Zeta Global (NYSE:ZETA) Shares Up 8.1% – Still a Buy?

Zeta Global Holdings Corp. (NYSE:ZETA)’s share price shot up 8.1% during mid-day trading on Wednesday . The stock traded as high as $17.42 and last traded at $17.52. 3,089,915 shares were traded during trading, a decline of 64% from the average session volume of 8,583,358 shares. The stock had previously closed at $16.20.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ZETA. DA Davidson lifted their price target on shares of Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Morgan Stanley lifted their price target on shares of Zeta Global from $23.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. The Goldman Sachs Group lifted their price target on shares of Zeta Global from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, B. Riley Financial raised shares of Zeta Global to a “strong-buy” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Zeta Global presently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

Zeta Global Stock Up 0.3%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market capitalization of $4.25 billion, a P/E ratio of -116.09, a price-to-earnings-growth ratio of 1.79 and a beta of 1.28. The stock’s fifty day simple moving average is $16.68 and its two-hundred day simple moving average is $18.40.

Zeta Global (NYSE:ZETA) last posted its earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.05. Zeta Global had a negative net margin of 2.42% and a positive return on equity of 1.35%. The firm had revenue of $394.64 million for the quarter, compared to analyst estimates of $378.09 million. During the same period in the previous year, the firm posted $0.06 EPS. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. As a group, research analysts expect that Zeta Global Holdings Corp. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Zeta Global by 6.1% in the 4th 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 during the period. Contour Asset Management LLC lifted 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 worth $227,159,000 after purchasing an additional 2,327,907 shares during the period. Disciplined Growth Investors Inc. MN acquired a new position in shares of Zeta Global in the 3rd quarter worth approximately $121,502,000. Goldman Sachs Group Inc. lifted its position in shares of Zeta Global by 13.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company’s stock worth $113,603,000 after purchasing an additional 673,145 shares during the period. Finally, Capital World Investors lifted its position in shares of Zeta Global by 0.7% in the 4th quarter. Capital World Investors now owns 5,013,776 shares of the company’s stock worth $102,030,000 after purchasing an additional 33,923 shares during the period. 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.