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

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $37.43.

ZETA has been the topic of a number of research analyst reports. Truist Financial reissued a "buy" rating and issued a $42.00 price target (up from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Barclays upped their target price on shares of Zeta Global from $28.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. The Goldman Sachs Group initiated coverage on shares of Zeta Global in a research note on Wednesday, December 11th. They set a "neutral" rating and a $30.00 target price for the company. William Blair reiterated an "outperform" rating on shares of Zeta Global in a research note on Thursday, December 19th. Finally, Canaccord Genuity Group raised their price target on Zeta Global from $24.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, November 20th.

Zeta Global Price Performance

Shares of ZETA traded up $0.03 during mid-day trading on Tuesday, reaching $18.35. The stock had a trading volume of 1,650,971 shares, compared to its average volume of 4,034,849. The business has a fifty day moving average of $19.87 and a 200 day moving average of $23.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of -26.18, a PEG ratio of 1.33 and a beta of 1.17. Zeta Global has a 12 month low of $9.35 and a 12 month high of $38.20.

Zeta Global (NYSE:ZETA - Get Free Report) last issued its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same period in the prior year, the company posted ($0.27) EPS. The company's quarterly revenue was up 42.0% on a year-over-year basis. Equities analysts predict that Zeta Global will post -0.16 EPS for the current year.

Insiders Place Their Bets

In other news, COO Steven H. Gerber purchased 13,250 shares of the company's stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $18.55 per share, with a total value of $245,787.50. Following the transaction, the chief operating officer now owns 2,940,811 shares of the company's stock, valued at $54,552,044.05. This represents a 0.45 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David Steinberg acquired 53,676 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $19.24 per share, with a total value of $1,032,726.24. Following the completion of the purchase, the chief executive officer now owns 65,310 shares of the company's stock, valued at $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 129,901 shares of company stock worth $2,471,244 in the last three months. Corporate insiders own 25.54% of the company's stock.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently bought and sold shares of ZETA. D.A. Davidson & CO. lifted its position in shares of Zeta Global by 1.6% during the fourth quarter. D.A. Davidson & CO. now owns 64,223 shares of the company's stock valued at $1,155,000 after buying an additional 987 shares during the last quarter. Principal Financial Group Inc. lifted its position in Zeta Global by 10.1% during the fourth quarter. Principal Financial Group Inc. now owns 149,788 shares of the company's stock valued at $2,695,000 after acquiring an additional 13,730 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in Zeta Global by 20.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 95,330 shares of the company's stock valued at $1,715,000 after acquiring an additional 16,272 shares during the last quarter. Rhumbline Advisers boosted its stake in Zeta Global by 2.4% in the fourth quarter. Rhumbline Advisers now owns 247,464 shares of the company's stock valued at $4,452,000 after acquiring an additional 5,896 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Zeta Global by 9.6% during the fourth quarter. Blue Trust Inc. now owns 22,833 shares of the company's stock worth $411,000 after purchasing an additional 2,002 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Company Profile

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.