Management Professionals Inc. now owns 1,025 shares of the company’s stock valued at $32,000 after buying an additional 318 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Zeta Global by 204.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock worth $33,000 after acquiring an additional 1,406 shares in the last quarter. Cornerstone Planning Group LLC boosted its position in 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 acquiring an additional 867 shares during the period. Signaturefd LLC boosted its position in Zeta Global by 121.6% during the 3rd quarter. Signaturefd LLC now owns 1,148 shares of the company’s stock worth $36,000 after acquiring an additional 630 shares during the period. Finally, GK Wealth Management LLC purchased a new position in Zeta Global during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Company Profile

Zeta Global is a marketing technology company that helps businesses use consumer data and artificial intelligence to plan and deliver digital marketing. Its platform combines data, analytics and campaign tools to help organizations identify audiences and engage customers throughout the marketing lifecycle.

The company’s products support marketing activities such as customer acquisition, engagement and retention across channels including email, mobile, social media and the web. Zeta’s offerings include its Zeta Marketing Platform and the Zeta Data Cloud, which help clients manage audience insights and coordinate campaigns.

Founded in 2007 and headquartered in New York, Zeta Global serves businesses in multiple markets.