Zeta Global Holdings Corp. (NYSE:ZETA) Receives Average Rating of “Buy” from Brokerages

Zeta Global Holdings Corp. (NYSE:ZETA) has earned an average rating of “Buy” from the fifteen brokerages that are covering the firm, Marketbeat reports. 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 company. The average 12-month price target among analysts that have covered the stock in the last year is $35.69.

A number of brokerages have recently issued reports on ZETA. Canaccord Genuity Group boosted their price objective on Zeta Global from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. KeyCorp initiated coverage on shares of Zeta Global in a research note on Tuesday, October 22nd. They issued an “overweight” rating and a $40.00 price objective for the company. Bank of America increased their target price on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Craig Hallum lifted their price target on shares of Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Barclays cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective on the stock. in a research report on Friday, October 18th.

Zeta Global Price Performance

Zeta Global stock opened at $26.76 on Friday. The stock’s 50 day moving average is $27.81 and its 200 day moving average is $20.91. Zeta Global has a one year low of $7.38 and a one year high of $34.14. The firm has a market cap of $5.85 billion, a P/E ratio of -25.25 and a beta of 1.27. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The firm had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. During the same quarter last year, the firm posted ($0.32) EPS. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. As a group, research analysts expect that Zeta Global will post -0.41 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wolff Wiese Magana LLC purchased a new stake in shares of Zeta Global in the third quarter valued at about $26,000. Quest Partners LLC lifted its position in shares of Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after buying an additional 2,183 shares in the last quarter. CWM LLC boosted its stake in shares of Zeta Global by 1,682.3% in the 3rd quarter. CWM LLC now owns 5,240 shares of the company’s stock worth $156,000 after buying an additional 4,946 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Zeta Global in the 2nd quarter worth approximately $99,000. Finally, Amalgamated Bank increased its position in shares of Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after acquiring an additional 948 shares during the last quarter. 75.82% of the stock is owned by hedge funds and other institutional investors.

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.