Zeta Global Holdings Corp. (NYSE:ZETA) Receives $37.86 Consensus PT from Analysts

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have been assigned a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $37.64.

A number of brokerages have recently weighed in on ZETA. Needham & Company LLC restated a “buy” rating and set a $43.00 price target on shares of Zeta Global in a research note on Tuesday, December 10th. Truist Financial reissued a “buy” rating and set a $42.00 target price (up previously from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Barclays raised their price target on shares of Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. William Blair reissued an “outperform” rating on shares of Zeta Global in a report on Thursday, December 19th. Finally, DA Davidson raised their target price on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th.

Insider Activity at Zeta Global

In other Zeta Global news, CEO David Steinberg purchased 53,676 shares of the stock in a transaction on Monday, November 18th. The shares were bought at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the transaction, the chief executive officer now owns 65,310 shares of the company’s stock, valued at $1,256,564.40. This trade represents a 461.37 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Christopher E. Greiner acquired 7,975 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $18.80 per share, with a total value of $149,930.00. Following the completion of the transaction, the chief financial officer now directly owns 2,330,010 shares of the company’s stock, valued at approximately $43,804,188. This represents a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 129,901 shares of company stock worth $2,471,244 in the last three months. Company insiders own 25.54% of the company’s stock.

Hedge Funds Weigh In On Zeta Global

Large investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC increased its stake in shares of Zeta Global by 85.0% during the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after purchasing an additional 2,623,980 shares in the last quarter. Geode Capital Management LLC increased its stake in Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after buying an additional 674,192 shares in the last quarter. State Street Corp increased its stake in Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after buying an additional 455,944 shares in the last quarter. FMR LLC lifted 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 acquiring an additional 3,557,119 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC increased its position in shares of Zeta Global by 210.4% during the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after purchasing an additional 1,703,679 shares in the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Stock Up 1.8 %

Shares of Zeta Global stock opened at $18.51 on Friday. Zeta Global has a 52-week low of $8.47 and a 52-week high of $38.20. The firm’s 50 day moving average price is $22.20 and its 200-day moving average price is $23.74. 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 company has a market cap of $4.40 billion, a P/E ratio of -26.44 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 (EPS) 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 analyst estimates of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.27) earnings per share. On average, sell-side analysts predict that Zeta Global will post -0.16 EPS for the current fiscal year.

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.