Zeta Global Holdings Corp (NYSE: ZETA) Has Fallen -27.58% From Its Highs, What Comes Next?

Zeta Global Holdings Corp (NYSE:ZETA)’s traded shares stood at 3.23 million during the last session, with the company’s beta value hitting 1.28. At the close of trading, the stock’s price was $26.76, to imply an increase of 2.41% or $0.63 in intraday trading. The ZETA share’s 52-week high remains $34.14, putting it -27.58% down since that peak but still an impressive 72.42% since price per share fell to its 52-week low of $7.38. The company has a valuation of $6.16B, with an average of 3.77 million shares in intraday trading volume over the past 10 days and average of 3.50 million shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Zeta Global Holdings Corp (ZETA), translating to a mean rating of 1.40. Of 9 analyst(s) looking at the stock, 0 analyst(s) give ZETA a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 9 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.17.

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Zeta Global Holdings Corp (NYSE:ZETA) trade information

After registering a 2.41% upside in the last session, Zeta Global Holdings Corp (ZETA) has traded red over the past five days. The 5-day price performance for the stock is -4.09%, and -10.05% over 30 days. With these gigs, the year-to-date price performance is 203.40%. Short interest in Zeta Global Holdings Corp (NYSE:ZETA) saw shorts transact 9.09 million shares and set a 2.41 days time to cover.

The extremes give us $17 and $44 for target low and target high price respectively. As such, ZETA has been trading -64.42% off suggested target high and 36.47% from its likely low.

Zeta Global Holdings Corp (ZETA) estimates and forecasts

Looking at statistics comparing Zeta Global Holdings Corp share performance against respective industry, we note that the company has outperformed competitors. Zeta Global Holdings Corp (ZETA) shares are 107.60% up over the last 6 months, with its year-to-date growth rate higher than industry average at 62.86% against 18.90%. Revenue is forecast to grow 88.90% this quarter before jumping 31.20% for the next one. The rating firms project that company’s revenue will grow 29.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 13 analysts is 251.47M. Meanwhile, for the current quarter, a total of 13 analyst(s) estimate revenue growth to 267.43M.Earnings reports from the last fiscal year show that sales brought in 188.98M and 210.32M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 33.10% before jumping 27.20% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -42.41% for the past 5-year period. While 2024 is set for a 63.75% return in earnings, projections for the next 5 years are at 35.00% annually.

ZETA Dividends

Zeta Global Holdings Corp has its next earnings report out on 2024-Nov-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Zeta Global Holdings Corp (NYSE:ZETA)’s Major holders

Zeta Global Holdings Corp insiders hold 4.79% of total outstanding shares, with institutional holders owning 70.13% of the shares at 73.66% float percentage. In total, 70.13% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 19.03 million shares (or 11.1115% of shares), all amounting to roughly $335.82 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 14.24 million shares, or about 8.3139% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $251.27 million.

We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Zeta Global Holdings Corp (ZETA) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 5.12 shares. This is just over 2.65% of the total shares, with a market valuation of $136.9 million. Data from the same date shows that the other fund manager holds a little less at 4.65, or 2.41% of the shares, all valued at about 124.35 million.