Zeta Global (NYSE:ZETA) Stock Price Up 6% – Here’s Why

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) were up 6% during trading on Wednesday. The company traded as high as $30.68 and last traded at $30.6880. 1,576,551 shares changed hands during trading, a decline of 81% from the average session volume of 8,482,517 shares. The stock had previously closed at $28.96.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ZETA shares. William Blair set a $29.00 target price on shares of Zeta Global in a research report on Thursday, August 6th. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. KeyCorp lifted their price objective on shares of Zeta Global from $22.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Needham & Company LLC boosted their target price on shares of Zeta Global from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Bank of America increased their target price on Zeta Global from $29.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.83.

Zeta Global Stock Up 2.6%

The business has a fifty day moving average price of $28.41 and a two-hundred day moving average price of $22.18. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.21. The company has a market cap of $8.13 billion, a price-to-earnings ratio of -1,619.65, a P/E/G ratio of 4.46 and a beta of 1.39.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.17). The company had revenue of $442.77 million for the quarter, compared to analyst estimates of $420.61 million. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.The business’s revenue for the quarter was up 43.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.10) earnings per share. On average, equities analysts predict that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current year.

Institutional Trading of Zeta Global

Institutional investors have recently bought and sold shares of the company. Contour Asset Management LLC boosted its holdings in Zeta Global by 26.3% in the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock worth $227,159,000 after purchasing an additional 2,327,907 shares in the last quarter. Norges Bank bought a new position in Zeta Global during the fourth quarter valued at about $46,975,000. P2 Capital Partners LLC acquired a new stake in shares of Zeta Global in the fourth quarter worth about $34,595,000. BNP Paribas Financial Markets lifted its position in shares of Zeta Global by 1,821.9% in the fourth quarter. BNP Paribas Financial Markets now owns 1,535,271 shares of the company’s stock worth $31,243,000 after buying an additional 1,455,387 shares during the last quarter. Finally, Granahan Investment Management LLC boosted its stake in shares of Zeta Global by 110.3% during the 4th quarter. Granahan Investment Management LLC now owns 2,617,630 shares of the company’s stock worth $53,269,000 after acquiring an additional 1,373,164 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Company Profile

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company’s offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.