Royal Bank of Canada Has Lowered Expectations for Zeta Global (NYSE:ZETA) Stock Price

Zeta Global (NYSE:ZETA) had its price target decreased by stock analysts at Royal Bank of Canada from $43.00 to $40.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 114.94% from the stock’s previous close.

A number of other analysts have also weighed in on ZETA. Canaccord Genuity Group raised their target price on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley decreased their price target 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. DA Davidson boosted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group initiated coverage on shares of Zeta Global in a report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 target price on the stock. Finally, Oppenheimer boosted their target price on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Four 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.64.

Zeta Global Trading Down 0.7 %

Shares of Zeta Global stock opened at $18.61 on Friday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. Zeta Global has a 1 year low of $7.84 and a 1 year high of $38.20. The company’s fifty day simple moving average is $22.96 and its 200-day simple moving average is $23.71. The company has a market cap of $4.42 billion, a price-to-earnings ratio of -26.59 and a beta of 1.12.

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 analysts’ consensus estimates 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 firm had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. As a group, sell-side analysts expect that Zeta Global will post -0.16 EPS for the current year.

Insiders Place Their Bets

In other news, Director Imran Khan acquired 55,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the purchase, the director now directly owns 55,000 shares of the company’s stock, valued at $1,042,800. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Steven H. Gerber bought 13,250 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $18.55 per share, with a total value of $245,787.50. Following the completion of the purchase, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, 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. Insiders have acquired a total of 129,901 shares of company stock worth $2,471,244 in the last quarter. 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. Wolff Wiese Magana LLC bought a new stake in shares of Zeta Global during the third quarter worth about $26,000. Farther Finance Advisors LLC raised its position in shares of Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after acquiring an additional 1,360 shares during the last quarter. Covestor Ltd boosted its holdings in Zeta Global by 2,902.0% in the third 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 last quarter. Advisors Asset Management Inc. raised its holdings in Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after purchasing an additional 1,136 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in shares of Zeta Global by 1,718.9% in the 2nd 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. Institutional investors own 87.75% 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.