Zeta Global’s (ZETA) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Zeta Global (NYSE:ZETA) in a research note published on Tuesday,Benzinga reports. Royal Bank of Canada currently has a $43.00 price objective on the stock.

A number of other research firms have also recently weighed in on ZETA. B. Riley boosted their target price on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Craig Hallum boosted their target price on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Canaccord Genuity Group boosted their target price on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $43.00 price target on shares of Zeta Global in a report on Tuesday. Three investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.46.

Zeta Global Stock Performance

Shares of NYSE:ZETA opened at $21.45 on Tuesday. The company’s 50 day simple moving average is $26.63 and its 200 day simple moving average is $23.39. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of -30.64 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. Zeta Global has a 1 year low of $7.65 and a 1 year high of $38.20.

Zeta Global (NYSE:ZETA) last posted its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.27) EPS. As a group, research analysts predict that Zeta Global will post -0.16 EPS for the current fiscal year.

Insider Activity at Zeta Global

In other news, CFO Christopher E. Greiner bought 7,975 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,330,010 shares in the company, valued at approximately $43,804,188. This represents a 0.34 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David Steinberg purchased 53,676 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was bought at an average cost of $19.24 per share, with a total value of $1,032,726.24. Following the completion of the purchase, the chief executive officer now owns 65,310 shares of the company’s stock, valued at approximately $1,256,564.40. This represents a 461.37 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 129,901 shares of company stock worth $2,471,244 over the last quarter. Company insiders own 25.54% of the company’s stock.

Institutional Investors Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently bought and sold shares of ZETA. SOA Wealth Advisors LLC. bought a new stake in Zeta Global in the second quarter valued at $2,090,000. Raymond James & Associates increased its position in shares of Zeta Global by 236.3% during the second quarter. Raymond James & Associates now owns 79,289 shares of the company’s stock worth $1,399,000 after acquiring an additional 55,709 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Zeta Global during the second quarter worth about $394,000. Washington Capital Management Inc. bought a new stake in shares of Zeta Global during the second quarter worth about $401,000. Finally, Calamos Advisors LLC increased its position in shares of Zeta Global by 112.0% during the second quarter. Calamos Advisors LLC now owns 174,188 shares of the company’s stock worth $3,074,000 after acquiring an additional 92,020 shares in the last quarter. 75.82% of the stock is owned by institutional investors.

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.