Zeta Global Holdings Corp. (NASDAQ:ZETA) Receives Consensus Rating of “Buy” from Analysts

Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA) have earned an average rating of “Buy” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $28.42.

ZETA has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on shares of Zeta Global from $23.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Canaccord Genuity Group raised their price target on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday. Oppenheimer boosted their price objective on Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Bank of America raised their target price on shares of Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Finally, Truist Financial reiterated a “buy” rating and issued a $30.00 price target (up previously from $23.00) on shares of Zeta Global in a report on Thursday, August 1st.

Hedge Funds Weigh In On Zeta Global

Large investors have recently modified their holdings of the business. 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 acquiring an additional 2,183 shares in the last quarter. Halpern Financial Inc. raised its stake in shares of Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after purchasing an additional 830 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Zeta Global in the 2nd quarter valued at approximately $99,000. Counterpoint Mutual Funds LLC bought a new position in shares of Zeta Global in the fourth quarter valued at $100,000. Finally, Amalgamated Bank increased its holdings in Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after buying an additional 948 shares during the last quarter. 75.82% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Price Performance

Shares of ZETA opened at $25.07 on Friday. The stock has a market cap of $5.49 billion, a P/E ratio of -23.65 and a beta of 1.26. Zeta Global has a 1 year low of $7.38 and a 1 year high of $27.39. The stock’s 50-day moving average price is $22.01 and its two-hundred day moving average price is $16.41. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NASDAQ:ZETA) last released its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The firm had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. During the same period in the previous year, the business earned ($0.32) EPS. The firm’s revenue was up 32.6% compared to the same quarter last year. On average, equities analysts predict that Zeta Global will post -0.43 earnings per share for the current 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.