William Blair Reaffirms Outperform Rating for Zeta Global (NYSE:ZETA)

William Blair reiterated their outperform rating on shares of Zeta Global (NYSE:ZETA) in a report released on Thursday,RTT News reports.

A number of other brokerages have also commented on ZETA. Bank of America lifted their price target on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Needham & Company LLC reissued a “buy” rating and set a $43.00 target price on shares of Zeta Global in a report on Tuesday, December 10th. Truist Financial reiterated a “buy” rating and set a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Craig Hallum increased their price objective on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Morgan Stanley cut their target price on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Zeta Global has an average rating of “Moderate Buy” and an average price target of $37.86.

Zeta Global Stock Up 1.7 %

Shares of NYSE ZETA opened at $19.40 on Thursday. The stock has a 50-day moving average price of $24.96 and a two-hundred day moving average price of $23.52. Zeta Global has a 12 month low of $7.84 and a 12 month high of $38.20. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a market cap of $4.61 billion, a price-to-earnings ratio of -27.71 and a beta of 1.12.

Zeta Global (NYSE:ZETA) last issued its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The company had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The business’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.27) EPS. As a group, analysts forecast that Zeta Global will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Zeta Global

Large investors have recently added to or reduced their stakes in the business. Juncture Wealth Strategies LLC grew its stake in shares of Zeta Global by 3.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock worth $633,000 after acquiring an additional 634 shares in the last quarter. Essex Investment Management Co. LLC grew its position in Zeta Global by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock valued at $9,137,000 after buying an additional 856 shares during the period. Wolff Wiese Magana LLC purchased a new position in Zeta Global in the third quarter valued at about $26,000. HighTower Advisors LLC raised its holdings in shares of Zeta Global by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock worth $668,000 after purchasing an additional 892 shares during the period. Finally, Amalgamated Bank lifted 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. Institutional investors own 87.75% of the company’s stock.

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.