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

Key Points

• Zeta Global has a “Moderate Buy” consensus rating from 15 analysts, with 10 buys, four holds and one sell. The average 12-month price target is $30.77, with several firms recently raising targets to between $32 and $35.
• The company’s latest revenue reached $442.77 million, up 43.6% year over year and above expectations, but adjusted earnings of $0.03 per share missed the $0.20 consensus estimate.
• Zeta Global shares opened at $27.93, near their 52-week high of $29.89, while institutional investors own 87.75% of the stock. A company director recently sold 7,500 shares at an average price of $19.89.

Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) has been assigned an average rating of "Moderate Buy" from the fifteen research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $30.7692.

ZETA has been the topic of several research reports. Bank of America boosted their price target on shares of Zeta Global from $29.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. B. Riley Financial reiterated a "buy" rating and set a $32.00 price objective (up from $30.00) on shares of Zeta Global in a research report on Wednesday, August 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of Zeta Global in a research note on Friday, July 17th. Wall Street Zen upgraded shares of Zeta Global from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Finally, Citigroup boosted their target price on shares of Zeta Global from $26.00 to $35.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th.

Insider Buying and Selling

In other Zeta Global news, Director Jeanine Silberblatt sold 7,500 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $19.89, for a total transaction of $149,175.00. Following the sale, the director directly owned 50,350 shares of the company's stock, valued at $1,001,461.50. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 10.74% of the company's stock.

Institutional Investors Weigh In On Zeta Global

Several institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its holdings in Zeta Global by 3,150.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company's stock valued at $26,000 after buying an additional 1,260 shares during the period. DV Equities LLC bought a new stake in Zeta Global in the fourth quarter worth $29,000. Binnacle Investments Inc purchased a new position in Zeta Global during the third quarter worth $30,000. United Community Bank purchased a new position in Zeta Global during the fourth quarter worth $31,000. Finally, EverSource Wealth Advisors LLC increased its position in Zeta Global by 204.1% during the first quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company's stock valued at $33,000 after acquiring an additional 1,406 shares during the last quarter. 87.75% of the stock is owned by institutional investors.

Zeta Global Stock Performance

NYSE ZETA opened at $27.93 on Wednesday. The stock has a market capitalization of $7.01 billion, a PE ratio of -1,396.30, a P/E/G ratio of 4.02 and a beta of 1.39. The business has a 50 day simple moving average of $22.97 and a two-hundred day simple moving average of $19.61. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.38 and a quick ratio of 2.38. Zeta Global has a 1-year low of $14.36 and a 1-year high of $29.89.

Zeta Global (NYSE:ZETA - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.17). The firm had revenue of $442.77 million for the quarter, compared to analysts' expectations of $420.61 million. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.The firm's revenue was up 43.6% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share. On average, research analysts predict that Zeta Global will post 0.21 EPS for the current fiscal year.

About Zeta Global

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm's mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta's offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.

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