Zeta Global Holdings Corp (NYSE:ZETA) price on Tuesday, December 24, rose 0.05% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $18.74.
A look at the stock’s price movement, the close in the last trading session was $18.73, moving within a range at $18.14 and $18.91. The beta value (5-Year monthly) was 1.294. Turning to its 52-week performance, $38.20 and $7.84 were the 52-week high and 52-week low respectively. Overall, ZETA moved -16.22% over the past month.
Zeta Global Holdings Corp’s market cap currently stands at around $4.45 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 294.93M 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 40.23% 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 986.04M, representing a 35.31% 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 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 -13.83% and -24.08% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.34, while 7-day volatility ratio is 6.53% and 8.29% in the 30-day chart. Further, Zeta Global Holdings Corp (ZETA) has a beta value of 1.15, and an average true range (ATR) of 1.85. 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 -22.73% off current price level while to achieve the yearly target high, price needs to move -140.13%. Nonetheless, investors will most likely welcome a -92.1% 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 6.75 over the past 10 days and 8.06 million over the past 3 months. The company’s latest data on shares outstanding shows there are 205.64 million shares.
The 21.06% of Zeta Global Holdings Corp’s shares are in the hands of company insiders while institutional holders own 64.16% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.54 million on 2024-11-29, giving us a short ratio of 1.26. The data shows that as of 2024-11-29 short interest in Zeta Global Holdings Corp (ZETA) stood at 836.9999999999999 of shares outstanding, with shares short rising to 13.42 million registered in 2024-10-31. Current price change has pushed the stock 112.59% 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.
