Brokerages Set Zeta Global Holdings Corp. (NYSE:ZETA) PT at $35.00

Zeta Global Holdings Corp. (NYSE:ZETA) has been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $35.38.

ZETA has been the subject of several recent analyst reports. Canaccord Genuity Group raised their price objective on shares of Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Barclays cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective for the company. in a research note on Friday, October 18th. B. Riley raised their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price objective on shares of Zeta Global in a research note on Wednesday, October 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of Zeta Global in a research note on Wednesday, October 9th.

Institutional Investors Weigh In On Zeta Global

Institutional investors have recently bought and sold shares of the stock. Wolff Wiese Magana LLC purchased a new stake in Zeta Global in the third quarter valued at approximately $26,000. Quest Partners LLC grew its holdings in Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after purchasing an additional 2,183 shares during the period. CWM LLC grew its holdings in Zeta Global by 1,682.3% in the third quarter. CWM LLC now owns 5,240 shares of the company’s stock valued at $156,000 after purchasing an additional 4,946 shares during the period. Point72 Hong Kong Ltd purchased a new stake in Zeta Global in the second quarter valued at approximately $99,000. Finally, Amalgamated Bank grew its holdings in Zeta Global by 20.0% in the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after purchasing an additional 948 shares during the period. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

Zeta Global Stock Down 1.8 %

Shares of NYSE:ZETA opened at $26.40 on Friday. The company has a market cap of $5.78 billion, a price-to-earnings ratio of -24.91 and a beta of 1.27. The firm’s 50-day simple moving average is $27.63 and its 200-day simple moving average is $20.57. 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 has a fifty-two week low of $7.38 and a fifty-two week high of $34.14.

Zeta Global (NYSE:ZETA) last issued its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.26). The firm had revenue of $227.80 million during the quarter, compared to analysts’ expectations of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm’s revenue was up 32.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.32) EPS. As a group, equities research analysts predict that Zeta Global will post -0.41 earnings per share for the current year.

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.