Zeta Global Holdings Corp. (NYSE:ZETA) Receives $30.77 Consensus Price Target from Analysts

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $30.7692.

ZETA has been the subject of several research analyst reports. Royal Bank Of Canada boosted their price target on shares of Zeta Global from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Bank of America lifted their target price on Zeta Global from $29.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Needham & Company LLC boosted their price objective on Zeta Global from $25.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. William Blair set a $29.00 price target on shares of Zeta Global in a report on Thursday, August 6th. Finally, DA Davidson increased their price objective on shares of Zeta Global from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th.

Hedge Funds Weigh In On Zeta Global

A number of large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC acquired a new stake in shares of Zeta Global in the second quarter valued at approximately $8,380,000. WINTON GROUP Ltd acquired a new position in Zeta Global during the second quarter worth $3,480,000. Engineers Gate Manager LP boosted its holdings in Zeta Global by 12.7% during the second quarter. Engineers Gate Manager LP now owns 69,707 shares of the company’s stock worth $1,372,000 after purchasing an additional 7,882 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Zeta Global by 4.3% in the second quarter. Integrated Wealth Concepts LLC now owns 11,262 shares of the company’s stock valued at $222,000 after purchasing an additional 469 shares in the last quarter. Finally, IFP Advisors Inc grew its position in Zeta Global by 211.5% in the second quarter. IFP Advisors Inc now owns 2,735 shares of the company’s stock valued at $54,000 after purchasing an additional 1,857 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Down 3.5%

NYSE:ZETA opened at $30.05 on Friday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21. Zeta Global has a 12-month low of $14.36 and a 12-month high of $32.81. The stock’s fifty day simple moving average is $27.14 and its 200-day simple moving average is $21.60. The firm has a market capitalization of $7.54 billion, a P/E ratio of -1,502.35, a P/E/G ratio of 4.40 and a beta of 1.43.

Zeta Global (NYSE:ZETA) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.17). Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The company had revenue of $442.77 million during the quarter, compared to the consensus estimate of $420.61 million. During the same quarter in the prior year, the company posted ($0.10) EPS. The company’s revenue for the quarter was up 43.6% compared to the same quarter last year. Equities research analysts expect that Zeta Global will post 0.21 earnings per share for the current year.

Zeta Global Company Profile

Zeta Global Holdings Corp. is a marketing technology company that helps brands acquire, grow and retain customers. Its platform combines consumer data, artificial intelligence and marketing automation to support audience identification, campaign planning, personalization and measurement across digital and traditional channels.

The company’s principal offering is the Zeta Marketing Platform, which is designed to provide marketers with tools for managing customer data, generating insights and executing multichannel campaigns.