Zeta Global Holdings Corp. (NYSE: ZETA) stock jumped 0.39% on Friday to $7.82 against a previous-day closing price of $7.79. With 3.47 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.0 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $7.84 whereas the lowest price it dropped to was $7.62. The 52-week range on ZETA shows that it touched its highest point at $11.28 and its lowest point at $5.78 during that stretch. It currently has a 1-year price target of $13.78. Beta for the stock currently stands at 1.31.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ZETA was down-trending over the past week, with a drop of -3.69%, but this was up by 1.30% over a month. Three-month performance dropped to -14.35% while six-month performance fell -24.37%. The stock gained 0.39% in the past year, while it has lost -4.28% so far this year. A look at the trailing 12-month EPS for ZETA yields -1.57 with Next year EPS estimates of 0.48. For the next quarter, that number is 0.09. This implies an EPS growth rate of 31.90% for this year and 40.47% for next year.
Float and Shares Shorts:
At present, 154.60 million ZETA shares are outstanding with a float of 138.40 million shares on hand for trading. On Aug 30, 2023, short shares totaled 8.64 million, which was 4.03% higher than short shares on Jul 30, 2023. In addition to Mr. David A. Steinberg as the firm’s Co-Founder, Chairman & CEO, Dr. John Sculley III, Ph.D. serves as its Co-Founder & Independent Vice Chairman.
Through their ownership of 55.52% of ZETA’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 28.63% of ZETA, in contrast to 23.52% held by mutual funds. Shares owned by individuals account for 20.95%. As the largest shareholder in ZETA with 8.93% of the stake, GPI Capital LP holds 16,289,746 shares worth 16,289,746. A second-largest stockholder of ZETA, The Vanguard Group, Inc., holds 14,558,523 shares, controlling over 7.98% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in ZETA, holding 8,647,771 shares or 4.74% stake. With a 2.27% stake in ZETA, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 4,140,218 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 1.94% of ZETA stock, is the second-largest Mutual Fund holder. It holds 3,530,965 shares valued at 28.71 million. Vanguard Information Technology I holds 1.67% of the stake in ZETA, owning 3,045,954 shares worth 24.76 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, ZETA reported revenue of $137.30M and operating income of -$77.09M. The EBITDA in the recently reported quarter was -$69.47M and diluted EPS was -$0.63.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ZETA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ZETA analysts setting a high price target of $21.00 and a low target of $10.00, the average target price over the next 12 months is $13.70. Based on these targets, ZETA could surge 168.54% to reach the target high and rise by 27.88% to reach the target low. Reaching the average price target will result in a growth of 75.19% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded ZETA stock several times over the past three months with 9 Buys and 3 Sells. In these transactions, 131,729 shares were bought while 23,745 shares were sold. The number of buy transactions has increased to 25 while that of sell transactions has risen to 49 over the past year. The total number of shares bought during that period was 2,530,322 while 3,706,631 shares were sold.