The Goldman Sachs Group Begins Coverage on Zeta Global (NYSE:ZETA)

Investment analysts at The Goldman Sachs Group began coverage on shares of Zeta Global (NYSE:ZETA) in a report released on Wednesday, MarketBeat reports. The brokerage set a “neutral” rating and a $30.00 price target on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 37.87% from the company’s current price.

A number of other analysts have also recently issued reports on ZETA. KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. DA Davidson increased their price target on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Truist Financial restated a “buy” rating and set a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $43.00 target price on shares of Zeta Global in a research note on Tuesday. Finally, Oppenheimer boosted their price target on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.86.

Zeta Global Trading Up 1.1 %

Shares of NYSE:ZETA opened at $21.76 on Wednesday. The company has a 50-day simple moving average of $26.31 and a 200 day simple moving average of $23.37. The company has a market capitalization of $5.17 billion, a P/E ratio of -31.09 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global has a 52-week low of $7.84 and a 52-week high of $38.20.

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

Insider Buying and Selling

In other Zeta Global news, CEO David Steinberg bought 53,676 shares of the stock in a transaction on Monday, November 18th. The stock was purchased at an average price 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 in the company, valued at $1,256,564.40. The trade was a 461.37 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Christopher E. Greiner bought 7,975 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $18.80 per share, with a total value of $149,930.00. Following the acquisition, the chief financial officer now directly owns 2,330,010 shares of the company’s stock, valued at approximately $43,804,188. The trade was a 0.34 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 129,901 shares of company stock worth $2,471,244. Company insiders own 25.54% of the company’s stock.

Institutional Investors Weigh In On Zeta Global

Hedge funds have recently modified their holdings of the company. Raymond James & Associates grew its holdings in Zeta Global by 236.3% during the 2nd 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 during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Zeta Global in the second quarter valued at about $394,000. Washington Capital Management Inc. acquired a new position in shares of Zeta Global in the second quarter worth approximately $401,000. Calamos Advisors LLC boosted its holdings in Zeta Global by 112.0% in the second quarter. Calamos Advisors LLC now owns 174,188 shares of the company’s stock valued at $3,074,000 after acquiring an additional 92,020 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Zeta Global by 38.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 611,357 shares of the company’s stock valued at $10,790,000 after purchasing an additional 171,001 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.

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.