Zeta Global (NYSE:ZETA) Earns Outperform Rating from William Blair

Zeta Global (NYSE:ZETA - Get Free Report)'s stock had its "outperform" rating reissued by equities research analysts at William Blair in a research report issued on Thursday,RTT News reports.

Several other research firms also recently weighed in on ZETA. Morgan Stanley dropped their price target on Zeta Global from $41.00 to $26.00 and set an "equal weight" rating for the company in a research note on Friday, November 15th. DA Davidson boosted their target price on Zeta Global from $39.00 to $42.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Craig Hallum increased their price objective on shares of Zeta Global from $37.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Canaccord Genuity Group increased their price target on Zeta Global from $24.00 to $28.00 and gave the stock a "buy" rating in a report on Wednesday, November 20th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $43.00 price objective on shares of Zeta Global in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.86.

Zeta Global Price Performance

Shares of NYSE ZETA traded down $0.27 during midday trading on Thursday, reaching $19.07. The stock had a trading volume of 7,641,254 shares, compared to its average volume of 3,813,015. 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 12-month low of $7.84 and a 12-month high of $38.20. The stock has a 50-day moving average of $25.21 and a 200-day moving average of $23.49. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of -27.24 and a beta of 1.12.

Zeta Global (NYSE:ZETA - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $268.30 million during the quarter, compared to analysts' expectations of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The company's quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.27) EPS. As a group, research analysts anticipate that Zeta Global will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO David Steinberg bought 53,676 shares of the business's stock in a transaction on Monday, November 18th. The shares were bought 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 of the company's stock, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Imran Khan bought 55,000 shares of Zeta Global stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the acquisition, the director now directly owns 55,000 shares of the company's stock, valued at $1,042,800. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders acquired 129,901 shares of company stock valued at $2,471,244 over the last 90 days. Corporate insiders own 25.54% of the company's stock.

Institutional Investors Weigh In On Zeta Global

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

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.