Zeta Global Holdings Corp. (NASDAQ:ZETA - Get Free Report)'s share price gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $13.00, but opened at $15.55. Zeta Global shares last traded at $15.34, with a volume of 1,532,393 shares traded.
The company reported ($0.23) earnings per share for the quarter, beating analysts' consensus estimates of ($0.25) by $0.02. The company had revenue of $195.00 million during the quarter, compared to analyst estimates of $187.16 million. Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. The firm's quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the company posted ($0.38) earnings per share.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on ZETA. TheStreet raised shares of Zeta Global from a "d+" rating to a "c-" rating in a report on Tuesday, January 30th. Roth Mkm reissued a "buy" rating and issued a $21.00 target price on shares of Zeta Global in a research note on Tuesday. Barclays upped their price target on Zeta Global from $15.00 to $18.00 and gave the company an "overweight" rating in a research note on Tuesday. Needham & Company LLC raised their price target on Zeta Global from $13.00 to $18.00 and gave the company a "buy" rating in a report on Tuesday. Finally, B. Riley lifted their price target on shares of Zeta Global from $15.50 to $18.50 and gave the stock a "buy" rating in a research report on Tuesday. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $18.75.
View Our Latest Stock Analysis on Zeta Global
Hedge Funds Weigh In On Zeta Global
Several institutional investors and hedge funds have recently made changes to their positions in the company. Halpern Financial Inc. raised its holdings in Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company's stock worth $56,000 after buying an additional 830 shares during the period. Counterpoint Mutual Funds LLC raised its holdings in shares of Zeta Global by 9.4% during the first quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company's stock worth $136,000 after acquiring an additional 1,065 shares during the period. Essex Investment Management Co. LLC lifted its position in Zeta Global by 0.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company's stock valued at $2,486,000 after acquiring an additional 1,233 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in Zeta Global by 2.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 78,466 shares of the company's stock worth $655,000 after purchasing an additional 1,845 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Zeta Global by 22.8% during the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company's stock worth $92,000 after purchasing an additional 2,037 shares in the last quarter. Institutional investors and hedge funds own 75.82% of the company's stock.
Zeta Global Price Performance
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 stock has a market cap of $3.36 billion, a price-to-earnings ratio of -12.78 and a beta of 1.12. The company has a 50 day simple moving average of $11.33 and a 200-day simple moving average of $9.77.
About Zeta Global
(
Get Free Report)
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.
Further Reading
Before you consider Zeta Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Zeta Global wasn't on the list.
While Zeta Global currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
