Zeta Global Holdings Corp. (NYSE:ZETA) Receives $37.86 Consensus Price Target from Brokerages

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have been given an average recommendation of “Moderate Buy” by the sixteen brokerages that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $37.64.

Several analysts recently commented on the stock. KeyCorp downgraded shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. B. Riley upped their target price on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Barclays raised their price target on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Roth Mkm upped their price objective on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, Bank of America lifted their target price on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 26th.

Insiders Place Their Bets

In other Zeta Global news, CEO David Steinberg bought 53,676 shares of the business’s stock in a transaction on Monday, November 18th. The stock was bought at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the transaction, the chief executive officer now owns 65,310 shares in the company, valued at approximately $1,256,564.40. The trade was a 461.37 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven H. Gerber acquired 13,250 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $18.55 per share, with a total value of $245,787.50. Following the completion of 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. Over the last three months, insiders have purchased 129,901 shares of company stock worth $2,471,244. 25.54% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zeta Global

Hedge funds have recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after purchasing an additional 3,557,119 shares during the period. Lord Abbett & CO. LLC raised its holdings in Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after buying an additional 2,623,980 shares during the period. D. E. Shaw & Co. Inc. lifted its position in Zeta Global by 1,444.8% during the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock valued at $32,610,000 after buying an additional 1,728,005 shares in the last quarter. Summit Partners Public Asset Management LLC grew its stake in Zeta Global by 210.4% during the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after buying an additional 1,703,679 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in shares of Zeta Global in the second quarter worth $28,698,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Stock Performance

Shares of ZETA stock opened at $18.61 on Friday. The stock’s 50-day moving average is $22.96 and its two-hundred day moving average is $23.77. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global has a 1 year low of $7.84 and a 1 year high of $38.20. The firm 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 results 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 return on equity of 45.22% and a negative net margin of 13.35%. The firm had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter in the prior year, the business earned ($0.27) EPS. The company’s quarterly revenue was up 42.0% compared to the same quarter last year. Analysts predict that Zeta Global will post -0.16 earnings per share for the current year.

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.