Zeta Global (NASDAQ:ZETA) Sets New 12-Month High on Better-Than-Expected Earnings

Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) hit a new 52-week high during mid-day trading on Monday following a stronger than expected earnings report. The stock traded as high as $13.11 and last traded at $12.95, with a volume of 272020 shares traded. The stock had previously closed at $12.82.

The company reported ($0.23) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.02. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 107.29%. Zeta Global’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.38) EPS.

Analyst Ratings Changes

ZETA has been the topic of a number of recent research reports. Craig Hallum upped their target price on Zeta Global from $15.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday. TheStreet upgraded shares of Zeta Global from a “d+” rating to a “c-” rating in a research note on Tuesday, January 30th. DA Davidson upped their price objective on shares of Zeta Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays lifted their price target on Zeta Global from $15.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Morgan Stanley raised their price objective on Zeta Global from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Tuesday. Eleven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $18.75.

Institutional Trading of Zeta Global

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Zeta Global by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock valued at $143,647,000 after purchasing an additional 370,912 shares during the last quarter. Granahan Investment Management LLC lifted its position in Zeta Global by 15.3% in the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after buying an additional 1,076,208 shares during the last quarter. Praesidium Investment Management Company LLC boosted its stake in Zeta Global by 1,549.5% during the fourth quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock worth $54,519,000 after buying an additional 5,806,578 shares during the period. Capital World Investors acquired a new stake in shares of Zeta Global during the fourth quarter valued at about $23,560,000. Finally, Ophir Asset Management Pty Ltd purchased a new stake in shares of Zeta Global in the 4th quarter valued at approximately $19,682,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

Zeta Global Price Performance

The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.02. The stock’s 50-day moving average is $11.33 and its two-hundred day moving average is $9.77.

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.