Zeta Global (ZETA) Scheduled to Post Earnings on Tuesday

Zeta Global (NASDAQ:ZETA – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 10th. Analysts expect Zeta Global to post earnings of ($0.38) per share for the quarter. Zeta Global has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Zeta Global (NASDAQ:ZETA – Get Rating) last announced its earnings results on Wednesday, February 23rd. The company reported ($0.35) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.25) by ($0.10). The company had revenue of $134.85 million during the quarter, compared to the consensus estimate of $122.78 million. On average, analysts expect Zeta Global to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Zeta Global stock opened at $11.00 on Tuesday. Zeta Global has a one year low of $5.27 and a one year high of $13.46. The stock’s fifty day moving average is $11.50 and its 200 day moving average is $9.81. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 2.03.

A number of equities analysts recently commented on ZETA shares. Craig Hallum started coverage on Zeta Global in a report on Monday, February 7th. They issued a “buy” rating and a $14.00 target price on the stock. They noted that the move was a valuation call. Zacks Investment Research cut Zeta Global from a “hold” rating to a “sell” rating in a report on Friday, April 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 target price on shares of Zeta Global in a report on Thursday, February 24th. Finally, Oppenheimer raised Zeta Global from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a report on Thursday, April 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $12.70.

In other news, major shareholder Gpi Capital Gemini Holdco Lp sold 4,000,000 shares of the firm’s stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $11.40, for a total transaction of $45,600,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Several institutional investors have recently modified their holdings of ZETA. Bank of America Corp DE purchased a new position in shares of Zeta Global during the second quarter valued at about $38,000. Morgan Stanley purchased a new position in Zeta Global in the second quarter worth about $178,000. Geode Capital Management LLC purchased a new position in Zeta Global in the third quarter worth about $66,000. Citadel Advisors LLC grew its position in Zeta Global by 40.3% in the third quarter. Citadel Advisors LLC now owns 219,696 shares of the company’s stock worth $1,287,000 after acquiring an additional 63,136 shares in the last quarter. Finally, Millennium Management LLC grew its position in Zeta Global by 94.1% in the third quarter. Millennium Management LLC now owns 347,068 shares of the company’s stock worth $2,034,000 after acquiring an additional 168,257 shares in the last quarter. Hedge funds and other institutional investors own 23.25% of the company’s stock.

About Zeta Global (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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