Zeta Global (NYSE:ZETA) Trading 7.1% Higher – Here’s Why

Zeta Global Holdings Corp. (NYSE:ZETA) shot up 7.1% on Monday . The stock traded as high as $19.22 and last traded at $18.82. 4,226,434 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 3,109,907 shares. The stock had previously closed at $17.58.

Analysts Set New Price Targets

Several analysts recently commented on the company. Royal Bank of Canada boosted their price target on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. KeyCorp lowered shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday. B. Riley raised their price target on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Canaccord Genuity Group upped their price objective on shares of Zeta Global from $35.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Oppenheimer raised their target price on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.08.

Zeta Global Trading Up 12.5 %

The business has a fifty day moving average price of $28.57 and a two-hundred day moving average price of $22.62. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $4.35 billion, a PE ratio of -26.87 and a beta of 1.29.

Zeta Global (NYSE:ZETA) last announced its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period last year, the business earned ($0.27) EPS. Analysts expect that Zeta Global Holdings Corp. will post -0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors and hedge funds have recently modified their holdings of the company. Swiss National Bank boosted its holdings in Zeta Global by 1.3% during the 1st quarter. Swiss National Bank now owns 309,600 shares of the company’s stock valued at $3,384,000 after acquiring an additional 4,000 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of Zeta Global by 99.3% in the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock valued at $6,062,000 after purchasing an additional 276,294 shares in the last quarter. ProShare Advisors LLC increased its stake in Zeta Global by 9.7% during the 1st quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock worth $276,000 after buying an additional 2,236 shares during the period. Entropy Technologies LP acquired a new stake in Zeta Global during the 1st quarter worth approximately $153,000. Finally, Vanguard Group Inc. boosted its position in Zeta Global by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock valued at $182,723,000 after buying an additional 431,077 shares during the period. Hedge funds and other institutional investors own 75.82% of the company’s stock.

About Zeta Global

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.