Zeta Global (NYSE:ZETA) Trading 8.7% Higher – Here’s What Happened

Zeta Global Holdings Corp. (NYSE:ZETA) was up 8.7% during trading on Monday . The company traded as high as $18.62 and last traded at $18.6850. Approximately 2,730,204 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 8,525,926 shares. The stock had previously closed at $17.19.

Analysts Set New Price Targets

ZETA has been the subject of several recent analyst reports. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. B. Riley Financial restated a “buy” rating on shares of Zeta Global in a research report on Friday, May 1st. The Goldman Sachs Group upped their price target on shares of Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Royal Bank Of Canada increased their price target on shares of Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Finally, DA Davidson boosted their price objective on shares of Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

Zeta Global Stock Performance

The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $4.58 billion, a P/E ratio of -170.53, a P/E/G ratio of 2.59 and a beta of 1.29. The company’s 50 day moving average is $17.01 and its 200 day moving average is $18.15.

Zeta Global (NYSE:ZETA) last posted its earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Zeta Global had a negative net margin of 1.62% and a positive return on equity of 2.91%. The firm had revenue of $394.64 million for the quarter, compared to analysts’ expectations of $378.09 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The company’s revenue was up 25.4% on a year-over-year basis. As a group, equities analysts predict that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. grew its holdings in shares of Zeta Global by 34.2% during the first quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock worth $62,000 after purchasing an additional 1,168 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Zeta Global by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock worth $1,442,000 after buying an additional 4,631 shares during the period. Caxton Associates LLP bought a new stake in Zeta Global during the 1st quarter worth approximately $205,000. Woodline Partners LP bought a new stake in Zeta Global during the 1st quarter worth approximately $222,000. Finally, Strs Ohio acquired a new position in Zeta Global in the 1st quarter valued at approximately $117,000. 87.75% of the stock is currently owned by institutional investors.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.