Zeta Global (NYSE:ZETA) Reaches New 1-Year High – Should You Buy?

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $32.81 and last traded at $30.7870, with a volume of 4776891 shares traded. The stock had previously closed at $31.35.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Needham & Company LLC raised their price objective on shares of Zeta Global from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. 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 report on Wednesday, August 5th. Freedom Capital downgraded Zeta Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Bank of America raised their target price on Zeta Global from $29.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Zeta Global has an average rating of “Moderate Buy” and an average target price of $30.77.

Zeta Global Stock Performance

The company has a market capitalization of $7.64 billion, a P/E ratio of -1,529.80, a price-to-earnings-growth ratio of 4.42 and a beta of 1.43. The firm has a 50 day moving average price of $25.12 and a two-hundred day moving average price of $20.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38.

Zeta Global (NYSE:ZETA) last announced its 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 business had revenue of $442.77 million for the quarter, compared to the consensus estimate of $420.61 million. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.Zeta Global’s revenue for the quarter was up 43.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.10) EPS. On average, research analysts expect that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Insider Activity at Zeta Global

In related news, Director Jeanine Silberblatt sold 7,500 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the sale, the director owned 50,350 shares in the company, valued at approximately $1,001,461.50. This represents a 12.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.74% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZETA. Advisors Asset Management Inc. boosted its holdings in shares of Zeta Global by 34.2% in the 1st quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock valued at $62,000 after purchasing an additional 1,168 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Zeta Global by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock valued at $1,442,000 after acquiring an additional 4,631 shares during the last quarter. Caxton Associates LLP bought a new position in Zeta Global during the 1st quarter worth $205,000. Woodline Partners LP bought a new stake in shares of Zeta Global in the 1st quarter valued at $222,000. Finally, Strs Ohio bought a new stake in Zeta Global during the first quarter valued at $117,000. 87.75% of the stock is owned by institutional investors and hedge funds.

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.