Wall Street predicts Zeta Global Holdings Corp (ZETA) stock to drop by -5.6%

Zeta Global Holdings Corp [ZETA] stock prices are up 2.10% to $21.42 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ZETA shares have gain 8.79% over the last week, with a monthly amount glided 17.69%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Zeta Global Holdings Corp [NYSE: ZETA] stock has seen the most recent analyst activity on July 15, 2024, when Truist initiated its Buy rating and assigned the stock a price target of $23. Previously, RBC Capital Mkts started tracking the stock with Outperform rating on June 25, 2024, and set its price target to $20. On May 21, 2024, ROTH MKM reiterated its Buy rating and revised its price target to $33 on the stock. Morgan Stanley upgraded its rating to a Overweight and increased its price target to $17 on April 04, 2024. DA Davidson initiated its recommendation with a Buy and recommended $15 as its price target on April 03, 2024. B. Riley Securities started tracking with a Buy rating for this stock on December 09, 2022, and assigned it a price target of $13. In a note dated November 22, 2022, Credit Suisse initiated an Neutral rating and provided a target price of $9 on this stock.

The stock price of Zeta Global Holdings Corp [ZETA] has been fluctuating between $7.24 and $21.64 over the past year. Currently, Wall Street analysts expect the stock to reach $20.22 within the next 12 months. Zeta Global Holdings Corp [NYSE: ZETA] shares were valued at $21.42 at the most recent close of the market. An investor can expect a potential drop of -5.6% based on the average ZETA price forecast.

Analyzing the ZETA fundamentals

The Zeta Global Holdings Corp [NYSE:ZETA] reported sales of 766.07M for trailing twelve months, representing a surge of 23.70%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at -0.16%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.25, Equity is -0.79 and Total Capital is -0.32. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.01 points at the first support level, and at 20.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.84, and for the 2nd resistance point, it is at 22.25.

Ratios To Look Out For

It’s worth pointing out that Zeta Global Holdings Corp [NYSE:ZETA]’s Current Ratio is 1.89. As well, the Quick Ratio is 1.89, while the Cash Ratio is 0.88. Considering the valuation of this stock, the price to sales ratio is 6.12, the price to book ratio is 24.45.

Transactions by insiders

Recent insider trading involved Ravella Satish, Senior Vice President, Finance, that happened on Dec 15 ’23 when 5723.0 shares were sold. Senior Vice President, Finance, Ravella Satish completed a deal on Oct 17 ’23 to sell 5000.0 shares. Meanwhile, Senior Vice President, Finance Ravella Satish sold 804.0 shares on Oct 09 ’23.

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