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

Zeta Global Holdings Corp. (NYSE:ZETA) has received an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, eleven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $37.64.

ZETA has been the subject of several research reports. Canaccord Genuity Group lifted their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research note on Thursday, December 19th. Oppenheimer raised their price objective on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group began coverage on Zeta Global in a research report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 target price on the stock. Finally, Bank of America raised their price target on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th.

Insider Activity

In related news, Director Imran Khan bought 55,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the purchase, the director now directly owns 55,000 shares of the company’s stock, valued at approximately $1,042,800. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Steinberg purchased 53,676 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the purchase, the chief executive officer now directly owns 65,310 shares in the company, valued at $1,256,564.40. This represents a 461.37 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 129,901 shares of company stock worth $2,471,244 over the last three months. 25.54% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC grew its position in shares of Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after purchasing an additional 3,557,119 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in shares of Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after acquiring an additional 2,623,980 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Zeta Global by 1,444.8% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after acquiring an additional 1,728,005 shares during the period. Summit Partners Public Asset Management LLC boosted its position in shares of Zeta Global by 210.4% during the 3rd quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock valued at $74,978,000 after acquiring an additional 1,703,679 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Zeta Global in the second quarter valued at about $28,698,000. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Stock Down 4.5 %

Zeta Global stock opened at $18.12 on Friday. Zeta Global has a 1-year low of $8.15 and a 1-year high of $38.20. The business has a fifty day moving average price of $22.59 and a 200-day moving average price of $23.81. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of -25.89 and a beta of 1.17.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The business had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. Zeta Global’s revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.27) EPS. Equities research analysts forecast that Zeta Global will post -0.16 EPS 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.