Zeta Global (NASDAQ:ZETA) Issues Quarterly Earnings Results

Zeta Global (NASDAQ:ZETA) issued its earnings results on Monday. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.02, Briefing.com reports. The company had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. Zeta Global had a negative net margin of 25.73% and a negative return on equity of 123.59%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the company posted ($0.38) earnings per share. Zeta Global updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

Zeta Global Stock Performance

Shares of NASDAQ ZETA opened at $13.00 on Tuesday. The company has a 50-day simple moving average of $11.28 and a 200-day simple moving average of $9.74. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market cap of $2.84 billion, a PE ratio of -10.74 and a beta of 1.12. Zeta Global has a 12 month low of $7.24 and a 12 month high of $13.11.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ZETA. DA Davidson began coverage on Zeta Global in a report on Wednesday, April 3rd. They set a “buy” rating and a $15.00 price objective for the company. Needham & Company LLC lifted their price target on Zeta Global from $13.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday. Morgan Stanley raised shares of Zeta Global from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $12.00 to $17.00 in a research note on Thursday, April 4th. Barclays upped their price target on shares of Zeta Global from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, February 28th. Finally, William Blair reiterated an “outperform” rating on shares of Zeta Global in a research report on Wednesday, February 28th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $16.83.

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.