Zeta Global Holdings Corp. (NYSE:ZETA) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate Zeta Global a “Moderate Buy”: Eleven of 15 analysts recommend buying the stock, with an average 12-month price target of $36.00 versus its recent $32.30 price.
• Institutional ownership is substantial: Hedge funds and other institutions own 87.75% of Zeta Global, with several major investors recently increasing their positions.
• Revenue growth remains strong but earnings missed expectations: Quarterly revenue rose 43.6% year over year to $442.77 million, exceeding forecasts, while adjusted earnings of $0.03 per share fell short of the $0.20 consensus estimate.

Shares of Zeta Global Holdings Corp. (NYSE:ZETA - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the fifteen analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $36.00.

Several research firms have recently issued reports on ZETA. Citigroup boosted their target price on Zeta Global from $26.00 to $35.00 and gave the company a "buy" rating in a research note on Tuesday, August 11th. Royal Bank Of Canada upped their target price on Zeta Global from $31.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, October 5th. Truist Financial raised their price target on Zeta Global from $30.00 to $38.00 and gave the stock a "buy" rating in a research note on Friday, October 9th. B. Riley Financial reiterated a "buy" rating on shares of Zeta Global in a report on Friday, October 9th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Zeta Global in a report on Friday, July 17th.

Institutional Investors Weigh In On Zeta Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. Contour Asset Management LLC lifted its position in Zeta Global by 26.3% during the 4th quarter. Contour Asset Management LLC now owns 11,162,626 shares of the company's stock valued at $227,159,000 after acquiring an additional 2,327,907 shares during the period. Bank of America Corp DE boosted its stake in Zeta Global by 47.7% during the first quarter. Bank of America Corp DE now owns 3,853,723 shares of the company's stock worth $61,351,000 after acquiring an additional 1,244,057 shares in the last quarter. Granahan Investment Management LLC boosted its stake in Zeta Global by 110.3% during the fourth quarter. Granahan Investment Management LLC now owns 2,617,630 shares of the company's stock worth $53,269,000 after acquiring an additional 1,373,164 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Zeta Global by 75.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,864,071 shares of the company's stock worth $45,583,000 after purchasing an additional 1,234,412 shares during the period. Finally, P2 Capital Partners LLC purchased a new stake in Zeta Global in the fourth quarter worth about $34,595,000. 87.75% of the stock is owned by hedge funds and other institutional investors.

Zeta Global Stock Down 4.4%

ZETA opened at $32.30 on Thursday. The stock has a market cap of $8.11 billion, a PE ratio of -1,614.90, a P/E/G ratio of 4.77 and a beta of 1.39. 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 has a 52 week low of $14.36 and a 52 week high of $34.92. The business's fifty day simple moving average is $30.35 and its 200 day simple moving average is $23.20.

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

About Zeta Global

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company's offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.

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