Zeta Global (NASDAQ:ZETA) Reaches New 1-Year High at $12.45

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

Wall Street Analyst Weigh In

ZETA has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Zeta Global from a “d+” rating to a “c-” rating in a report on Tuesday, January 30th. DA Davidson began coverage on shares of Zeta Global in a report on Wednesday, April 3rd. They issued a “buy” rating and a $15.00 target price on the stock. Barclays lifted their price target on Zeta Global from $14.00 to $15.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. William Blair restated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 28th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $13.00 target price on shares of Zeta Global in a research note on Wednesday, February 28th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Zeta Global currently has an average rating of “Buy” and an average price target of $15.00.

Zeta Global Trading Up 3.5 %

The company’s fifty day simple moving average is $11.04 and its two-hundred day simple moving average is $9.59. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.02.

Zeta Global (NASDAQ:ZETA) last posted its earnings results on Tuesday, February 27th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $210.00 million for the quarter, compared to analyst estimates of $207.53 million. During the same period in the prior year, the business posted ($0.36) EPS. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. As a group, equities analysts forecast that Zeta Global Holdings Corp. will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Large investors have recently added to or reduced their stakes in the stock. Halpern Financial Inc. increased its holdings in Zeta Global by 18.6% in the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after buying an additional 830 shares during the period. Optas LLC bought a new stake in Zeta Global during the fourth quarter worth $88,000. Blue Trust Inc. boosted its holdings in shares of 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 purchasing an additional 2,037 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Zeta Global in the 4th quarter valued at $100,000. Finally, SlateStone Wealth LLC acquired a new position in shares of Zeta Global during the 1st quarter worth $135,000. Institutional investors and hedge funds 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.