Zeta Global (NYSE:ZETA) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of Zeta Global (NYSE:ZETA) in a research note published on Thursday morning,Benzinga reports. They currently have a $43.00 target price on the stock.

A number of other research firms have also recently commented on ZETA. Royal Bank of Canada lowered their price target on Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Craig Hallum boosted their price target on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Oppenheimer boosted their price target on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. KeyCorp cut Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Finally, The Goldman Sachs Group started coverage on Zeta Global in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

Zeta Global Stock Up 5.5 %

ZETA stock opened at $18.87 on Thursday. Zeta Global has a twelve month low of $8.76 and a twelve month high of $38.20. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.48 billion, a P/E ratio of -26.95, a PEG ratio of 1.28 and a beta of 1.17. The business’s 50-day moving average price is $21.27 and its 200-day moving average price is $23.81.

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

Insider Activity

In related news, CEO David Steinberg bought 53,676 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the transaction, the chief executive officer now owns 65,310 shares in the company, valued at $1,256,564.40. This trade represents a 461.37 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Christopher E. Greiner bought 7,975 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were bought at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the transaction, the chief financial officer now owns 2,330,010 shares in the company, valued at approximately $43,804,188. The trade was a 0.34 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Zeta Global

Several large investors have recently modified their holdings of ZETA. FMR LLC grew its position in Zeta Global by 84,132.4% in the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after acquiring an additional 3,557,119 shares during the last quarter. Lord Abbett & CO. LLC grew its position in Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after acquiring an additional 2,623,980 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock valued at $32,610,000 after acquiring an additional 1,728,005 shares during the last quarter. Summit Partners Public Asset Management LLC grew its position in Zeta Global by 210.4% in 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, Renaissance Technologies LLC grew its position in Zeta Global by 85.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after acquiring an additional 929,800 shares during the last quarter. Institutional investors own 87.75% of the company’s stock.

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.