The stock of Zeta Global Holdings Corp. (NYSE:ZETA) last traded at $8.55, down -1.16% from the previous session.
Data from the available sources indicates that Zeta Global Holdings Corp. (NYSE:ZETA) is covered by 11 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $21.00 and a low of $9.00, we find $12.50. Given the previous closing price of $8.65, this indicates a potential upside of 44.51 percent. ZETA stock price is now 0.79% away from the 50-day moving average and 10.49% away from the 200-day moving average. The market capitalization of the company currently stands at $1.72B.
In total, 2 analysts have assigned it a hold rating, and 7 have given it a buy rating. Brokers who have rated the stock have averaged $12.70 as their price target over the next twelve months.
With the price target of $13, B. Riley Securities recently initiated with Buy rating for Zeta Global Holdings Corp. (NYSE: ZETA). On November 22, 2022, Credit Suisse recently initiated its ‘Neutral’ rating on the stock quoting a target price of $9, while ‘Oppenheimer’ rates the stock as ‘Outperform’.
In other news, NIEHAUS ROBERT H, Director sold 56,958 shares of the company’s stock on Dec 14. The stock was sold for $517,179 at an average price of $9.08. Upon completion of the transaction, the Director now directly owns 16,311,202 shares in the company, valued at $139.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 13, Director NIEHAUS ROBERT H sold 68,513 shares of the business’s stock. A total of $633,060 was realized by selling the stock at an average price of $9.24. This leaves the insider owning 16,368,160 shares of the company worth $139.95 million. Insiders disposed of 6,496,759 shares of company stock worth roughly $55.55 million over the past 1 year. A total of 9.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ZETA stock. A new stake in Zeta Global Holdings Corp. shares was purchased by SG CAPITAL MANAGEMENT LLC during the first quarter worth $2,903,000. MILLRACE ASSET GROUP, INC. invested $2,420,000 in shares of ZETA during the first quarter. In the first quarter, JACOBS LEVY EQUITY MANAGEMENT, INC acquired a new stake in Zeta Global Holdings Corp. valued at approximately $2,367,000. DIVISADERO STREET CAPITAL MANAGEMENT, LP acquired a new stake in ZETA for approximately $1,368,000. NORDEA INVESTMENT MANAGEMENT AB purchased a new stake in ZETA valued at around $1,177,000 in the second quarter. In total, there are 146 active investors with 57.70% ownership of the company’s stock.
With an opening price of $8.70 on Wednesday morning, Zeta Global Holdings Corp. (NYSE: ZETA) set off the trading day. During the past 12 months, Zeta Global Holdings Corp. has had a low of $4.09 and a high of $13.46. As of last week, the company has a debt-to-equity ratio of 1.69, a current ratio of 1.70, and a quick ratio of 1.70. The fifty day moving average price for ZETA is $8.48 and a two-hundred day moving average price translates $7.74 for the stock.
The latest earnings results from Zeta Global Holdings Corp. (NYSE: ZETA) was released for Jun, 2022. According to the Software – Application Company, earnings per share came in at -$0.03, missing analysts’ expectations of $0.03 by -0.06. This compares to -$0.53 EPS in the same period last year. The net profit margin was -52.40% and return on equity was -281.00% for ZETA. The company reported revenue of $152.25 million for the quarter, compared to $115.13 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 32.24 percent. For the current quarter, analysts expect ZETA to generate $141.16M in revenue.
Zeta Global Holdings Corp.(ZETA) Company Profile
Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. Its Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent. It also offers various types of product suites, such as opportunity explorer, and CDP+, which helps in consolidating multiple databases and internal and external data feeds and organize data based on needs and performance metrics. The company was incorporated in 2007 and is headquartered in New York, New York.