On August 4, Zeta Global Holdings Corp. rose 5.11% in after-hours trading, trading at $24.7/share, with turnover of $10.07 million.
On the news front, the company released its latest quarterly earnings report after the closing bell, triggering a positive market reaction. Wall Street consensus had projected quarterly revenue of approximately $421 million, representing 41.77% year-over-year growth, with adjusted earnings per share of approximately $0.20, up 46.59% year-over-year. The optimism was underpinned by the company's Q1 performance, in which revenue of $396.3 million beat the $370.4 million estimate by nearly 7%, marking its 19th consecutive quarter of beating expectations and raising guidance.
Additional catalysts supporting sentiment include the recent closure of a $1 billion credit facility for refinancing, share buybacks, and M&A purposes, as well as a strategic partnership with Palantir to build enterprise-grade AI marketing infrastructure expected to drive over $100 million in revenue. RBC Capital maintains an Outperform rating with a $29 price target, citing AI-driven large-customer expansion and improving profitability visibility.
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