Zeta Global Holdings Corp. (NYSE:ZETA) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $27.4167.

ZETA has been the topic of a number of analyst reports. Bank of America raised their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Morgan Stanley raised their price target on shares of Zeta Global from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 26th. DA Davidson set a $29.00 price objective on shares of Zeta Global in a research report on Monday. B. Riley increased their target price on shares of Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Finally, Citigroup initiated coverage on Zeta Global in a research note on Friday, November 21st. They issued a “buy” rating and a $26.00 price target for the company.

Zeta Global Price Performance

NYSE:ZETA opened at $24.28 on Tuesday. The firm’s fifty day moving average is $19.26 and its two-hundred day moving average is $18.52. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of -202.27, a PEG ratio of 2.59 and a beta of 1.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.01 and a current ratio of 3.01. Zeta Global has a one year low of $10.69 and a one year high of $26.60.

Zeta Global (NYSE:ZETA) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Zeta Global had a negative net margin of 1.87% and a negative return on equity of 1.22%. The company had revenue of $337.17 million for the quarter, compared to analysts’ expectations of $327.70 million. During the same quarter in the previous year, the business posted ($0.09) EPS. The business’s quarterly revenue was up 25.6% on a year-over-year basis. Research analysts expect that Zeta Global will post -0.16 EPS for the current year.

Insider Activity at Zeta Global

In other news, Director Jeanine Silberblatt sold 12,990 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $19.34, for a total transaction of $251,226.60. Following the completion of the transaction, the director directly owned 57,850 shares of the company’s stock, valued at $1,118,819. This represents a 18.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 13.02% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zeta Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC lifted its holdings in Zeta Global by 2,000.0% during the second quarter. Golden State Wealth Management LLC now owns 1,680 shares of the company’s stock valued at $26,000 after purchasing an additional 1,600 shares in the last quarter. Binnacle Investments Inc acquired a new position in shares of Zeta Global during the 3rd quarter worth about $30,000. National Bank of Canada FI raised its position in shares of Zeta Global by 223.1% during the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock worth $36,000 after purchasing an additional 1,267 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Zeta Global by 124.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,842 shares of the company’s stock valued at $37,000 after buying an additional 1,023 shares in the last quarter. Finally, Traub Capital Management LLC acquired a new stake in Zeta Global in the 2nd quarter worth about $50,000. Hedge funds and other institutional investors own 87.75% of the company’s stock.

About Zeta Global

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.