Zeta Global (NASDAQ:ZETA) Issues Earnings Results, Beats Expectations By $0.02 EPS

Zeta Global (NASDAQ:ZETA) released its quarterly earnings data on Monday. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.02, Briefing.com reports. The company had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. Zeta Global had a negative net margin of 25.73% and a negative return on equity of 123.59%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.38) EPS. Zeta Global updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

Zeta Global Stock Performance

Shares of ZETA opened at $15.55 on Tuesday. Zeta Global has a 12 month low of $7.24 and a 12 month high of $15.55. The stock has a fifty day moving average price of $11.28 and a 200-day moving average price of $9.74. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.02. The firm has a market cap of $3.40 billion, a PE ratio of -10.74 and a beta of 1.12.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. TheStreet raised Zeta Global from a “d+” rating to a “c-” rating in a research report on Tuesday, January 30th. Oppenheimer increased their target price on shares of Zeta Global from $14.00 to $18.00 and gave the stock an “outperform” rating in a report on Tuesday. Morgan Stanley upgraded shares of Zeta Global from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $12.00 to $17.00 in a report on Thursday, April 4th. Barclays increased their price objective on shares of Zeta Global from $14.00 to $15.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Finally, DA Davidson started coverage on shares of Zeta Global in a research note on Wednesday, April 3rd. They issued a “buy” rating and a $15.00 price objective for the company. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $16.83.

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.