Top Thtee Mid-Cap Stocks to Watch This Week: Zeta Global, eToro, Ondas

This article looks at three mid-cap stocks to watch this week: Zeta Global, eToro , and Ondas as they publish their earnings.

US stocks have pulled back over the past few weeks, with the Nasdaq 100 Index falling 14% from its high this year. The S&P 500 and the Dow Jones Industrial Average have dropped 6% and 6.3% from their respective peaks. This article looks at three mid-cap stocks to watch this week: Zeta Global (NYSE:ZETA), eToro (NASDAQ:ETOR), and Ondas (NASDAQ:ONDS).

Zeta Global Stock in Focus Ahead of Its Earnings

Zeta Global is a top company in the technology industry, where it offers solutions to advertisers and agencies. Its software gives large brands acquire, grow, and retain customers by personalizing marketing across channels.

Zeta Global will publish its earnings report on Monday, which will provide more hints on its business. Analysts expect the upcoming report to show that its revenue rose by 40% in the third quarter to $471 million, with its earnings-per-share hitting 27 cents. The last earnings report showed that Zeta Global’s revenue rose 44% in the second quarter to $443 million.

A key risk for Zeta is that its business has become highly overvalued, with the forward price-to-earnings ratio rising to 33, much higher than the sector median of 19.2.

eToro Stock Has Fallen as its Growth Slows

eToro stock has been in a strong sell-off this year and is now hovering near its all-time low. It has slumped by 47% from its highest point this year and by 71% from its all-time high.

eToro’s drop has coincided with that of other companies that went public last year, like Bullish, Gemini Space Station, and Circle Internet Group. The retreat also happened as Bitcoin (CRYPTO: BTC) and other altcoins dropped.

The company’s net contribution rose by 9% in the second quarter to $229 million, while its assets under administration rose by 10% to $19.2 billion.

Benzinga data shows that analysts expect revenue of $186 million this week, down 13.14% from a year earlier, with earnings per share falling to 28 cents from 53 cents in the same period last year.

Ondas to Publish Earnings as Short Interest Jumps

Ondas stock has been in a sharp sell-off over the past few months, erasing most of its gains from earlier this year. It has dropped by more than 65% from its high this year, a big win for short sellers, given that about 45% of its float is sold short.

The company will publish its earnings this week, with analysts expecting revenue of $148 million. That growth is being driven by continued government orders for its drones. In a statement on Friday, the company said it aims to start producing 10 low-cost ULTRA ISR aircraft per month in the US from 2028. It also secured a multi-million-dollar contract for its Counter UAS products in Europe and Asia, while its order book has soared.

The other top mid-cap stocks to watch this week are neoclouds like CoreWeave and Nebius, Hims & Hers, Corteva, Venture Global, and On Holding.

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