Zeta Global Holdings Corp. (NYSE:ZETA) Receives $37.43 Consensus Target Price from Analysts

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) has been given an average recommendation of "Moderate Buy" by the sixteen analysts that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $37.43.

A number of brokerages have recently commented on ZETA. Oppenheimer increased their price objective on Zeta Global from $33.00 to $42.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. William Blair reiterated an "outperform" rating on shares of Zeta Global in a research report on Thursday, December 19th. The Goldman Sachs Group assumed coverage on Zeta Global in a report on Wednesday, December 11th. They set a "neutral" rating and a $30.00 price objective on the stock. KeyCorp lowered shares of Zeta Global from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 14th. Finally, DA Davidson boosted their price objective on shares of Zeta Global from $39.00 to $42.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th.

Insiders Place Their Bets

In other Zeta Global news, CEO David Steinberg bought 53,676 shares of the stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the completion of the purchase, the chief executive officer now owns 65,310 shares in the company, valued at $1,256,564.40. This represents a 461.37 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Imran Khan acquired 55,000 shares of the firm's stock in a transaction on Monday, November 18th. The shares were bought at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the acquisition, the director now owns 55,000 shares in the company, valued at approximately $1,042,800. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 129,901 shares of company stock worth $2,471,244 over the last quarter. Company insiders own 25.54% of the company's stock.

Hedge Funds Weigh In On Zeta Global

A number of large investors have recently modified their holdings of ZETA. Hussman Strategic Advisors Inc. acquired a new stake in shares of Zeta Global in the 4th quarter valued at $1,511,000. First Bank & Trust lifted its stake in shares of Zeta Global by 10.6% in the 4th quarter. First Bank & Trust now owns 11,276 shares of the company's stock valued at $203,000 after purchasing an additional 1,083 shares during the period. Ieq Capital LLC acquired a new stake in shares of Zeta Global during the fourth quarter worth $268,000. Alberta Investment Management Corp bought a new stake in Zeta Global in the fourth quarter valued at about $1,259,000. Finally, New York State Common Retirement Fund lifted its stake in Zeta Global by 87.3% in the fourth quarter. New York State Common Retirement Fund now owns 99,420 shares of the company's stock valued at $1,789,000 after buying an additional 46,335 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Zeta Global Stock Performance

Shares of ZETA traded down $0.20 during midday trading on Tuesday, hitting $18.15. 3,078,272 shares of the stock traded hands, compared to its average volume of 4,014,448. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global has a 1-year low of $9.35 and a 1-year high of $38.20. The business's 50 day moving average price is $19.79 and its two-hundred day moving average price is $23.90. The firm has a market capitalization of $4.31 billion, a PE ratio of -25.93, a price-to-earnings-growth ratio of 1.35 and a beta of 1.17.

Zeta Global (NYSE:ZETA - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same period last year, the company earned ($0.27) earnings per share. The business's quarterly revenue was up 42.0% compared to the same quarter last year. Equities research analysts predict that Zeta Global will post -0.16 EPS for the current fiscal year.

About Zeta Global

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.