Zeta Global Holdings Corp. (NYSE:ZETA) Receives $30.77 Consensus PT from Analysts

Zeta Global Holdings Corp. (NYSE:ZETA) has been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $30.7692.

ZETA has been the subject of a number of research reports. Wall Street Zen upgraded shares of Zeta Global from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. William Blair set a $29.00 price target on shares of Zeta Global in a research note on Thursday, August 6th. Royal Bank Of Canada increased their price objective on shares of Zeta Global from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. B. Riley Financial restated a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of Zeta Global in a research report on Wednesday, August 5th. Finally, DA Davidson lifted their target price on Zeta Global from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the transaction, the director owned 50,350 shares in the company, valued at $1,001,461.50. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 10.74% of the company’s stock.

Institutional Trading of Zeta Global

Several hedge funds have recently modified their holdings of ZETA. Disciplined Growth Investors Inc. MN purchased a new position in shares of Zeta Global in the third quarter valued at $121,502,000. California State Teachers Retirement System increased its position in Zeta Global by 1,808.6% in the second quarter. California State Teachers Retirement System now owns 4,342,549 shares of the company’s stock worth $85,461,000 after purchasing an additional 4,115,028 shares during the last quarter. Contour Asset Management LLC raised its stake in Zeta Global by 26.3% during the fourth quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company’s stock valued at $227,159,000 after purchasing an additional 2,327,907 shares in the last quarter. Norges Bank purchased a new stake in Zeta Global during the fourth quarter valued at $46,975,000. Finally, P2 Capital Partners LLC bought a new position in Zeta Global during the fourth quarter valued at $34,595,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Stock Up 2.0%

Shares of ZETA opened at $31.58 on Wednesday. The business’s 50 day moving average is $24.11 and its 200 day moving average is $20.10. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.21. Zeta Global has a 12-month low of $14.36 and a 12-month high of $32.05. The company has a market capitalization of $7.93 billion, a PE ratio of -1,579.00, a price-to-earnings-growth ratio of 4.37 and a beta of 1.43.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.17). The business had revenue of $442.77 million during the quarter, compared to the consensus estimate of $420.61 million. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.The company’s revenue for the quarter was up 43.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.10) earnings per share. Research analysts expect that Zeta Global will post 0.21 earnings per share for the current fiscal year.

Zeta Global Company Profile

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.