Zeta Global (NYSE:ZETA) Posts Earnings Results

Zeta Global (NYSE:ZETA) released its earnings results on Monday. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26), Briefing.com reports. The business had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.27) earnings per share. Zeta Global updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Zeta Global Stock Up 3.3 %

Shares of NYSE:ZETA opened at $36.77 on Tuesday. The firm has a market cap of $8.09 billion, a PE ratio of -41.78 and a beta of 1.29. The company has a fifty day simple moving average of $28.99 and a 200 day simple moving average of $22.40. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. Zeta Global has a 12-month low of $7.65 and a 12-month high of $38.20.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. DA Davidson lifted their price target on shares of Zeta Global from $35.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Craig Hallum lifted their target price on Zeta Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, September 27th. Canaccord Genuity Group upped their price target on Zeta Global from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley lowered 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 note on Thursday, August 1st. Finally, Royal Bank of Canada boosted their target price on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $35.92.

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.