Morgan Stanley Lowers Zeta Global (NYSE:ZETA) Price Target to $23.00

Zeta Global (NYSE:ZETA) had its price target lowered by Morgan Stanley from $26.00 to $23.00 in a research note published on Monday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other equities analysts have also weighed in on ZETA. Royal Bank of Canada cut their price objective on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Truist Financial restated a “buy” rating and issued a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Barclays upped their price target on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Oppenheimer lifted their target price on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $43.00 price target on shares of Zeta Global in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.43.

Zeta Global Trading Down 0.9 %

Shares of NYSE ZETA opened at $17.17 on Monday. The stock’s 50 day moving average price is $21.78 and its two-hundred day moving average price is $23.85. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global has a 52-week low of $8.76 and a 52-week high of $38.20. The stock has a market capitalization of $4.08 billion, a P/E ratio of -24.53 and a beta of 1.17.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data 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 company had revenue of $268.30 million during the quarter, compared to the consensus estimate 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 revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.27) earnings per share. On average, analysts anticipate that Zeta Global will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Zeta Global

In related news, CFO Christopher E. Greiner purchased 7,975 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the acquisition, the chief financial officer now owns 2,330,010 shares in the company, valued at approximately $43,804,188. This trade represents a 0.34 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David Steinberg acquired 53,676 shares of the firm’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 acquisition, the chief executive officer now directly owns 65,310 shares of the company’s stock, valued at $1,256,564.40. This represents a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is currently owned by company insiders.

Institutional Trading of Zeta Global

A number of institutional investors have recently bought and sold shares of ZETA. JPMorgan Chase & Co. boosted its stake in shares of Zeta Global by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after acquiring an additional 293,583 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Zeta Global by 31.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after purchasing an additional 413,577 shares in the last quarter. Empowered Funds LLC purchased a new position in Zeta Global in the 3rd quarter valued at $5,644,000. Qsemble Capital Management LP acquired a new stake in Zeta Global during the 3rd quarter worth $1,752,000. Finally, Victory Capital Management Inc. raised its position in shares of Zeta Global by 229.9% in the third quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock valued at $2,048,000 after buying an additional 47,849 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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.