Zeta Global (NYSE:ZETA) Sets New 12-Month High – Time to Buy?

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $28.58 and last traded at $28.3180, with a volume of 3247420 shares traded. The stock had previously closed at $27.54.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. B. Riley Financial restated a “buy” rating and set a $32.00 price target (up from $30.00) on shares of Zeta Global in a research report on Wednesday, August 5th. Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a report on Sunday. Freedom Capital lowered Zeta Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. KeyCorp boosted their target price on shares of Zeta Global from $22.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group set a $28.00 target price on shares of Zeta Global and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Ten analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and a consensus target price of $30.31.

Zeta Global Stock Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a market capitalization of $7.10 billion, a P/E ratio of -1,425.00, a PEG ratio of 4.11 and a beta of 1.39. The business has a 50-day moving average price of $21.57 and a 200 day moving average price of $19.03.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The company had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. During the same period last year, the business earned ($0.10) EPS. The firm’s quarterly revenue was up 43.6% on a year-over-year basis. As a group, sell-side analysts forecast that Zeta Global Holdings Corp. will post 0.21 EPS for the current fiscal year.

Insider Buying and Selling at Zeta Global

In other news, Director Jeanine Silberblatt sold 7,500 shares of Zeta Global stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total value of $149,175.00. Following the completion of the transaction, the director owned 50,350 shares of the company’s stock, valued at $1,001,461.50. The trade was a 12.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.74% of the stock is owned by insiders.

Institutional Trading of Zeta Global

Several institutional investors have recently bought and sold shares of the company. Summit Creek Advisors LLC bought a new stake in Zeta Global during the 2nd quarter valued at about $6,338,000. Handelsbanken Fonder AB lifted its stake in shares of Zeta Global by 21.3% in the second quarter. Handelsbanken Fonder AB now owns 68,800 shares of the company’s stock worth $1,354,000 after buying an additional 12,100 shares in the last quarter. Evanson Financial LLC purchased a new stake in shares of Zeta Global during the second quarter valued at approximately $602,000. Central Pacific Bank Trust Division grew its holdings in shares of Zeta Global by 6.1% during the second quarter. Central Pacific Bank Trust Division now owns 28,913 shares of the company’s stock valued at $569,000 after buying an additional 1,670 shares during the last quarter. Finally, Moody National Bank Trust Division increased its position in shares of Zeta Global by 60.6% during the second quarter. Moody National Bank Trust Division now owns 126,430 shares of the company’s stock valued at $2,488,000 after acquiring an additional 47,705 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

About Zeta Global

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.