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

Zeta Global Holdings Corp. (NYSE:ZETA) has earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $37.86.

A number of research analysts have commented on ZETA shares. Bank of America increased their price objective on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. DA Davidson increased their price objective on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Barclays increased their price objective on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Canaccord Genuity Group increased their price objective on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group initiated coverage on Zeta Global in a research report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price objective on the stock.

Insider Buying and Selling

In other news, COO Steven H. Gerber purchased 13,250 shares of the company’s stock in a transaction on Monday, November 18th. The shares were purchased at an average price of $18.55 per share, with a total value of $245,787.50. Following the purchase, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at $54,552,044.05. This trade represents a 0.45 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Christopher E. Greiner purchased 7,975 shares of the company’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of $18.80 per share, for a total transaction of $149,930.00. Following the purchase, the chief financial officer now directly owns 2,330,010 shares in the company, valued at approximately $43,804,188. This trade represents a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is owned by company insiders.

Institutional Trading of Zeta Global

Hedge funds and other institutional investors have recently modified their holdings of the company. Wolff Wiese Magana LLC acquired a new stake in shares of Zeta Global in the 3rd quarter valued at about $26,000. Farther Finance Advisors LLC raised its stake in shares of Zeta Global by 3,885.7% in the 3rd 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 raised its stake in shares of 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 during the period. Advisors Asset Management Inc. raised its stake in shares of Zeta Global by 104.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares during the period. Finally, Quest Partners LLC raised its stake in shares of Zeta Global by 1,718.9% in the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after purchasing an additional 2,183 shares during the period. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Stock Up 2.7 %

NYSE ZETA opened at $22.32 on Monday. The firm has a market cap of $5.30 billion, a PE ratio of -31.89 and a beta of 1.12. Zeta Global has a one year low of $7.84 and a one year high of $38.20. The stock’s 50 day simple moving average is $26.13 and its 200 day simple moving average is $23.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The business had revenue of $268.30 million for the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm’s revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.27) earnings per share. As a group, sell-side analysts forecast that Zeta Global will post -0.16 earnings per share for the current fiscal year.

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.