Zeta Global Holdings Corp. (NASDAQ:ZETA) Receives $30.17 Average PT from Analysts

Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA - Get Free Report) have earned an average recommendation of "Buy" from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $30.17.

A number of research firms recently commented on ZETA. Craig Hallum raised their price target on shares of Zeta Global from $32.00 to $35.00 and gave the stock a "buy" rating in a research report on Friday, September 6th. Truist Financial reaffirmed a "buy" rating and set a $30.00 target price (up from $23.00) on shares of Zeta Global in a report on Thursday, August 1st. Oppenheimer boosted their price target on Zeta Global from $20.00 to $29.00 and gave the company an "outperform" rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their price objective on Zeta Global from $23.00 to $29.00 and gave the stock an "outperform" rating in a research note on Thursday, August 1st. Finally, Barclays upped their target price on Zeta Global from $18.00 to $28.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ZETA. Vanguard Group Inc. raised its stake in shares of Zeta Global by 2.6% during the first quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company's stock valued at $182,723,000 after acquiring an additional 431,077 shares during the last quarter. Granahan Investment Management LLC lifted its position in shares of Zeta Global by 15.3% during the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company's stock worth $71,554,000 after buying an additional 1,076,208 shares in the last quarter. Clearbridge Investments LLC raised its position in Zeta Global by 2.6% in the first quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company's stock worth $33,125,000 after acquiring an additional 77,962 shares during the period. Capital World Investors purchased a new stake in Zeta Global in the fourth quarter worth $23,560,000. Finally, Ophir Asset Management Pty Ltd bought a new stake in shares of Zeta Global in the fourth quarter valued at $19,682,000. 75.82% of the stock is currently owned by institutional investors.

Zeta Global Price Performance

ZETA traded down $0.61 on Wednesday, hitting $29.63. 3,099,347 shares of the company were exchanged, compared to its average volume of 2,378,757. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. Zeta Global has a 12 month low of $7.38 and a 12 month high of $30.47. The stock's fifty day moving average is $24.36 and its 200-day moving average is $17.95.

Zeta Global (NASDAQ:ZETA - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). The company had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The business's quarterly revenue was up 32.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.32) EPS. As a group, research analysts forecast that Zeta Global will post -0.43 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.