Zeta Global (NYSE:ZETA) Given New $40.00 Price Target at Royal Bank of Canada

Zeta Global (NYSE:ZETA) had its price target reduced by Royal Bank of Canada from $43.00 to $40.00 in a report published on Friday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on ZETA. Needham & Company LLC restated a “buy” rating and issued a $43.00 target price on shares of Zeta Global in a research note on Tuesday, December 10th. Barclays upped their price objective on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. Oppenheimer upped their price target on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Finally, Craig Hallum lifted their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Four investment 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. According to data from MarketBeat.com, Zeta Global has an average rating of “Moderate Buy” and a consensus price target of $37.64.

Zeta Global Stock Performance

Zeta Global stock opened at $18.61 on Friday. 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 has a 12 month low of $7.84 and a 12 month high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The stock’s 50-day moving average is $22.96 and its 200-day moving average is $23.66.

Zeta Global (NYSE:ZETA) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.09) 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 analysts’ expectations 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 for the quarter was up 42.0% compared to the same quarter last year. During the same period last year, the business earned ($0.27) earnings per share. Equities analysts anticipate that Zeta Global will post -0.16 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Imran Khan purchased 55,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the acquisition, the director now owns 55,000 shares in the company, valued at $1,042,800. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Christopher E. Greiner acquired 7,975 shares of the company’s stock in a transaction on Monday, November 18th. The stock was bought at an average price of $18.80 per share, for a total transaction of $149,930.00. Following the purchase, 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 disclosure for this purchase can be found here. In the last quarter, insiders have purchased 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Zeta Global

Several large investors have recently made changes to their positions in the company. Wolff Wiese Magana LLC bought a new stake in shares of Zeta Global during the 3rd quarter worth $26,000. Farther Finance Advisors LLC lifted its position in Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after acquiring an additional 1,360 shares during the last quarter. Covestor Ltd boosted its holdings in 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 acquiring an additional 1,451 shares during the period. Advisors Asset Management Inc. grew its position in shares of Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares during the last quarter. Finally, Quest Partners LLC increased its stake in shares of Zeta Global by 1,718.9% in 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 during the period. 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.