8 Unstoppable Tech Stocks to Buy Now

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

Year-to-date Share Price Gain as of September 10: 206.07%

Number of Hedge Fund Holders: 27

Zeta Global Holdings Corp. (NYSE:ZETA) is a technology company that helps businesses with consumer intelligence and marketing automation through its cloud platform. The platform leverages artificial intelligence and trillions of consumer signals helping businesses grow, acquire, and retain customers.

The company is differentiated through its huge amount of data acquired from more than 450 scaled enterprise customers. Moreover, it is the largest single omnichannel marketing platform that combines identity, intelligence, and data.

Artificial intelligence has significantly boosted Zeta Global Holdings Corp’s. (NYSE:ZETA) progress, it has created more than 400 intelligent agents for its customers and increased conversion rates by more than 300% in June alone.

It has been growing its customer base significantly, during the latest quarter, Q2 2024, the number of scaled customers increased 10% year-over-year. What’s even more impressive is its Super Scaled customers growth rate, which grew 22% year-over-year. Super Scaled customers are those from which the company generates more than $1 million in revenue on a trailing twelve-month basis.

Strong growth across the board, with 6 out of 10 industry verticals of Zeta Global Holdings Corp. (NYSE:ZETA) posting 25% growth led to a robust increase in revenue and earnings. Revenue for the company grew 33% to $227.8 million and adjusted EBITDA grew 44% to $38.5 million year-over-year.

Management has increased its revenue guidance midpoint by $25 million indicating continued growth throughout the year. The stock was held by 27 hedge funds in Q2 2024, with total positions totaling $442.77 million. GPI Capital is the top shareholder of the company, with a position worth $180.68 million.