Brokerages Set Zeta Global Holdings Corp. (NYSE:ZETA) Price Target at $37.86

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

Several brokerages have recently issued reports on ZETA. William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. Craig Hallum raised their price target on shares of Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group assumed coverage on Zeta Global in a research report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 price objective on the stock. Roth Mkm raised their target price on shares of Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, Oppenheimer boosted their price target on shares of Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th.

Zeta Global Price Performance

Zeta Global stock opened at $18.12 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of -25.89 and a beta of 1.17. The company’s 50 day simple moving average is $22.59 and its 200-day simple moving average is $23.81. Zeta Global has a 1 year low of $8.15 and a 1 year high of $38.20.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26). The firm 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 45.22% and a negative net margin of 13.35%. During the same quarter in the prior year, the business earned ($0.27) earnings per share. The company’s quarterly revenue was up 42.0% on a year-over-year basis. As a group, equities research analysts expect that Zeta Global will post -0.16 earnings per share for the current year.

Insiders Place Their Bets

In other Zeta Global news, CFO Christopher E. Greiner bought 7,975 shares of Zeta Global stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $18.80 per share, with a total value of $149,930.00. Following the completion of the acquisition, the chief financial officer now 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Steven H. Gerber purchased 13,250 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the acquisition, the chief operating officer now owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. The trade was a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 129,901 shares of company stock valued at $2,471,244 over the last quarter. Company insiders own 25.54% of the company’s stock.

Institutional Investors Weigh In On Zeta Global

Several hedge funds have recently modified their holdings of the stock. Wolff Wiese Magana LLC acquired a new position in Zeta Global in the 3rd quarter valued at $26,000. Quest Partners LLC raised its holdings in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after purchasing an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after purchasing an additional 1,360 shares during the period. Covestor Ltd boosted its holdings in Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock valued at $45,000 after purchasing an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in shares of Zeta Global by 104.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after buying an additional 1,136 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

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.