Zeta Global’s (ZETA) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Zeta Global (NYSE:ZETA) in a research report report published on Thursday morning,Benzinga reports. The firm currently has a $43.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the company. Truist Financial restated a “buy” rating and set a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Canaccord Genuity Group upped their price objective on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group started coverage on Zeta Global in a research note on Wednesday, December 11th. They set a “neutral” rating and a $30.00 price objective for the company. Morgan Stanley decreased their price objective on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Roth Mkm upped their price objective on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.43.

Zeta Global Price Performance

Shares of ZETA stock opened at $18.87 on Thursday. Zeta Global has a twelve month low of $8.76 and a twelve month high of $38.20. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of -26.95, a P/E/G ratio of 1.28 and a beta of 1.17. The stock has a fifty day simple moving average of $21.27 and a two-hundred day simple moving average of $23.81. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41.

Zeta Global (NYSE:ZETA) last issued its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter in the prior year, the company posted ($0.27) earnings per share. Zeta Global’s quarterly revenue was up 42.0% compared to the same quarter last year. On average, analysts predict that Zeta Global will post -0.16 EPS for the current fiscal year.

Insider Activity

In related news, Director Imran Khan bought 55,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average cost of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the acquisition, the director now directly owns 55,000 shares in the company, valued at approximately $1,042,800. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David Steinberg bought 53,676 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 129,901 shares of company stock valued at $2,471,244. Company insiders own 25.54% of the company’s stock.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wolff Wiese Magana LLC acquired a new stake in Zeta Global during the third quarter worth about $26,000. Quest Partners LLC grew 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 acquiring an additional 2,183 shares during the period. Farther Finance Advisors LLC grew its holdings in Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after acquiring an additional 1,360 shares during the period. Covestor Ltd grew its holdings in Zeta Global by 2,902.0% during the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after acquiring an additional 1,451 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after purchasing an additional 1,136 shares in the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

Zeta Global Company Profile

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.