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

Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) have received a consensus rating of “Buy” from the five brokerages that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have covered the stock in the last year is $15.00.

Several equities research analysts recently commented on the company. Morgan Stanley upgraded Zeta Global from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $12.00 to $17.00 in a report on Thursday. William Blair reiterated an “outperform” rating on shares of Zeta Global in a report on Wednesday, February 28th. Barclays raised their target price on Zeta Global from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Needham & Company LLC restated a “buy” rating and set a $13.00 price objective on shares of Zeta Global in a report on Wednesday, February 28th. Finally, TheStreet upgraded Zeta Global from a “d+” rating to a “c-” rating in a report on Tuesday, January 30th.

Hedge Funds Weigh In On Zeta Global

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Zeta Global by 326.5% in the 1st quarter. Vanguard Group Inc. now owns 8,223,574 shares of the company’s stock valued at $104,850,000 after buying an additional 6,295,574 shares during the period. Praesidium Investment Management Company LLC increased its stake in shares of Zeta Global by 1,549.5% in the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after buying an additional 5,806,578 shares during the period. BlackRock Inc. increased its stake in shares of Zeta Global by 275.1% in the 3rd quarter. BlackRock Inc. now owns 7,128,030 shares of the company’s stock valued at $47,117,000 after buying an additional 5,227,902 shares during the period. Capital World Investors acquired a new stake in shares of Zeta Global during the fourth quarter worth $23,560,000. Finally, Ophir Asset Management Pty Ltd acquired a new stake in shares of Zeta Global during the fourth quarter worth $19,682,000. Institutional investors and hedge funds own 75.82% of the company’s stock.

Zeta Global Trading Up 2.5 %

NASDAQ:ZETA opened at $12.23 on Wednesday. The stock has a fifty day moving average price of $10.41 and a two-hundred day moving average price of $9.20. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -10.11 and a beta of 1.20. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76. Zeta Global has a 1 year low of $7.24 and a 1 year high of $12.44.

Zeta Global (NASDAQ:ZETA) last released 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). The business had revenue of $210.00 million during the quarter, compared to analysts’ expectations of $207.53 million. Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.36) EPS. As a group, sell-side analysts anticipate that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Zeta Global Company Profile

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.