Zeta Global Holdings Corp. (NASDAQ:ZETA) Receives $19.95 Average Price Target from Brokerages

Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) have been given an average rating of “Buy” by the twelve ratings firms that are currently covering the company, MarketBeat reports. Eleven research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $20.15.

ZETA has been the topic of a number of research reports. Bank of America lifted their price target on shares of Zeta Global from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. DA Davidson lifted their price target on shares of Zeta Global from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Needham & Company LLC lifted their price target on shares of Zeta Global from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday. Craig Hallum lifted their price target on shares of Zeta Global from $15.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Finally, Canaccord Genuity Group raised shares of Zeta Global to a “strong-buy” rating in a research note on Tuesday, May 7th.

Hedge Funds Weigh In On Zeta Global

A number of large investors have recently modified their holdings of ZETA. Insight Wealth Strategies LLC bought a new position in Zeta Global during the 4th quarter valued at $922,000. George Kaiser Family Foundation lifted its stake in Zeta Global by 891.8% during the 4th quarter. George Kaiser Family Foundation now owns 237,383 shares of the company’s stock valued at $2,094,000 after acquiring an additional 213,448 shares in the last quarter. Legato Capital Management LLC bought a new position in Zeta Global during the 4th quarter valued at $929,000. Vanguard Group Inc. lifted its stake in Zeta Global by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,915,616 shares of the company’s stock valued at $132,895,000 after acquiring an additional 991,678 shares in the last quarter. Finally, Scalar Gauge Management LLC bought a new position in Zeta Global during the 4th quarter valued at $6,411,000. 75.82% of the stock is currently owned by institutional investors.

Zeta Global Trading Down 2.9 %

ZETA opened at $15.60 on Monday. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $3.41 billion, a PE ratio of -14.72 and a beta of 1.23. Zeta Global has a 1-year low of $7.24 and a 1-year high of $18.58. The firm has a 50-day moving average price of $14.93 and a two-hundred day moving average price of $11.59.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.02. The company had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. Zeta Global’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.38) EPS. As a group, equities analysts anticipate that Zeta Global will post -0.38 earnings per share for the current fiscal year.

Zeta Global Company Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company's Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry's opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.