Zeta Global (NYSE:ZETA) Shares Up 6% – What’s Next?

Zeta Global Holdings Corp. (NYSE:ZETA)’s stock price shot up 6% during trading on Wednesday. The company traded as high as $30.68 and last traded at $30.6880. 1,576,551 shares traded hands during trading, a decline of 81% from the average daily volume of 8,482,517 shares. The stock had previously closed at $28.96.

Analyst Upgrades and Downgrades

ZETA has been the subject of several research reports. DA Davidson raised their price objective on shares of Zeta Global from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. B. Riley Financial reissued a “buy” rating and set a $32.00 price target (up from $30.00) on shares of Zeta Global in a research note on Wednesday, August 5th. William Blair set a $29.00 price target on shares of Zeta Global in a report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a report on Friday, July 17th. Finally, Freedom Capital lowered Zeta Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. 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’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $30.77.

Zeta Global Price Performance

The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of -1,565.00, a price-to-earnings-growth ratio of 4.09 and a beta of 1.43. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average is $27.92 and its two-hundred day moving average is $21.98.

Zeta Global (NYSE:ZETA) last released its earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). The business had revenue of $442.77 million for the quarter, compared to analyst estimates 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 was up 43.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.10) EPS. Equities research analysts anticipate that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC lifted its stake in Zeta Global by 4.3% in the second quarter. Integrated Wealth Concepts LLC now owns 11,262 shares of the company’s stock valued at $222,000 after buying an additional 469 shares during the period. Verus Capital Partners LLC increased its stake in shares of Zeta Global by 1.2% in the 4th quarter. Verus Capital Partners LLC now owns 49,100 shares of the company’s stock valued at $999,000 after acquiring an additional 600 shares during the last quarter. Essential Partners LLC raised its position in shares of Zeta Global by 30.9% in the 1st quarter. Essential Partners LLC now owns 2,670 shares of the company’s stock valued at $43,000 after acquiring an additional 630 shares during the period. SlateStone Wealth LLC raised its position in shares of Zeta Global by 3.9% in the 4th quarter. SlateStone Wealth LLC now owns 19,801 shares of the company’s stock valued at $403,000 after acquiring an additional 750 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in Zeta Global by 2.3% during the 4th quarter. Hsbc Holdings PLC now owns 34,938 shares of the company’s stock worth $724,000 after acquiring an additional 793 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

About Zeta Global

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company’s offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.