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

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have earned an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $27.8333.

Several research firms have commented on ZETA. B. Riley Financial reissued a “buy” rating on shares of Zeta Global in a report on Friday, May 1st. Royal Bank Of Canada raised their target price on shares of Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Bank of America assumed coverage on shares of Zeta Global in a report on Tuesday, May 19th. They issued a “buy” rating and a $24.00 target price on the stock. DA Davidson lifted their price target on shares of Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, The Goldman Sachs Group lifted their price target on shares of Zeta Global from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th.

Zeta Global Price Performance

ZETA stock opened at $18.79 on Monday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.22. Zeta Global has a 12 month low of $12.10 and a 12 month high of $24.90. The firm has a market cap of $4.59 billion, a P/E ratio of -170.77, a P/E/G ratio of 2.93 and a beta of 1.29. The company’s 50-day moving average price is $16.99 and its two-hundred day moving average price is $18.18.

Zeta Global (NYSE:ZETA) last released its earnings results on Tuesday, February 24th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. Zeta Global had a negative net margin of 1.62% and a positive return on equity of 2.91%. The firm had revenue of $394.64 million for the quarter, compared to analyst estimates of $378.09 million. During the same period last year, the firm earned $0.06 EPS. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. On average, analysts anticipate that Zeta Global will post 0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Essential Partners LLC grew its holdings in shares of Zeta Global by 30.9% during the 1st quarter. Essential Partners LLC now owns 2,670 shares of the company’s stock valued at $43,000 after purchasing an additional 630 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Zeta Global by 47.7% during the 1st quarter. Bank of America Corp DE now owns 3,853,723 shares of the company’s stock valued at $61,351,000 after purchasing an additional 1,244,057 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Zeta Global by 14.4% during the 1st quarter. Arkadios Wealth Advisors now owns 15,416 shares of the company’s stock valued at $245,000 after purchasing an additional 1,946 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Zeta Global by 204.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock valued at $33,000 after purchasing an additional 1,406 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Zeta Global by 31.7% during the 1st quarter. California State Teachers Retirement System now owns 227,521 shares of the company’s stock valued at $3,622,000 after purchasing an additional 54,703 shares during the last quarter. 87.75% of the stock is owned by institutional investors.

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.