Is There More Upside Ahead For Zeta Global Holdings Corp (NYSE: ZETA)

Zeta Global Holdings Corp (ZETA) concluded trading on Thursday at a closing price of $25.95, with 2.37 million shares of worth about $61.41 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 147.14% during that period and on August 29, 2024 the price saw a gain of about 3.06%. Currently the company’s common shares owned by public are about 188.63M shares, out of which, 179.29M shares are available for trading.

Stock saw a price change of 9.63% in past 5 days and over the past one month there was a price change of 21.15%. Year-to-date (YTD), ZETA shares are showing a performance of 194.22% which increased to 223.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.38 but also hit the highest price of $25.97 during that period. The average intraday trading volume for Zeta Global Holdings Corp shares is 2.94 million. The stock is currently trading 8.53% above its 20-day simple moving average (SMA20), while that difference is up 25.69% for SMA50 and it goes to 90.59% 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 64.72% of that.

The stock has a current market capitalization of $5.71B and its 3Y-monthly beta is at 1.25. It has posted earnings per share of -$0.88 in the same period. It has Quick Ratio of 1.98 while making debt-to-equity ratio of 0.85. 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 4.10% while standing at 5.15% over the month.

Stock’s fiscal year EPS is expected to rise by 64.17% while it is estimated to increase by 143.95% 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 Morgan Stanley on August 01, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $18 and $30 to it. Coverage by Truist stated Zeta Global Holdings Corp (ZETA) stock as a Buy in their note to investors on July 15, 2024, suggesting a price target of $23 for the stock. On June 25, 2024, RBC Capital Mkts Initiated their recommendations, while on May 21, 2024, ROTH MKM Reiterated their ratings for the stock with a price target of $33. Stock get an Overweight rating from Morgan Stanley on April 04, 2024.

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