Zeta Global (NYSE:ZETA) Given “Buy” Rating at Needham & Company LLC

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating reissued by analysts at Needham & Company LLC in a report issued on Thursday,Benzinga reports. They currently have a $43.00 price objective on the stock. Needham & Company LLC’s price objective suggests a potential upside of 139.55% from the company’s previous close.

Several other research firms have also recently weighed in on ZETA. Truist Financial reaffirmed a “buy” rating and set a $42.00 target price (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Morgan Stanley reduced their target price on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday. Canaccord Genuity Group increased their price target on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Craig Hallum lifted their price objective on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, The Goldman Sachs Group began coverage on Zeta Global in a report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

Zeta Global Price Performance

NYSE:ZETA opened at $17.95 on Thursday. The stock has a market cap of $4.26 billion, a PE ratio of -25.64, a P/E/G ratio of 1.28 and a beta of 1.17. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The business’s 50-day simple moving average is $21.54 and its two-hundred day simple moving average is $23.85. Zeta Global has a 52 week low of $8.76 and a 52 week high of $38.20.

Zeta Global (NYSE:ZETA) last posted its quarterly earnings results on Monday, November 11th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same period in the prior year, the firm posted ($0.27) earnings per share. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. As a group, analysts forecast that Zeta Global will post -0.16 EPS for the current fiscal year.

Insider Activity

In other Zeta Global news, CFO Christopher E. Greiner bought 7,975 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $18.80 per share, with a total value of $149,930.00. Following the completion of the purchase, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. This represents a 0.34 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Imran Khan purchased 55,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average cost of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the purchase, the director now directly owns 55,000 shares in the company, valued at $1,042,800. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Zeta Global

Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in Zeta Global by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,240,872 shares of the company’s stock worth $37,015,000 after buying an additional 293,583 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Zeta Global by 31.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock worth $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 purchased a new stake in shares of Zeta Global in the third quarter valued at approximately $1,752,000. Finally, Victory Capital Management Inc. grew its stake in Zeta Global by 229.9% in the third quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock worth $2,048,000 after purchasing an additional 47,849 shares in the last quarter. Institutional investors own 87.75% of the company’s stock.

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.