Zeta Global (NYSE:ZETA) Posts Earnings Results, Misses Estimates By $0.17 EPS

Zeta Global (NYSE:ZETA - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.17), Zacks reports. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business had revenue of $314.67 million for the quarter, compared to analyst estimates of $294.93 million.

Zeta Global Stock Performance

Shares of NYSE:ZETA traded up $0.59 on Friday, reaching $17.24. 8,656,452 shares of the company's stock were exchanged, compared to its average volume of 6,140,883. The company has a market capitalization of $4.09 billion, a price-to-earnings ratio of -24.62, a PEG ratio of 1.65 and a beta of 1.17. Zeta Global has a twelve month low of $9.97 and a twelve month high of $38.20. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average of $19.33 and a 200-day moving average of $23.73.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ZETA shares. Craig Hallum boosted their target price on Zeta Global from $37.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. B. Riley reiterated a "buy" rating and issued a $44.00 price objective on shares of Zeta Global in a report on Wednesday. DA Davidson upped their price objective on shares of Zeta Global from $39.00 to $42.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Truist Financial reiterated a "buy" rating and issued a $42.00 price target (up previously from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $43.00 price target on shares of Zeta Global in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $37.07.

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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.