Zeta Global (NYSE:ZETA) Shares Up 8.7% – Still a Buy?

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price rose 8.7% during trading on Monday . The company traded as high as $18.62 and last traded at $18.6850. Approximately 2,730,204 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 8,525,926 shares. The stock had previously closed at $17.19.

Analyst Upgrades and Downgrades

ZETA has been the subject of several recent analyst reports. KeyCorp raised shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a report on Tuesday, April 28th. DA Davidson boosted their target price on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Royal Bank Of Canada increased their price target on Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. B. Riley Financial reaffirmed a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a research report on Monday, April 20th. Ten analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.83.

Zeta Global Trading Down 5.0%

The business has a 50 day moving average of $17.00 and a 200 day moving average of $18.16. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of -165.66, a PEG ratio of 2.89 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07.

Zeta Global (NYSE:ZETA) last released its earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.05. The firm had revenue of $394.64 million for the quarter, compared to analyst estimates of $378.09 million. Zeta Global had a positive return on equity of 2.91% and a negative net margin of 1.62%.The company’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. As a group, research analysts predict that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Zeta Global by 6.1% during the fourth quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock worth $469,094,000 after purchasing an additional 1,325,717 shares in the last quarter. Contour Asset Management LLC increased its position in shares of Zeta Global by 26.3% in the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock valued at $227,159,000 after buying an additional 2,327,907 shares in the last quarter. Disciplined Growth Investors Inc. MN bought a new stake in shares of Zeta Global in the 3rd quarter valued at $121,502,000. Goldman Sachs Group Inc. raised its stake in Zeta Global by 13.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company’s stock worth $113,603,000 after buying an additional 673,145 shares during the period. Finally, Capital World Investors lifted its holdings in Zeta Global by 0.7% during the fourth quarter. Capital World Investors now owns 5,013,776 shares of the company’s stock worth $102,030,000 after acquiring an additional 33,923 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Company Profile

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.