Zeta Global’s (ZETA) “Outperform” Rating Reiterated at William Blair

William Blair reaffirmed their outperform rating on shares of Zeta Global (NYSE:ZETAFree Report) in a research note issued to investors on Thursday morning,RTT News reports.

Other equities analysts also recently issued research reports about the company. KeyCorp downgraded Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Needham & Company LLC reiterated a “buy” rating and set a $43.00 price target on shares of Zeta Global in a report on Tuesday, December 10th. Bank of America upped their target price on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. DA Davidson boosted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Barclays lifted their target price on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $37.86.

Read Our Latest Research Report on ZETA

Zeta Global Trading Up 1.7 %

Shares of NYSE:ZETA opened at $19.40 on Thursday. The company has a market capitalization of $4.61 billion, a PE ratio of -27.71 and a beta of 1.12. The business’s fifty day simple moving average is $24.96 and its 200-day simple moving average is $23.52. Zeta Global has a 12-month low of $7.84 and a 12-month high of $38.20. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

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

Insider Activity at Zeta Global

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

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Juncture Wealth Strategies LLC raised its stake in Zeta Global by 3.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock worth $633,000 after purchasing an additional 634 shares in the last quarter. Essex Investment Management Co. LLC grew its position in Zeta Global by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock worth $9,137,000 after buying an additional 856 shares in the last quarter. Wolff Wiese Magana LLC bought a new position in Zeta Global during the 3rd quarter worth $26,000. HighTower Advisors LLC lifted its position in shares of Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock valued at $668,000 after acquiring an additional 892 shares during the period. Finally, Amalgamated Bank increased its position in shares of Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after purchasing an additional 948 shares during the period. Institutional investors own 87.75% of the company’s stock.

About Zeta Global

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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.

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