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

Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) have received a consensus recommendation of “Buy” from the five analysts that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have covered the stock in the last year is $15.00.

A number of research analysts recently commented on the stock. Barclays boosted their price objective on shares of Zeta Global from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, February 28th. DA Davidson assumed coverage on Zeta Global in a research report on Wednesday, April 3rd. They set a “buy” rating and a $15.00 price objective for the company. TheStreet raised Zeta Global from a “d+” rating to a “c-” rating in a research report on Tuesday, January 30th. Morgan Stanley raised Zeta Global from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $12.00 to $17.00 in a research note on Thursday, April 4th. Finally, Needham & Company LLC restated a “buy” rating and issued a $13.00 price objective on shares of Zeta Global in a report on Wednesday, February 28th.

Institutional Trading of Zeta Global

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of Zeta Global by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock valued at $143,647,000 after acquiring an additional 370,912 shares during the last quarter. Granahan Investment Management LLC grew its holdings in Zeta Global by 15.3% during the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after purchasing an additional 1,076,208 shares during the last quarter. Praesidium Investment Management Company LLC raised its position in shares of Zeta Global by 1,549.5% in the fourth quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after purchasing an additional 5,806,578 shares during the period. Capital World Investors acquired a new stake in shares of Zeta Global in the fourth quarter worth $23,560,000. Finally, Ophir Asset Management Pty Ltd bought a new stake in shares of Zeta Global during the 4th quarter worth $19,682,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

Zeta Global Price Performance

Shares of NASDAQ:ZETA opened at $12.89 on Friday. The company has a market cap of $2.82 billion, a P/E ratio of -10.65 and a beta of 1.20. The company’s fifty day moving average is $11.04 and its two-hundred day moving average is $9.59. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 1.02. Zeta Global has a 12-month low of $7.24 and a 12-month high of $12.91.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings data on Tuesday, February 27th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.36). Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. The business had revenue of $210.00 million during the quarter, compared to analysts’ expectations of $207.53 million. During the same period in the prior year, the company posted ($0.36) earnings per share. The firm’s revenue was up 19.9% on a year-over-year basis. Equities analysts expect that Zeta Global will post -0.45 earnings per share for the current fiscal year.

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.