Zeta Global Holdings Corp. (NASDAQ:ZETA) Given Consensus Rating of “Buy” by Brokerages

Zeta Global Holdings Corp. (NASDAQ:ZETA) has received a consensus recommendation of “Buy” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Twelve investment analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $20.77.

ZETA has been the subject of a number of recent analyst reports. Roth Mkm upped their price target on Zeta Global from $21.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Needham & Company LLC raised their price objective on shares of Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Bank of America upped their target price on Zeta Global from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, June 24th. DA Davidson increased their target price on Zeta Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, Royal Bank of Canada started coverage on Zeta Global in a research report on Tuesday, June 25th. They set an “outperform” rating and a $20.00 price target on the stock.

Zeta Global Stock Performance

Shares of ZETA stock opened at $17.25 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.89 and a current ratio of 1.89. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $18.58. The company has a market capitalization of $3.77 billion, a P/E ratio of -16.27 and a beta of 1.23. The stock has a 50 day moving average price of $16.53 and a two-hundred day moving average price of $12.54.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings results on Monday, May 6th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.02. The business had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. Zeta Global had a negative net margin of 22.20% and a negative return on equity of 101.48%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.38) EPS. Analysts expect that Zeta Global will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds have recently added to or reduced their stakes in the company. Praesidium Investment Management Company LLC increased its holdings in shares of Zeta Global by 1,549.5% in the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock worth $54,519,000 after purchasing an additional 5,806,578 shares in the last quarter. Capital World Investors purchased a new stake in shares of Zeta Global during the fourth quarter valued at $23,560,000. Ophir Asset Management Pty Ltd bought a new stake in Zeta Global in the 4th quarter worth about $19,682,000. Massachusetts Financial Services Co. MA purchased a new position in Zeta Global in the 4th quarter worth about $18,664,000. Finally, Granahan Investment Management LLC lifted its stake in Zeta Global by 15.3% during 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. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

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.