Zeta Global Holdings Corp. (NASDAQ:ZETA) Receives $13.75 Average Price Target from Analysts

Shares of Zeta Global Holdings Corp. (NASDAQ:ZETA - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the five analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $13.75.

ZETA has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $13.00 price objective on shares of Zeta Global in a research note on Wednesday, February 28th. William Blair reiterated an "outperform" rating on shares of Zeta Global in a research report on Wednesday, February 28th. TheStreet upgraded shares of Zeta Global from a "d+" rating to a "c-" rating in a research report on Tuesday, January 30th. DA Davidson started coverage on shares of Zeta Global in a research report on Wednesday. They set a "buy" rating and a $15.00 target price on the stock. Finally, Morgan Stanley increased their price target on shares of Zeta Global from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 28th.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company's stock valued at $143,647,000 after purchasing an additional 370,912 shares during the last quarter. BlackRock Inc. raised its position in shares of Zeta Global by 23.5% in the 2nd quarter. BlackRock Inc. now owns 9,814,077 shares of the company's stock valued at $83,812,000 after acquiring an additional 1,868,870 shares during the period. Granahan Investment Management LLC raised its position in shares of Zeta Global by 15.3% in the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company's stock valued at $71,554,000 after acquiring an additional 1,076,208 shares during the period. Praesidium Investment Management Company LLC grew its holdings in Zeta Global by 1,549.5% during the fourth quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company's stock valued at $54,519,000 after purchasing an additional 5,806,578 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in Zeta Global by 0.4% during the first quarter. Clearbridge Investments LLC now owns 2,881,110 shares of the company's stock valued at $36,734,000 after purchasing an additional 10,300 shares during the period. 75.82% of the stock is owned by institutional investors.

Zeta Global Price Performance

Shares of Zeta Global stock traded up $0.08 during mid-day trading on Wednesday, reaching $10.53. 1,075,630 shares of the stock were exchanged, compared to its average volume of 1,339,782. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -8.70 and a beta of 1.20. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $11.55. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 1.02. The firm has a 50-day simple moving average of $10.33 and a 200 day simple moving average of $9.13.

Zeta Global (NASDAQ:ZETA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.36). The firm had revenue of $210.00 million for the quarter, compared to analyst estimates of $207.53 million. Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. The business's quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.36) EPS. On average, sell-side analysts predict that Zeta Global will post -0.45 EPS for the current fiscal year.

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.