Zeta Global (NYSE:ZETA) Coverage Initiated at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Zeta Global (NYSE:ZETA) in a research report sent to investors on Wednesday, MarketBeat reports. The firm issued a neutral rating and a $30.00 target price on the stock.

ZETA has been the subject of a number of other research reports. Oppenheimer increased their target price on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Canaccord Genuity Group upped their price target on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 price target on shares of Zeta Global in a report on Tuesday. Barclays upped their price target on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, Roth Mkm upped their price target on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.86.

Zeta Global Stock Up 2.8 %

ZETA stock opened at $22.34 on Wednesday. The firm has a fifty day moving average price of $26.13 and a two-hundred day moving average price of $23.40. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of -31.91 and a beta of 1.12. 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 has a 1-year low of $7.84 and a 1-year high of $38.20.

Zeta Global (NYSE:ZETA) last released its quarterly 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). The firm had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm’s revenue was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.27) EPS. Research analysts predict that Zeta Global will post -0.16 EPS for the current year.

Insider Buying and Selling at Zeta Global

In related news, CEO David Steinberg purchased 53,676 shares of the stock in a transaction on Monday, November 18th. The shares were purchased at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the transaction, the chief executive officer now directly owns 65,310 shares of the company’s stock, valued at $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Steven H. Gerber purchased 13,250 shares of the stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the transaction, the chief operating officer now directly owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. The trade was a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 129,901 shares of company stock worth $2,471,244. Corporate insiders own 25.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC bought a new stake in shares of Zeta Global during the 3rd quarter valued at $26,000. Farther Finance Advisors LLC lifted its position in shares of Zeta Global by 3,885.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after acquiring an additional 1,360 shares during the period. Covestor Ltd lifted its position in shares of Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after acquiring an additional 1,451 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after acquiring an additional 1,136 shares during the period. Finally, Quest Partners LLC lifted its position in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after acquiring an additional 2,183 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

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.