10 Best Performing Small-Cap Stocks in 2024

8. Zeta Global Holdings Corp. (NYSE:ZETA)

Year-to-Date Performance as of September 23: 233.15%

Market Cap as of September 23: $6.77 billion

Number of Hedge Fund Holders: 27

Zeta Global Holdings Corp. (NYSE:ZETA) operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software globally, helping businesses acquire, engage, and retain customers through personalized marketing campaigns, using data analytics and AI.

Revenue for Q2 2024 was $227.84 million, up 32.61% from the year-ago period. there was balanced growth across several industry verticals, with 6 out of 10 growing 25% or more. The direct mix was 67%, where rapid growth with agency Holdco customers adopting social channel capability was an influence. Integrated revenue grew 71% year-over-year in Q2.

The insurance and automotive verticals continued to grow faster than expected. The agency business also grew, driven by new brands. Scaled customer count increased 10% year-over-year to 468 in Q2. Total quarterly scaled customer ARPU was $479,000, up 22% year-over-year. This was fueled by superscale customers, many of which were large agencies adding incremental brands.

The company is raising its full-year 2024 outlook by $25 million to $925 million, representing 27% year-over-year growth. This is driven by the AI revolution, which is accelerating the replacement cycle of marketing technology. AI is disrupting legacy marketing clouds, creating opportunities for innovative, agile, AI-powered companies like Zeta Global Holdings Corp. (NYSE:ZETA).

Enterprises are looking to Zeta Global Holdings Corp. (NYSE:ZETA) to improve productivity, deliver personalization, and achieve a better ROI on marketing programs. The company has been focused on AI for years and has a large proprietary data cloud. Its platform integrates with modern data warehouses and has strong identity resolution capabilities. Recent partnerships with Amazon and the launch of the Zeta Economic Index demonstrate its commitment to providing unique, actionable business intelligence to enterprises.