Zeta Global (NYSE:ZETA) Trading 8.7% Higher – Should You Buy?

Zeta Global Holdings Corp. (NYSE:ZETA) rose 8.7% on Monday . The company traded as high as $18.62 and last traded at $18.6850. Approximately 2,730,204 shares were traded 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.

Analysts Set New Price Targets

Several research analysts have commented on the company. The Goldman Sachs Group lifted their target price on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Royal Bank Of Canada raised their price objective on Zeta Global from $27.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. KeyCorp raised Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research note on Tuesday, April 28th. DA Davidson upped their target price on Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Zeta Global has an average rating of “Moderate Buy” and an average price target of $28.33.

Zeta Global Stock Up 9.1%

The stock has a market cap of $4.58 billion, a price-to-earnings ratio of -170.53, a PEG ratio of 2.59 and a beta of 1.29. The stock has a 50 day simple moving average of $17.01 and a 200 day simple moving average of $18.15. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22.

Zeta Global (NYSE:ZETA) last issued 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 positive return on equity of 2.91% and a negative net margin of 1.62%.The company had revenue of $394.64 million for the quarter, compared to analyst estimates of $378.09 million. During the same period in the prior year, the firm earned $0.06 earnings per share. Zeta Global’s revenue for the quarter was up 25.4% on a year-over-year basis. As a group, analysts expect that Zeta Global Holdings Corp. will post 0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Zeta Global by 6.1% in the 4th quarter. Vanguard Group Inc. now owns 23,051,314 shares of the company’s stock valued at $469,094,000 after acquiring an additional 1,325,717 shares in the last quarter. Contour Asset Management LLC increased its holdings in Zeta Global by 26.3% during 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 in the last quarter. Disciplined Growth Investors Inc. MN purchased a new stake in shares of Zeta Global in the third quarter worth approximately $121,502,000. Goldman Sachs Group Inc. lifted its holdings in shares of Zeta Global by 13.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,582,446 shares of the company’s stock valued at $113,603,000 after purchasing an additional 673,145 shares in the last quarter. Finally, Capital World Investors boosted its position in shares of Zeta Global by 0.7% during the fourth quarter. Capital World Investors now owns 5,013,776 shares of the company’s stock valued at $102,030,000 after buying an additional 33,923 shares during the last quarter. 87.75% of the stock is owned by institutional investors.

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.