Zeta Global Holdings Corp. (NYSE:ZETA) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $28.00.

ZETA has been the subject of a number of research reports. Bank of America lifted their price target on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, November 25th. UBS Group set a $29.00 price objective on Zeta Global in a research note on Tuesday, November 25th. DA Davidson set a $29.00 target price on Zeta Global in a report on Monday, January 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, January 21st. Finally, Needham & Company LLC reissued a “buy” rating on shares of Zeta Global in a research report on Tuesday, November 25th.

Insider Buying and Selling at Zeta Global

In related news, Director Jeanine Silberblatt sold 12,990 shares of the firm’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $19.34, for a total transaction of $251,226.60. Following the completion of the transaction, the director owned 57,850 shares of the company’s stock, valued at $1,118,819. This trade represents a 18.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.02% of the stock is owned by insiders.

Institutional Investors Weigh In On Zeta Global

Several hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund raised its position in shares of Zeta Global by 235.8% during the 3rd quarter. New York State Common Retirement Fund now owns 684,303 shares of the company’s stock worth $13,597,000 after purchasing an additional 480,495 shares during the last quarter. Stanley Laman Group Ltd. acquired a new stake in Zeta Global in the 3rd quarter worth about $2,834,000. Stephens Investment Management Group LLC increased its stake in Zeta Global by 92.8% during the 3rd quarter. Stephens Investment Management Group LLC now owns 1,802,642 shares of the company’s stock worth $35,818,000 after buying an additional 867,540 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Zeta Global by 37.3% during the second quarter. William Blair Investment Management LLC now owns 1,247,870 shares of the company’s stock valued at $19,330,000 after acquiring an additional 339,247 shares during the last quarter. Finally, Perkins Capital Management Inc. purchased a new position in shares of Zeta Global in the third quarter valued at approximately $1,143,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Trading Up 5.8%

NYSE ZETA opened at $16.92 on Friday. Zeta Global has a 12-month low of $10.69 and a 12-month high of $26.60. The company has a fifty day simple moving average of $19.86 and a two-hundred day simple moving average of $19.11. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.07 billion, a P/E ratio of -140.99, a P/E/G ratio of 1.65 and a beta of 1.26.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $337.17 million for the quarter, compared to analysts’ expectations of $327.70 million. Zeta Global had a negative net margin of 1.87% and a negative return on equity of 1.22%. Zeta Global’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.09) earnings per share. On average, analysts forecast that Zeta Global will post -0.16 earnings per share for the current year.

About Zeta Global

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.