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

Key Points

• Zeta Global has a “Moderate Buy” consensus among 14 analysts, with 10 buy ratings, three holds and one sell. The average 12-month price target is $30.77.
• Recent analysts raised price targets to between $30 and $34, although Freedom Capital downgraded the stock to “hold” and Weiss Ratings maintained a sell rating.
• Institutional ownership stands at 87.75%, while Zeta’s latest quarterly revenue rose 43.6% year over year to $442.77 million, exceeding estimates, though EPS missed consensus at $0.03 versus $0.20 expected.

Shares of Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $30.7692.

A number of analysts have weighed in on ZETA shares. Bank of America boosted their price target on Zeta Global from $29.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, August 19th. Needham & Company LLC raised their price objective on Zeta Global from $25.00 to $30.00 and gave the company a "buy" rating in a research note on Wednesday, August 5th. DA Davidson boosted their target price on Zeta Global from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Zeta Global in a research report on Friday, July 17th. Finally, Freedom Capital downgraded Zeta Global from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 6th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ZETA. Royal Bank of Canada grew its position in shares of Zeta Global by 69.8% in the first quarter. Royal Bank of Canada now owns 558,179 shares of the company's stock valued at $8,887,000 after purchasing an additional 229,533 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Zeta Global by 31.7% during the 1st quarter. California State Teachers Retirement System now owns 227,521 shares of the company's stock worth $3,622,000 after purchasing an additional 54,703 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Zeta Global by 133.5% during the 1st quarter. Cetera Investment Advisers now owns 79,181 shares of the company's stock worth $1,261,000 after purchasing an additional 45,264 shares during the last quarter. Strs Ohio boosted its stake in Zeta Global by 1,102.2% during the 1st quarter. Strs Ohio now owns 54,100 shares of the company's stock valued at $861,000 after purchasing an additional 49,600 shares during the period. Finally, Bank of America Corp DE grew its holdings in Zeta Global by 47.7% in the 1st quarter. Bank of America Corp DE now owns 3,853,723 shares of the company's stock valued at $61,351,000 after buying an additional 1,244,057 shares during the last quarter. Institutional investors own 87.75% of the company's stock.

Zeta Global Price Performance

NYSE ZETA opened at $30.16 on Friday. The company has a 50 day moving average price of $26.81 and a two-hundred day moving average price of $21.40. Zeta Global has a 12-month low of $14.36 and a 12-month high of $32.81. The stock has a market capitalization of $7.57 billion, a PE ratio of -1,508.15, a price-to-earnings-growth ratio of 4.27 and a beta of 1.43. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21.

Zeta Global (NYSE:ZETA - Get Free Report) last released 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 business had revenue of $442.77 million during the quarter, compared to analyst estimates of $420.61 million. Zeta Global had a negative net margin of 0.15% and a positive return on equity of 5.32%. The firm's revenue for the quarter was up 43.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) EPS. As a group, equities analysts predict that Zeta Global will post 0.21 earnings per share for the current fiscal year.

About Zeta Global

Zeta Global Holdings Corp. is a marketing technology company that helps brands acquire, grow and retain customers. Its platform combines consumer data, artificial intelligence and marketing automation to support audience identification, campaign planning, personalization and measurement across digital and traditional channels.

The company's principal offering is the Zeta Marketing Platform, which is designed to provide marketers with tools for managing customer data, generating insights and executing multichannel campaigns.

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