Research Analysts Issue Forecasts for Zeta Global Holdings Corp.’s Q3 2024 Earnings (NYSE:ZETA)

Zeta Global Holdings Corp. (NYSE:ZETA) – Investment analysts at B. Riley lifted their Q3 2024 earnings per share (EPS) estimates for Zeta Global in a research note issued on Monday, September 30th. B. Riley analyst Z. Cummins now forecasts that the company will post earnings per share of ($0.10) for the quarter, up from their prior forecast of ($0.12). B. Riley has a “Buy” rating and a $37.00 price target on the stock. The consensus estimate for Zeta Global’s current full-year earnings is ($0.43) per share. B. Riley also issued estimates for Zeta Global’s Q4 2024 earnings at ($0.03) EPS, FY2024 earnings at ($0.51) EPS, Q1 2025 earnings at ($0.22) EPS, Q2 2025 earnings at ($0.10) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.44) EPS and FY2026 earnings at ($0.01) EPS.

A number of other research firms have also weighed in on ZETA. Royal Bank of Canada increased their target price on Zeta Global from $29.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Barclays increased their target price on Zeta Global from $18.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Needham & Company LLC increased their target price on Zeta Global from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley lowered Zeta Global from an “overweight” rating to an “equal weight” rating and increased their target price for the stock from $18.00 to $30.00 in a research note on Thursday, August 1st. Finally, Craig Hallum increased their target price on Zeta Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $34.25.

Zeta Global Stock Up 0.3 %

Shares of ZETA opened at $29.88 on Thursday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The business has a fifty day moving average of $25.46 and a 200 day moving average of $18.71. Zeta Global has a 52-week low of $7.38 and a 52-week high of $32.11. The company has a market cap of $6.54 billion, a PE ratio of -28.19 and a beta of 1.27.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). The company had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The firm’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.32) earnings per share.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently made changes to their positions in ZETA. Quest Partners LLC grew its stake 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 last quarter. Halpern Financial Inc. grew its stake in Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after purchasing an additional 830 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in Zeta Global in the second quarter valued at about $99,000. Amalgamated Bank grew its stake 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 last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in Zeta Global in the second quarter valued at about $105,000. Hedge funds and other institutional investors own 75.82% 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.