Zeta Global (NASDAQ:ZETA) Hits New 52-Week High at $12.45

Zeta Global Holdings Corp. (NASDAQ:ZETA)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $12.45 and last traded at $12.45, with a volume of 1711078 shares changing hands. The stock had previously closed at $12.28.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ZETA shares. TheStreet upgraded shares of Zeta Global from a “d+” rating to a “c-” rating in a report on Tuesday, January 30th. Needham & Company LLC reissued a “buy” rating and issued a $13.00 target price on shares of Zeta Global in a research note on Wednesday, February 28th. Barclays boosted their price objective on Zeta Global from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. Morgan Stanley upgraded shares of Zeta Global from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $12.00 to $17.00 in a report on Thursday, April 4th. Finally, DA Davidson initiated coverage on shares of Zeta Global in a research report on Wednesday, April 3rd. They set a “buy” rating and a $15.00 price target for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Zeta Global has a consensus rating of “Buy” and an average target price of $15.00.

Zeta Global Price Performance

The business’s 50 day moving average price is $11.04 and its 200 day moving average price is $9.59. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.02.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.36). The company had revenue of $210.00 million for the quarter, compared to analysts’ expectations of $207.53 million. Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.36) earnings per share. Equities research analysts anticipate that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZETA. Halpern Financial Inc. raised its position in shares of Zeta Global by 18.6% in the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after purchasing an additional 830 shares during the last quarter. Counterpoint Mutual Funds LLC grew its holdings in shares of Zeta Global by 9.4% during the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock valued at $136,000 after buying an additional 1,065 shares during the last quarter. Kennedy Capital Management LLC increased its position in shares of Zeta Global by 2.4% in the 3rd quarter. Kennedy Capital Management LLC now owns 78,466 shares of the company’s stock valued at $655,000 after acquiring an additional 1,845 shares during the period. Blue Trust Inc. raised its stake in Zeta Global by 22.8% in the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock worth $92,000 after acquiring an additional 2,037 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Zeta Global by 5.4% in the fourth quarter. Arizona State Retirement System now owns 43,351 shares of the company’s stock valued at $382,000 after buying an additional 2,215 shares during the last quarter. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

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.