Zeta Global Holdings Corp. (NYSE:ZETA – Get Free Report)’s share price hit a new 52-week high on Tuesday. The stock traded as high as $34.92 and last traded at $34.40, with a volume of 2,283,819 shares. The stock had previously closed at $33.51.
Analysts Set New Price Targets
ZETA has been the topic of several recent research reports. William Blair set a $29.00 target price on Zeta Global in a research report on Thursday, August 6th. KeyCorp upped their price target on Zeta Global from $27.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday. Needham & Company LLC raised their price objective on shares of Zeta Global from $30.00 to $40.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Zeta Global in a report on Friday, July 17th. Finally, Wall Street Zen upgraded Zeta Global from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Eleven equities research 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $36.00.
Get Our Latest Analysis on Zeta Global
Zeta Global Price Performance
Zeta Global (NYSE:ZETA – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The business had revenue of $442.77 million during the quarter, compared to analysts’ expectations of $420.61 million. During the same quarter in the previous year, the company earned ($0.10) EPS. Zeta Global’s revenue for the quarter was up 43.6% on a year-over-year basis. Sell-side analysts expect that Zeta Global Holdings Corp. will post 0.21 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in ZETA. Contour Asset Management LLC boosted its holdings 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 during the last quarter. Bank of America Corp DE increased its holdings in Zeta Global by 47.7% in the first quarter. Bank of America Corp DE now owns 3,853,723 shares of the company’s stock valued at $61,351,000 after purchasing an additional 1,244,057 shares during the period. Granahan Investment Management LLC grew its holdings in Zeta Global by 110.3% during the 4th quarter. Granahan Investment Management LLC now owns 2,617,630 shares of the company’s stock worth $53,269,000 after acquiring an additional 1,373,164 shares during the period. Dimensional Fund Advisors LP boosted its stake in Zeta Global by 75.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,864,071 shares of the company’s stock worth $45,583,000 after acquiring an additional 1,234,412 shares in the last quarter. Finally, P2 Capital Partners LLC bought a new position in shares of Zeta Global in the 4th quarter worth $34,595,000. Institutional investors and hedge funds own 87.75% of the company’s stock.
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.
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