Zeta Global Holdings Corp. (NYSE:ZETA) Receives $37.86 Consensus Price Target from Analysts

Zeta Global Holdings Corp. (NYSE:ZETA) has received an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $37.64.

Several analysts recently issued reports on ZETA shares. DA Davidson upped their price objective on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada dropped their price target on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday. Oppenheimer boosted their price objective on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. KeyCorp downgraded Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Finally, Craig Hallum boosted their price target on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

Zeta Global Stock Down 0.7 %

ZETA opened at $18.61 on Friday. The company has a market cap of $4.42 billion, a PE ratio of -26.59 and a beta of 1.12. Zeta Global has a twelve month low of $7.84 and a twelve month high of $38.20. The company has a 50-day moving average price of $22.96 and a 200 day moving average price of $23.77. 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 (NYSE:ZETA) last released its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter last year, the business earned ($0.27) EPS. The business’s revenue was up 42.0% compared to the same quarter last year. Sell-side analysts expect that Zeta Global will post -0.16 earnings per share for the current fiscal year.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Imran Khan purchased 55,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was acquired at an average price of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the purchase, the director now directly owns 55,000 shares in the company, valued at approximately $1,042,800. The trade was 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 Zeta Global stock in a transaction dated 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 completion of the purchase, the chief financial officer now owns 2,330,010 shares of the company’s stock, valued at approximately $43,804,188. This represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 129,901 shares of company stock worth $2,471,244 over the last ninety days. Company insiders own 25.54% of the company’s stock.

Institutional Investors Weigh In On Zeta Global

Several large investors have recently bought and sold shares of ZETA. Raymond James & Associates lifted its stake in Zeta Global by 236.3% in the second 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 during the last quarter. Bank of New York Mellon Corp boosted its position 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 acquiring an additional 171,001 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Zeta Global by 17.6% in the 2nd quarter. Principal Financial Group Inc. now owns 22,220 shares of the company’s stock valued at $392,000 after acquiring an additional 3,326 shares during the last quarter. Natixis Advisors LLC acquired a new stake in shares of Zeta Global during the 2nd quarter worth about $248,000. Finally, Rhumbline Advisers lifted its stake in Zeta Global by 22.2% during the second quarter. Rhumbline Advisers now owns 229,432 shares of the company’s stock worth $4,049,000 after purchasing an additional 41,688 shares during the last quarter. Hedge funds and other 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.