Zeta Global Holdings Corp. (NASDAQ:ZETA) Given Average Rating of “Buy” by Analysts

Zeta Global Holdings Corp. (NASDAQ:ZETAGet Rating) has been assigned a consensus rating of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $13.39.

Several equities analysts recently weighed in on ZETA shares. Needham & Company LLC restated a “buy” rating and set a $13.00 target price on shares of Zeta Global in a report on Thursday, February 24th. Craig Hallum initiated coverage on Zeta Global in a research report on Monday, February 7th. They issued a “buy” rating and a $14.00 target price for the company. They noted that the move was a valuation call. Oppenheimer upgraded Zeta Global from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Thursday, April 7th. Finally, Zacks Investment Research lowered Zeta Global from a “hold” rating to a “sell” rating in a research report on Friday, April 22nd.

In other news, major shareholder Gpi Capital Gemini Holdco Lp sold 4,000,000 shares of the stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $11.40, for a total transaction of $45,600,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Several hedge funds have recently modified their holdings of ZETA. Bank of America Corp DE acquired a new stake in shares of Zeta Global during the 2nd quarter valued at approximately $38,000. JPMorgan Chase & Co. acquired a new stake in shares of Zeta Global during the fourth quarter worth $48,000. Geode Capital Management LLC bought a new position in shares of Zeta Global in the 3rd quarter worth about $66,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Zeta Global in the 4th quarter valued at about $123,000. Finally, Means Investment CO. Inc. bought a new stake in shares of Zeta Global during the 3rd quarter valued at about $125,000. 22.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:ZETA opened at $10.83 on Monday. The business has a 50-day moving average of $11.50 and a two-hundred day moving average of $9.79. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.85 and a current ratio of 1.85. Zeta Global has a 12 month low of $5.27 and a 12 month high of $13.46.

Zeta Global (NASDAQ:ZETAGet Rating) last posted its earnings results on Wednesday, February 23rd. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.10). The company had revenue of $134.85 million for the quarter, compared to analysts’ expectations of $122.78 million. As a group, equities research analysts anticipate that Zeta Global will post -1.37 EPS for the current year.

Zeta Global Company Profile (Get Rating)

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. Its 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.

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