Zeta Global (NASDAQ:ZETA) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

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

Zeta Global Trading Up 1.4 %

Shares of ZETA opened at $13.00 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.02. Zeta Global has a 1-year low of $7.24 and a 1-year high of $13.11. The stock has a market capitalization of $2.84 billion, a P/E ratio of -10.74 and a beta of 1.12. The business’s 50-day moving average price is $11.28 and its 200 day moving average price is $9.74.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ZETA. Oppenheimer lifted their price objective on shares of Zeta Global from $14.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays upped their target price on Zeta Global from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 28th. TheStreet upgraded Zeta Global from a “d+” rating to a “c-” rating in a research report on Tuesday, January 30th. DA Davidson began coverage on Zeta Global in a research note on Wednesday, April 3rd. They set a “buy” rating and a $15.00 target price for the company. Finally, Bank of America boosted their price target on shares of Zeta Global from $15.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Zeta Global currently has an average rating of “Buy” and a consensus target price 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.