Zeta Global Holdings Corp. (NYSE:ZETA) Given Average Rating of “Buy” by Analysts

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have been assigned an average rating of “Buy” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $40.23.

A number of analysts recently issued reports on ZETA shares. DA Davidson boosted their price target on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a report on Tuesday. Bank of America boosted their price target on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Oppenheimer boosted their price target on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday. Craig Hallum boosted their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, KeyCorp began coverage on shares of Zeta Global in a research note on Tuesday, October 22nd. They issued an “overweight” rating and a $40.00 price objective for the company.

Zeta Global Stock Down 37.2 %

Shares of NYSE:ZETA opened at $17.73 on Thursday. Zeta Global has a 1 year low of $7.65 and a 1 year high of $38.20. The business has a 50 day simple moving average of $28.90 and a two-hundred day simple moving average of $22.48. The firm has a market capitalization of $3.90 billion, a PE ratio of -25.33 and a beta of 1.29. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results 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). The firm had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.27) EPS. On average, equities analysts predict that Zeta Global will post -0.45 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

A number of large investors have recently made changes to their positions in ZETA. Wolff Wiese Magana LLC acquired a new position in shares of Zeta Global during the third quarter worth $26,000. Quest Partners LLC increased its position in shares of Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares in the last quarter. Covestor Ltd grew its holdings in shares of Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after buying an additional 1,451 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in shares of Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after buying an additional 1,136 shares during the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

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.