Zeta Global (NYSE:ZETA) Coverage Initiated at The Goldman Sachs Group

Investment analysts at The Goldman Sachs Group initiated coverage on shares of Zeta Global (NYSE:ZETA) in a report released on Wednesday, MarketBeat.com reports. The firm set a “neutral” rating and a $30.00 price target on the stock. The Goldman Sachs Group’s price target points to a potential upside of 37.87% from the company’s current price.

A number of other equities research analysts have also commented on the stock. KeyCorp lowered shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Barclays raised their price target on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Needham & Company LLC restated a “buy” rating and issued a $43.00 price objective on shares of Zeta Global in a research report on Tuesday. DA Davidson increased their price objective on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, Canaccord Genuity Group boosted their target price on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zeta Global presently has a consensus rating of “Moderate Buy” and an average target price of $37.86.

Zeta Global Trading Up 1.1 %

Shares of ZETA opened at $21.76 on Wednesday. The stock has a 50 day simple moving average of $26.31 and a 200-day simple moving average of $23.37. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $5.17 billion, a PE ratio of -31.09 and a beta of 1.12. Zeta Global has a 1 year low of $7.84 and a 1 year high of $38.20.

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 company had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. During the same period in the previous year, the business posted ($0.27) earnings per share. The firm’s revenue was up 42.0% compared to the same quarter last year. On average, sell-side analysts predict that Zeta Global will post -0.16 EPS for the current fiscal year.

Insider Activity at Zeta Global

In other Zeta Global news, CEO David Steinberg acquired 53,676 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the acquisition, the chief executive officer now directly owns 65,310 shares of the company’s stock, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Christopher E. Greiner acquired 7,975 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $18.80 per share, with a total value of $149,930.00. Following the completion of the transaction, the chief financial officer now directly owns 2,330,010 shares in the company, valued at $43,804,188. This trade represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 129,901 shares of company stock worth $2,471,244. 25.54% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates grew its stake in shares of Zeta Global by 236.3% during the 2nd quarter. Raymond James & Associates now owns 79,289 shares of the company’s stock worth $1,399,000 after acquiring an additional 55,709 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Zeta Global in the second quarter valued at $394,000. Washington Capital Management Inc. acquired a new stake in Zeta Global in the 2nd quarter valued at $401,000. Calamos Advisors LLC lifted its position in Zeta Global by 112.0% during the 2nd quarter. Calamos Advisors LLC now owns 174,188 shares of the company’s stock worth $3,074,000 after buying an additional 92,020 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Zeta Global by 38.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 611,357 shares of the company’s stock worth $10,790,000 after buying an additional 171,001 shares during the last quarter. 87.75% of the stock is currently 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.