Needham & Company LLC Reaffirms "Buy" Rating for Zeta Global (NYSE:ZETA)

Zeta Global (NYSE:ZETA - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They presently have a $43.00 target price on the stock. Needham & Company LLC's price objective points to a potential upside of 131.76% from the stock's current price.

Several other equities research analysts also recently commented on the stock. William Blair restated an "outperform" rating on shares of Zeta Global in a research report on Thursday, December 19th. Morgan Stanley reduced their target price on Zeta Global from $26.00 to $23.00 and set an "equal weight" rating for the company in a report on Monday. Roth Mkm lifted their price target on Zeta Global from $33.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, October 1st. Craig Hallum increased their price objective on Zeta Global from $37.00 to $45.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, KeyCorp cut Zeta Global from an "overweight" rating to a "sector weight" rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Zeta Global has an average rating of "Moderate Buy" and a consensus price target of $37.43.

Zeta Global Price Performance

Zeta Global stock traded down $0.26 during mid-day trading on Thursday, hitting $18.55. The company's stock had a trading volume of 4,276,367 shares, compared to its average volume of 4,383,583. Zeta Global has a twelve month low of $9.23 and a twelve month high of $38.20. The stock's fifty day moving average price is $20.96 and its two-hundred day moving average price is $23.77. The stock has a market capitalization of $4.41 billion, a P/E ratio of -26.51, a P/E/G ratio of 1.28 and a beta of 1.17. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

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

Insider Buying and Selling at Zeta Global

In other news, CFO Christopher E. Greiner purchased 7,975 shares of the company's stock in a transaction dated Monday, November 18th. The shares were bought at an average price of $18.80 per share, with a total value of $149,930.00. Following the completion of the transaction, the chief financial officer now directly owns 2,330,010 shares in the company, valued at $43,804,188. This trade represents a 0.34 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Steinberg bought 53,676 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price 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 directly owns 65,310 shares in the company, valued at $1,256,564.40. The trade was a 461.37 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 129,901 shares of company stock worth $2,471,244 over the last three months. Corporate insiders own 25.54% of the company's stock.

Institutional Investors Weigh In On Zeta Global

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wolff Wiese Magana LLC bought a new stake in Zeta Global in the 3rd quarter valued at $26,000. Quest Partners LLC increased its stake in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company's stock valued at $41,000 after acquiring an additional 2,183 shares during the period. Farther Finance Advisors LLC raised its holdings in Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company's stock valued at $42,000 after acquiring an additional 1,360 shares in the last quarter. Covestor Ltd grew its holdings in shares of Zeta Global by 2,902.0% during the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company's stock worth $45,000 after purchasing an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company's stock valued at $66,000 after purchasing an additional 1,136 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

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.