NEW YORK - Zeta Global (NYSE: ZETA), a leader in AI-powered marketing solutions, has announced a partnership with RallyPoint, a prominent digital platform for military personnel and Veterans. This collaboration aims to enhance the support network for the military and Veteran community by leveraging Zeta's artificial intelligence capabilities to improve RallyPoint's member engagement and communication channels.
The partnership, which aligns with the upcoming Independence Day celebrations, will enable RallyPoint to amplify its services in critical areas such as recruiting, readiness, transition assistance, and mental health support for Veterans, their families, and caregivers. Zeta's advanced AI-powered platform is set to play a crucial role in expanding RallyPoint's community reach, which includes American service members, Veterans, and their networks.
Additionally, the alliance will facilitate the US government's access to Zeta's capabilities, offering potential benefits to government agencies serving the military and Veteran communities. This opens a new market for Zeta, where its technology can be utilized for public sector advantages.
David A. Steinberg, Co-Founder, Chairman, and CEO of Zeta Global, emphasized the company's commitment to supporting military service members and Veterans. He highlighted the importance of providing access to necessary resources and connections, bridging the gap between government departments and organizations in the private and public sectors.
RallyPoint CEO David Gowel expressed the partnership's intent to broaden their outreach to Americans who are serving or have served, including their families and caregivers. Gowel noted that Zeta's market-leading assets and capabilities would enable RallyPoint to offer more personalized and timely support, ensuring comprehensive assistance to the community.
The collaboration is poised to transform how military personnel and Veterans connect with essential resources, fostering a robust and supportive network for those who have dedicated themselves to the nation's service.
This partnership announcement is based on a press release statement and reflects the latest strategic move by Zeta Global to apply its AI-driven marketing expertise in the service of the military and Veteran community.
In other recent news, Zeta Global has launched the Zeta Economic Index (ZEI), a unique measure of the US economy's status, leveraging its proprietary data and Generative AI to analyze consumer behavior and provide real-time snapshots of economic trends. This is in line with the company's recent developments, including the appointment of Imran Khan, a prominent figure in the technology investment sector, to its Board of Directors. Analysts from RBC Capital and BofA Securities have shown confidence in Zeta Global's position in the market, initiating an Outperform rating and raising the stock price target to $20.00, respectively. Needham has also upgraded the price target for Zeta Global from $18.00 to $20.00, citing the company's ongoing innovation and strong demand. For the fiscal year 2024, analysts have projected robust financial health for Zeta Global, with estimated revenue at $897.1 million and an EBITDA estimate of $170.2 million. These recent developments underline a promising trajectory for Zeta Global in the digital marketing sector.
InvestingPro Insights
As Zeta Global (NYSE: ZETA) cements its partnership with RallyPoint to enhance the lives of military personnel and Veterans, the company's financial health and market performance provide a backdrop to the potential impact of this collaboration. Here are some key insights from InvestingPro that shed light on Zeta's current market position:
With a significant 23.1% revenue growth over the last twelve months as of Q1 2024, Zeta demonstrates a robust upward trajectory in its financial performance. This growth is further emphasized by a 23.7% quarterly revenue growth in Q1 2024, indicating a strong start to the year. Additionally, the company's gross profit margin stands at a healthy 61.23%, showcasing its ability to maintain profitability amidst its operational activities.
Investors and analysts alike are taking note of Zeta's market activities, with a notable 10.91% return over the last week and a 74.16% return over the last three months. This positive trend is supported by the fact that Zeta is trading near its 52-week high, with a price 93.89% of that peak value. Moreover, four analysts have revised their earnings upwards for the upcoming period, reflecting a growing confidence in Zeta's financial outlook.
While Zeta operates with a moderate level of debt and has liquid assets that exceed short-term obligations, it's important to note that the company has not been profitable over the last twelve months. Despite this, analysts predict that Zeta will turn profitable this year, which could be a pivotal moment for the company.
To gain deeper insights into Zeta Global's financial health and market performance, consider exploring additional InvestingPro Tips that can provide a comprehensive analysis of the company's prospects. With a total of 13 tips available, including the significant return over the last week and high return over the last year, InvestingPro offers valuable guidance for investors. For those interested in a subscription, use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
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