Zeta Global Holdings Corp. (NASDAQ:ZETA) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) have earned an average rating of “Buy” from the fourteen research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $30.17.

Several analysts recently commented on ZETA shares. Bank of America boosted their price target on Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, June 24th. Craig Hallum increased their target price on shares of Zeta Global from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Barclays boosted their price target on shares of Zeta Global from $18.00 to $28.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Oppenheimer upped their price objective on shares of Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, Morgan Stanley lowered shares of Zeta Global from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $18.00 to $30.00 in a research note on Thursday, August 1st.

Zeta Global Stock Performance

ZETA opened at $30.24 on Wednesday. The firm’s fifty day simple moving average is $24.36 and its two-hundred day simple moving average is $17.95. Zeta Global has a 52-week low of $7.38 and a 52-week high of $30.25. The company has a market cap of $6.62 billion, a price-to-earnings ratio of -28.53 and a beta of 1.26. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The company had revenue of $227.80 million during the quarter, compared to analysts’ expectations of $212.44 million. During the same period in the prior year, the business posted ($0.32) earnings per share. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. Equities analysts anticipate that Zeta Global will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently modified their holdings of ZETA. Vanguard Group Inc. lifted its position in Zeta Global by 2.6% in the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock valued at $182,723,000 after buying an additional 431,077 shares during the last quarter. Granahan Investment Management LLC lifted its holdings in shares of Zeta Global by 15.3% in the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock worth $71,554,000 after acquiring an additional 1,076,208 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Zeta Global by 2.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock worth $33,125,000 after purchasing an additional 77,962 shares during the period. Capital World Investors acquired a new stake in Zeta Global in the 4th quarter valued at approximately $23,560,000. Finally, Ophir Asset Management Pty Ltd acquired a new stake in Zeta Global in the 4th quarter valued at approximately $19,682,000. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Company Profile

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.