Zeta Global Shares Beat Peers To Rise 125% In 2024: Breaking Down The Numbers
Zeta Global Holdings Corp (NYSE:ZETA), a marketing technology company specializing in AI-powered marketing solutions has outperformed the NYSE Composite index in 2024, while its peers have underperformed the market. Based on its fundamental and technical analysis, should you buy, sell, or hold the stock? Here’s what analysts are saying.
Shares of Zeta were up 1.23% at $18.97 per share as of Thursday’s close. The stock was up 125.83% this year outperforming NYSE Composite, which rose by 14.98%.
Its peers, Freshworks Inc (NASDAQ:FRSH) was down 27.26%, and Temenos ADR (OTC:TMSNY) was down 21.52% in the same period.
The technical analysis of daily moving averages indicates a short-term bearish trend.
The stock ended at $18.97 apiece on Thursday. This was below its eight and 50-day simple moving average of $19.52 and $21.69, respectively. However, as per Benzinga Pro data, its current stock price was also lower than the 50-day moving average of $24.42, and its 200-day moving average of $24.42.
This implies that the stock is in a downtrend. On the other hand, the relative strength index of 38.38 suggests the stock’s movement is moderately oversold but still in the neutral zone.
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Two Of Zeta’s Clients Merge
Zeta Global stands to benefit …
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