Needham & Company LLC Reaffirms “Buy” Rating for Zeta Global (NYSE:ZETA)

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a report issued on Thursday,Benzinga reports. They currently have a $43.00 price objective on the stock. Needham & Company LLC’s price objective points to a potential upside of 131.76% from the company’s previous close.

ZETA has been the topic of a number of other research reports. Oppenheimer raised their target price on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Truist Financial reissued a “buy” rating and set a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Morgan Stanley cut their price objective on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Roth Mkm raised their target price on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Finally, Canaccord Genuity Group boosted their price target on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.43.

Zeta Global Price Performance

Shares of ZETA opened at $18.55 on Thursday. The business’s fifty day moving average is $20.96 and its 200 day moving average is $23.77. Zeta Global has a 12-month low of $9.23 and a 12-month high of $38.20. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.41 billion, a P/E ratio of -26.51, a P/E/G ratio of 1.28 and a beta of 1.17.

Zeta Global (NYSE:ZETA) last posted its earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business 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 firm earned ($0.27) earnings per share. The company’s revenue was up 42.0% on a year-over-year basis. Sell-side analysts anticipate that Zeta Global will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at Zeta Global

In other news, CFO Christopher E. Greiner purchased 7,975 shares of the stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the transaction, the chief financial officer now directly owns 2,330,010 shares of the company’s stock, valued at approximately $43,804,188. This trade represents a 0.34 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, COO Steven H. Gerber acquired 13,250 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was purchased at an average price of $18.55 per share, with a total value of $245,787.50. Following the completion of the acquisition, the chief operating officer now directly owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This represents a 0.45 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 129,901 shares of company stock valued at $2,471,244 in the last 90 days. Corporate insiders own 25.54% of the company’s stock.

Hedge Funds Weigh In On Zeta Global

Several institutional investors and hedge funds have recently made changes to their positions in ZETA. JPMorgan Chase & Co. lifted its stake in shares of Zeta Global by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock valued at $37,015,000 after acquiring an additional 293,583 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Zeta Global by 31.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock valued at $51,980,000 after purchasing an additional 413,577 shares during the period. Empowered Funds LLC purchased a new stake in shares of Zeta Global during the third quarter valued at approximately $5,644,000. Qsemble Capital Management LP bought a new position in shares of Zeta Global in the third quarter worth approximately $1,752,000. Finally, Victory Capital Management Inc. increased its stake in shares of Zeta Global by 229.9% in the third quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock worth $2,048,000 after buying an additional 47,849 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.