Why Zeta Global Holdings Corp. (ZETA) Went Up On Monday

Insider Monkey
25 Feb

We recently published a list of 10 Stocks Grow Firmer Despite Mixed Market Sentiment. In this article, we are going to take a look at where Zeta Global Holdings Corp. (NYSE:ZETA) stands against other stocks that grow firmer despite mixed market sentiment.

The stock market kicked off the first trading day of the week on a lackluster note, with major indices finishing mixed as it struggled to rebound from Friday’s bloodbath.

The Dow Jones was the sole gainer among the main indices, eking out a 0.08-percent gain. In contrast, the S&P 500 and the tech-heavy Nasdaq both fell 0.50 percent and 1.21 percent, respectively.

Meanwhile, ten companies registered strength, albeit posting only modest gains. This article details the reasons behind their performance.

To come up with Monday’s top gainers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A marketing manager looking at the data dashboard of a marketing automation software showing successful campaign results.

Zeta Global Holdings Corp. (NYSE:ZETA)

Zeta Global grew its share prices by 4.34 percent on Monday to finish at $21.63 apiece as investors repositioned their portfolios ahead of the release of its 2024 earnings performance.

ZETA is expected to announce its fourth-quarter earnings results after market close on February 25, Tuesday, where investors will be watching out for whether the company will beat or miss analysts’ expectations.

According to Zacks Research, the consensus estimate for its earnings is pegged at 23 cents per share, or a 35.3-percent rise year-on-year.

Meanwhile, Zacks Consensus Estimate for revenues in the fourth quarter alone is expected to settle at $295 million, or a 40.3-percent growth on a year-on-year basis.

Overall, ZETA ranks 6th on our list of stocks that grow firmer despite mixed market sentiment. While we acknowledge the potential of ZETA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as ZETA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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