Zeta Global (NYSE:ZETA) Issues Earnings Results

Zeta Global (NYSE:ZETA) released its quarterly earnings data on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26), Briefing.com reports. The company had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. The company’s quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.27) EPS. Zeta Global updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Zeta Global Price Performance

NYSE:ZETA opened at $28.22 on Wednesday. Zeta Global has a 1-year low of $7.65 and a 1-year high of $38.20. The company has a 50-day moving average of $29.05 and a 200 day moving average of $22.51. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ZETA shares. Morgan Stanley cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $18.00 to $30.00 in a research report on Thursday, August 1st. DA Davidson boosted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday. Canaccord Genuity Group boosted their price target on shares of Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price target on the stock. in a research report on Friday, October 18th. Finally, Truist Financial reiterated a “buy” rating and set a $42.00 price objective (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $39.08.

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.