Morgan Stanley Issues Pessimistic Forecast for Zeta Global (NYSE:ZETA) Stock Price

Zeta Global (NYSE:ZETA - Free Report) had its target price cut by Morgan Stanley from $26.00 to $23.00 in a report published on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other brokerages have also weighed in on ZETA. B. Riley increased their target price on Zeta Global from $30.00 to $37.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Needham & Company LLC reissued a "buy" rating and issued a $43.00 target price on shares of Zeta Global in a research report on Tuesday, December 10th. Bank of America raised their price target on shares of Zeta Global from $30.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th. DA Davidson boosted their price target on Zeta Global from $39.00 to $42.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, Truist Financial reiterated a "buy" rating and set a $42.00 target price (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $37.43.

Zeta Global Stock Down 0.9 %

ZETA traded down $0.16 during trading on Monday, reaching $17.17. 4,435,539 shares of the stock were exchanged, compared to its average volume of 4,418,255. The stock's 50 day moving average price is $21.99 and its two-hundred day moving average price is $23.85. Zeta Global has a twelve month low of $8.76 and a twelve month high of $38.20. The stock has a market cap of $4.08 billion, a P/E ratio of -24.53 and a beta of 1.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32.

Zeta Global (NYSE:ZETA - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.26). The business had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. Zeta Global's quarterly revenue was up 42.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.27) EPS. Equities analysts expect that Zeta Global will post -0.16 EPS for the current year.

Insider Activity at Zeta Global

In other Zeta Global news, COO Steven H. Gerber acquired 13,250 shares of the stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $18.55 per share, with a total value of $245,787.50. Following the transaction, the chief operating officer now owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. The trade was a 0.45 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Imran Khan bought 55,000 shares of the business's stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $18.96 per share, for a total transaction of $1,042,800.00. Following the transaction, the director now owns 55,000 shares in the company, valued at $1,042,800. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 129,901 shares of company stock worth $2,471,244 over the last three months. Company insiders own 25.54% of the company's stock.

Hedge Funds Weigh In On Zeta Global

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of Zeta Global by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company's stock valued at $37,015,000 after buying an additional 293,583 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Zeta Global by 31.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company's stock valued at $51,980,000 after acquiring an additional 413,577 shares during the period. Empowered Funds LLC bought a new stake in shares of Zeta Global during the third quarter valued at approximately $5,644,000. Qsemble Capital Management LP bought a new position in shares of Zeta Global in the 3rd quarter worth $1,752,000. Finally, Victory Capital Management Inc. grew its position in Zeta Global by 229.9% in the 3rd quarter. Victory Capital Management Inc. now owns 68,660 shares of the company's stock valued at $2,048,000 after purchasing an additional 47,849 shares during the period. 87.75% of the stock is owned by institutional investors and hedge funds.

About Zeta Global

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.