Should You Invest In Zeta Global Holdings Corp (NYSE: ZETA) In 2024?

In the last trading session, 11.76 million Zeta Global Holdings Corp (NYSE:ZETA) shares changed hands as the company’s beta touched 1.12. With the company’s per share price at $23.93 changed hands at -$0.08 or -0.33% during last session, the market valuation stood at $5.68B. ZETA’s last price was a discount, traded about -59.63% off its 52-week high of $38.20. The share price had its 52-week low at $7.65, which suggests the last value was 68.03% up since then. When we look at Zeta Global Holdings Corp’s average trading volume, we note the 10-day average is 13.19 million shares, with the 3-month average coming to 6.98 million.

Analysts gave the Zeta Global Holdings Corp (ZETA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.53. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ZETA as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Zeta Global Holdings Corp’s EPS for the current quarter is expected to be 0.23.

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Zeta Global Holdings Corp (NYSE:ZETA) trade information

Instantly ZETA was in red as seen at the end of in last trading. With action 12.51%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 171.32%, with the 5-day performance at 12.51% in the green. However, in the 30-day time frame, Zeta Global Holdings Corp (NYSE:ZETA) is -14.20% down. Looking at the short shares, we see there were 13.19 million shares sold at short interest cover period of 1.53 days.

The consensus price target for the stock as assigned by Wall Street analysts is 35.5, meaning bulls need an upside of 32.59% from its current market value. According to analyst projections, ZETA’s forecast low is 17 with 45 as the target high. To hit the forecast high, the stock’s price needs a -88.05% plunge from its current level, while the stock would need to tank 28.96% for it to hit the projected low.

Zeta Global Holdings Corp (ZETA) estimates and forecasts

Data shows that the Zeta Global Holdings Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 52.91% over the past 6 months, a 71.43% in annual growth rate that is considerably higher than the industry average of 16.80%. Year-over-year growth is forecast to reach 35.30% up from the last financial year.

Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 294.85M. 12 analysts are of the opinion that Zeta Global Holdings Corp’s revenue for the current quarter will be 255.88M. The company’s revenue for the corresponding quarters a year ago was 210.32M and 194.95M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 40.19%. The estimates for the next quarter sales put growth at 31.25%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -42.41%. The 2024 estimates are for Zeta Global Holdings Corp earnings to increase by 149.95%, but the outlook for the next 5-year period is at 38.15% per year.

ZETA Dividends

Zeta Global Holdings Corp is expected to release its next quarterly earnings report in January.

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

If we look at who the major shareholders are, we find that insiders hold 9.60% of Zeta Global Holdings Corp shares while 75.61% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 83.64%. There are 75.61% institutions holding the Zeta Global Holdings Corp stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.1115% of the shares, roughly 19.03 million ZETA shares worth $335.82 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.3139% or 14.24 million shares worth $251.27 million as of 2024-06-30.