Zeta Global (NYSE:ZETA) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Zeta Global (NYSE:ZETA) in a report released on Thursday,Benzinga reports. Needham & Company LLC currently has a $43.00 target price on the stock.

Several other brokerages have also recently issued reports on ZETA. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a research note on Thursday, December 19th. Truist Financial reissued a “buy” rating and set a $42.00 price target (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Barclays upped their price objective on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Oppenheimer raised their price target on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada cut their price target on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $37.43.

Zeta Global Trading Down 1.4 %

Shares of NYSE ZETA opened at $18.55 on Thursday. The stock’s 50 day moving average price is $20.62 and its two-hundred day moving average price is $23.82. Zeta Global has a 52-week low of $9.23 and a 52-week high of $38.20. The stock has a market capitalization of $4.41 billion, a P/E ratio of -26.51, a PEG ratio of 1.28 and a beta of 1.17. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

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. On average, analysts anticipate that Zeta Global will post -0.16 earnings per share for the current fiscal year.

Insider Transactions at Zeta Global

In other news, CFO Christopher E. Greiner bought 7,975 shares of the company’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the transaction, the chief financial officer now owns 2,330,010 shares of the company’s stock, valued at $43,804,188. This trade represents a 0.34 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Steven H. Gerber purchased 13,250 shares of Zeta Global stock in a transaction on Monday, November 18th. The stock was bought at an average price 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 position. The disclosure for this purchase can be found here. Insiders bought a total of 129,901 shares of company stock worth $2,471,244 over the last quarter. Company insiders own 25.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. 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 buying an additional 2,183 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in Zeta Global in the second quarter worth approximately $1,916,000. DekaBank Deutsche Girozentrale bought a new position in shares of Zeta Global during the 2nd quarter valued at $105,000. Renaissance Technologies LLC lifted its stake in shares of Zeta Global by 85.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after acquiring an additional 929,800 shares during the last quarter. Finally, Amalgamated Bank lifted its position 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 and hedge funds 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.