Zeta Global Holdings Corp. (NYSE:ZETA) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have been assigned an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $37.86.

Several equities analysts recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a report on Tuesday, December 10th. Morgan Stanley cut their price target on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, November 15th. Craig Hallum lifted their price objective on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Oppenheimer upped their price objective on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Finally, Barclays raised their target price on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th.

Insider Activity

In other news, CFO Christopher E. Greiner purchased 7,975 shares of the company’s stock in a transaction on Monday, November 18th. The shares were purchased at an average price of $18.80 per share, with a total value 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 $43,804,188. This trade represents a 0.34 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Steven H. Gerber acquired 13,250 shares of Zeta Global stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $18.55 per share, with a total value of $245,787.50. Following the completion of the transaction, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 129,901 shares of company stock worth $2,471,244 over the last quarter. 25.54% of the stock is currently owned by company insiders.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wolff Wiese Magana LLC acquired a new position in Zeta Global during the third quarter worth $26,000. Quest Partners LLC boosted its stake in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after buying an additional 2,183 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after acquiring an additional 1,360 shares in the last quarter. Covestor Ltd increased its position in shares of Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after acquiring an additional 1,451 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after acquiring an additional 1,136 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Stock Up 4.2 %

Shares of ZETA opened at $18.74 on Friday. The business’s fifty day moving average price is $23.12 and its two-hundred day moving average price is $23.64. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of -26.77 and a beta of 1.12. Zeta Global has a 52 week low of $7.84 and a 52 week high of $38.20. 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 (NYSE:ZETA) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. During the same quarter in the previous year, the business earned ($0.27) earnings per share. Zeta Global’s revenue for the quarter was up 42.0% compared to the same quarter last year. On average, analysts predict that Zeta Global will post -0.16 earnings per share for the current year.

About Zeta Global

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.