Zeta Global Holdings Corp. (NYSE:ZETA) Receives Consensus Rating of “Moderate Buy” from Analysts

Zeta Global Holdings Corp. (NYSE:ZETA) has received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat reports. Three 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 ratings on the stock in the last year is $39.08.

Several equities analysts have commented on ZETA shares. Craig Hallum upped their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Royal Bank of Canada increased their price target on shares of Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Morgan Stanley reduced their price objective on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday. Barclays increased their target price on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Roth Mkm boosted their price target on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ZETA. Geode Capital Management LLC increased its position in Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after purchasing an additional 674,192 shares in the last quarter. Barclays PLC increased its holdings in shares of Zeta Global by 36.4% during the third quarter. Barclays PLC now owns 420,518 shares of the company’s stock worth $12,544,000 after buying an additional 112,238 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Zeta Global in the 3rd quarter valued at $734,000. State Street Corp boosted its holdings in shares of Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after acquiring an additional 455,944 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in Zeta Global by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after acquiring an additional 892 shares during the last quarter. Institutional investors own 75.82% of the company’s stock.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $19.58 on Thursday. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of -27.97 and a beta of 1.29. Zeta Global has a one year low of $7.65 and a one year high of $38.20. The stock’s 50-day moving average is $28.44 and its 200-day moving average is $22.67. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Zeta Global (NYSE:ZETA) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) 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 business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same quarter in the prior year, the company earned ($0.27) EPS. Zeta Global’s quarterly revenue was up 42.0% on a year-over-year basis. Equities analysts predict that Zeta Global will post -0.45 earnings per share for the current fiscal 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.