04:38 AM EST, 11/14/2024 (MT Newswires) -- Zeta Global ( ZETA ) said late Wednesday its board authorized a stock repurchase program for up to $100 million of the company's Class A common stock through Dec. 31, 2026.

Shares of the company soared 16% in premarket activity Thursday.

The move supplements Zeta's existing buyback authorized in August 2022 under which $14.7 million remained available for use as of Sept. 30 before the program's expiration Dec. 31.

"We are confident Zeta is well-positioned to accelerate growth in 4Q'24, 2025, and beyond," Chief Executive Officer David Steinberg said.

Price: 20.70, Change: +2.94, Percent Change: +16.55