Zeta Global (NYSE:ZETA - Get Free Report) issued its 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 firm had revenue of $314.67 million for the quarter, compared to analyst estimates of $294.93 million.
Zeta Global Stock Performance
NYSE:ZETA traded up $0.59 during trading on Friday, reaching $17.24. The company's stock had a trading volume of 8,656,452 shares, compared to its average volume of 6,140,883. 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 $4.09 billion, a price-to-earnings ratio of -24.62, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17. Zeta Global has a 12 month low of $9.97 and a 12 month high of $38.20. The firm has a 50 day moving average of $19.33 and a 200-day moving average of $23.73.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on ZETA shares. Truist Financial reaffirmed a "buy" rating and set a $42.00 target price (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $28.00 target price on shares of Zeta Global in a research report on Wednesday. Needham & Company LLC reaffirmed a "buy" rating and set a $43.00 target price on shares of Zeta Global in a research report on Wednesday. KeyCorp lowered Zeta Global from an "overweight" rating to a "sector weight" rating in a research report on Thursday, November 14th. Finally, Craig Hallum upped their target price on Zeta Global from $37.00 to $45.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $37.07.
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About Zeta Global
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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.
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