Royal Bank of Canada Cuts Zeta Global (NYSE:ZETA) Price Target to $40.00

Zeta Global (NYSE:ZETA) had its price objective lowered by equities research analysts at Royal Bank of Canada from $43.00 to $40.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential upside of 114.94% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. B. Riley raised their price objective on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Roth Mkm lifted their price target on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Craig Hallum lifted their target price on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group started coverage on shares of Zeta Global in a report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 price objective for the company. Finally, Bank of America raised their price target on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.64.

Zeta Global Trading Down 0.7 %

NYSE ZETA opened at $18.61 on Friday. Zeta Global has a 52 week low of $7.84 and a 52 week high of $38.20. The business has a 50 day moving average price of $22.96 and a 200-day moving average price of $23.71. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a market cap of $4.42 billion, a price-to-earnings ratio of -26.59 and a beta of 1.12.

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

Insider Buying and Selling at Zeta Global

In other Zeta Global news, CEO David Steinberg bought 53,676 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the transaction, the chief executive officer now directly owns 65,310 shares in the company, valued at $1,256,564.40. This represents a 461.37 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Imran Khan purchased 55,000 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the transaction, the director now owns 55,000 shares in the company, valued at approximately $1,042,800. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders purchased 129,901 shares of company stock valued at $2,471,244 in the last quarter. 25.54% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors have recently made changes to their positions in ZETA. FMR LLC lifted its position in Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after buying an additional 3,557,119 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Zeta Global by 85.0% during the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after purchasing an additional 2,623,980 shares during the period. D. E. Shaw & Co. Inc. increased its stake in shares of Zeta Global by 1,444.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after buying an additional 1,728,005 shares during the period. Summit Partners Public Asset Management LLC boosted its position in Zeta Global by 210.4% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock valued at $74,978,000 after buying an additional 1,703,679 shares during the period. Finally, William Blair Investment Management LLC purchased a new position in shares of Zeta Global in the second quarter valued at about $28,698,000. Institutional investors own 87.75% of the company’s stock.

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.