Zeta Global Holdings Corp (NYSE: ZETA): On The Right Track To A Higher Share Price

Zeta Global Holdings Corp (NYSE:ZETA) price on Wednesday, December 04, rose 9.95% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $26.31.

A look at the stock’s price movement, the close in the last trading session was $23.93, moving within a range at $24.24 and $27.78. The beta value (5-Year monthly) was 1.294. Turning to its 52-week performance, $38.20 and $7.65 were the 52-week high and 52-week low respectively. Overall, ZETA moved -4.05% over the past month.

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Zeta Global Holdings Corp’s market cap currently stands at around $6.25 billion, with investors looking forward to this quarter’s earnings report slated for in January.

Analysts have a consensus estimate of 294.85M for the company’s revenue for the quarter, with a low and high estimate of 290.84M and 297M respectively. The average forecast suggests up to a 40.19% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 985.97M, representing a 35.30% jump on that reported in the last financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that ZETA is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 9 recommend ZETA as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

ZETA’s current price about 8.44% and -3.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.35, while 7-day volatility ratio is 10.99% and 13.55% in the 30-day chart. Further, Zeta Global Holdings Corp (ZETA) has a beta value of 1.12, and an average true range (ATR) of 2.66. Analysts have given the company’s stock an average 52-week price target of $36, forecast between a low of $23 and high of $45. Looking at the price targets, the low is 12.58% off current price level while to achieve the yearly target high, price needs to move -71.04%. Nonetheless, investors will most likely welcome a -36.83% jump to $36 which is the analysts’ median price.

If we refocus on Zeta Global Holdings Corp (NYSE:ZETA), historical trading data shows that trading volumes averaged 12.49 over the past 10 days and 7.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 205.64 million shares.

The 22.56% of Zeta Global Holdings Corp’s shares are in the hands of company insiders while institutional holders own 64.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.19 million on 2024-11-15, giving us a short ratio of 1.53. The data shows that as of 2024-11-15 short interest in Zeta Global Holdings Corp (ZETA) stood at 710.0 of shares outstanding, with shares short rising to 8.7 million registered in 2024-10-15. Current price change has pushed the stock 198.30% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ZETA stock continues to rise going into the next quarter.

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