Zeta Global Holdings Corp. (NYSE:ZETA) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $27.75.

Several brokerages have issued reports on ZETA. Canaccord Genuity Group raised their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a report on Wednesday, October 8th. William Blair restated an “outperform” rating on shares of Zeta Global in a report on Monday, November 24th. Morgan Stanley increased their target price on Zeta Global from $23.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $23.00 target price on shares of Zeta Global in a research report on Thursday, November 6th.

Insiders Place Their Bets

In related news, Director Jeanine Silberblatt sold 12,990 shares of Zeta Global stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $19.34, for a total transaction of $251,226.60. Following the completion of the sale, the director owned 57,850 shares in the company, valued at $1,118,819. This trade represents a 18.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 13.02% of the stock is owned by insiders.

Institutional Trading of Zeta Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Disciplined Growth Investors Inc. MN bought a new position in Zeta Global in the third quarter worth approximately $121,502,000. Greenvale Capital LLP lifted its holdings in shares of Zeta Global by 178.0% in the 2nd quarter. Greenvale Capital LLP now owns 6,951,181 shares of the company’s stock worth $107,674,000 after buying an additional 4,451,181 shares during the period. Marshall Wace LLP grew its position in shares of Zeta Global by 857.2% during the 2nd quarter. Marshall Wace LLP now owns 2,679,321 shares of the company’s stock worth $41,503,000 after buying an additional 2,399,408 shares in the last quarter. Norges Bank purchased a new position in shares of Zeta Global during the second quarter valued at $33,474,000. Finally, Stephens Investment Management Group LLC raised its holdings in shares of Zeta Global by 92.8% in the third quarter. Stephens Investment Management Group LLC now owns 1,802,642 shares of the company’s stock valued at $35,818,000 after acquiring an additional 867,540 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Down 6.0%

Shares of ZETA opened at $20.29 on Tuesday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $19.51 and a 200 day moving average of $18.74. The company has a market cap of $4.88 billion, a PE ratio of -169.07, a P/E/G ratio of 2.15 and a beta of 1.26. Zeta Global has a 52-week low of $10.69 and a 52-week high of $26.60.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $337.17 million for the quarter, compared to the consensus estimate of $327.70 million. Zeta Global had a negative net margin of 1.87% and a negative return on equity of 1.22%. The company’s revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.09) EPS. On average, sell-side analysts expect that Zeta Global will post -0.16 EPS for the current year.

About Zeta Global

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.