Zeta Global (NASDAQ:ZETA) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Zeta Global (NASDAQ:ZETA - Get Free Report) posted its earnings results on Monday. The company reported ($0.23) earnings per share for the quarter, beating analysts' consensus estimates of ($0.25) by $0.02, Briefing.com reports. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. Zeta Global's revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.38) earnings per share. Zeta Global updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

Zeta Global Price Performance

Shares of NASDAQ:ZETA traded up $2.37 during trading on Tuesday, hitting $15.37. 9,170,467 shares of the company's stock were exchanged, compared to its average volume of 1,571,115. The business's 50-day simple moving average is $11.33 and its 200 day simple moving average is $9.77. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76. Zeta Global has a 52-week low of $7.24 and a 52-week high of $15.90. The company has a market cap of $3.36 billion, a price-to-earnings ratio of -12.78 and a beta of 1.12.

Analysts Set New Price Targets

ZETA has been the topic of several recent research reports. B. Riley increased their price objective on shares of Zeta Global from $15.50 to $18.50 and gave the stock a "buy" rating in a research note on Tuesday. Barclays increased their price target on shares of Zeta Global from $15.00 to $18.00 and gave the stock an "overweight" rating in a research report on Tuesday. DA Davidson boosted their price objective on shares of Zeta Global from $15.00 to $19.00 and gave the company a "buy" rating in a research report on Tuesday. Needham & Company LLC lifted their target price on Zeta Global from $13.00 to $18.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Bank of America boosted their price target on Zeta Global from $15.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday. Eleven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Zeta Global currently has a consensus rating of "Buy" and a consensus price target of $18.75.

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.