Following The Money: Institution’s Growing Stake In Zeta Global Holdings Corp (NYSE: ZETA)

Zeta Global Holdings Corp (ZETA) concluded trading on Wednesday at a closing price of $21.42, with 5.08 million shares of worth about $108.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 115.49% during that period and on July 31, 2024 the price saw a gain of about 2.10%. Currently the company’s common shares owned by public are about 188.63M shares, out of which, 175.87M shares are available for trading.

Stock saw a price change of 8.79% in past 5 days and over the past one month there was a price change of 17.69%. Year-to-date (YTD), ZETA shares are showing a performance of 142.86% which increased to 132.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.24 but also hit the highest price of $21.64 during that period. The average intraday trading volume for Zeta Global Holdings Corp shares is 2.84 million. The stock is currently trading 11.55% above its 20-day simple moving average (SMA20), while that difference is up 20.95% for SMA50 and it goes to 78.79% higher than SMA200.

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Zeta Global Holdings Corp (NYSE: ZETA) currently have 188.63M outstanding shares and institutions hold larger chunk of about 59.88% of that.

The stock has a current market capitalization of $4.69B and its 3Y-monthly beta is at 1.21. It has posted earnings per share of -$1.06 in the same period. It has Quick Ratio of 1.89 while making debt-to-equity ratio of 0.96. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZETA, volatility over the week remained 5.26% while standing at 4.64% over the month.

Stock’s fiscal year EPS is expected to rise by 68.70% while it is estimated to increase by 173.76% in next year. EPS is likely to grow at an annualized rate of 30.00% for next 5-years, compared to annual growth of -42.41% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Truist on July 15, 2024 offering a Buy rating for the stock and assigned a target price of $23 to it. Coverage by RBC Capital Mkts stated Zeta Global Holdings Corp (ZETA) stock as an Outperform in their note to investors on June 25, 2024, suggesting a price target of $20 for the stock. On May 21, 2024, ROTH MKM Reiterated their recommendations, while on April 04, 2024, Morgan Stanley Upgrade their ratings for the stock with a price target of $17. Stock get a Buy rating from DA Davidson on April 03, 2024.

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