Zeta Global Holdings Corp. (NASDAQ:ZETA) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) have been assigned a consensus rating of “Buy” from the twelve research firms that are covering the company, Marketbeat.com reports. Eleven investment analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $19.95.

Several equities research analysts recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 28th. B. Riley upped their price objective on Zeta Global from $15.50 to $18.50 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Craig Hallum lifted their target price on Zeta Global from $15.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Oppenheimer upped their price target on Zeta Global from $14.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Finally, Barclays lifted their price objective on Zeta Global from $15.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th.

Zeta Global Stock Down 2.4 %

NASDAQ:ZETA opened at $16.04 on Monday. Zeta Global has a 52 week low of $7.24 and a 52 week high of $18.58. The stock’s fifty day moving average is $14.78 and its two-hundred day moving average is $11.46. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of -15.13 and a beta of 1.23. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.96.

Zeta Global (NASDAQ:ZETA) last posted its earnings results on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.02. The firm had revenue of $195.00 million for the quarter, compared to analyst estimates of $187.16 million. Zeta Global had a negative return on equity of 101.48% and a negative net margin of 22.20%. Zeta Global’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.38) EPS. Research analysts anticipate that Zeta Global will post -0.38 EPS for the current year.

Institutional Trading of Zeta Global

Several institutional investors have recently modified their holdings of the stock. Halpern Financial Inc. raised its stake in Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after acquiring an additional 830 shares in the last quarter. Counterpoint Mutual Funds LLC increased its position in shares of Zeta Global by 9.4% during the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock worth $136,000 after purchasing an additional 1,065 shares in the last quarter. Essex Investment Management Co. LLC lifted its holdings in shares of Zeta Global by 0.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company’s stock valued at $2,486,000 after purchasing an additional 1,233 shares during the last quarter. Kennedy Capital Management LLC boosted its position in shares of Zeta Global by 2.4% in the 3rd quarter. Kennedy Capital Management LLC now owns 78,466 shares of the company’s stock valued at $655,000 after purchasing an additional 1,845 shares during the period. Finally, Blue Trust Inc. grew its stake in Zeta Global by 22.8% during the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock worth $92,000 after buying an additional 2,037 shares during the last quarter. Hedge funds and other institutional investors own 75.82% 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.