Zeta Global (NYSE:ZETA) Receives “Outperform” Rating from William Blair

Zeta Global (NYSE:ZETA)‘s stock had its “outperform” rating reissued by analysts at William Blair in a note issued to investors on Thursday,RTT News reports.

A number of other research analysts have also weighed in on ZETA. DA Davidson boosted their target price on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. B. Riley upped their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Truist Financial reissued a “buy” rating and issued a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research report on Tuesday, November 12th. Bank of America lifted their target price on shares of Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 price target on shares of Zeta Global in a report on Tuesday, December 10th. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and an average price target of $37.86.

Zeta Global Stock Performance

Shares of ZETA stock opened at $19.40 on Thursday. The company has a fifty day moving average price of $24.96 and a two-hundred day moving average price of $23.52. Zeta Global has a one year low of $7.84 and a one year high of $38.20. The stock has a market cap of $4.61 billion, a P/E ratio of -27.71 and a beta of 1.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32.

Zeta Global (NYSE:ZETA) last issued its earnings results 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 firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.27) earnings per share. As a group, equities analysts predict that Zeta Global will post -0.16 EPS for the current year.

Insider Activity at Zeta Global

In other news, CEO David Steinberg purchased 53,676 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the transaction, the chief executive officer now owns 65,310 shares of the company’s stock, valued at approximately $1,256,564.40. The trade was a 461.37 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Christopher E. Greiner acquired 7,975 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 2,330,010 shares of the company’s stock, valued at approximately $43,804,188. This represents a 0.34 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 129,901 shares of company stock worth $2,471,244. Company insiders own 25.54% of the company’s stock.

Institutional Investors Weigh In On Zeta Global

A number of large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in shares of Zeta Global by 31.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock worth $51,980,000 after buying an additional 413,577 shares during the last quarter. Empowered Funds LLC acquired a new position in Zeta Global during the third quarter worth about $5,644,000. Qsemble Capital Management LP bought a new position in shares of Zeta Global in the third quarter worth about $1,752,000. Victory Capital Management Inc. boosted its stake in shares of 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 in the last quarter. Finally, Barclays PLC boosted its stake in shares of Zeta Global by 36.4% in the 3rd quarter. Barclays PLC now owns 420,518 shares of the company’s stock valued at $12,544,000 after purchasing an additional 112,238 shares in the last quarter. Institutional investors and hedge funds own 87.75% of the company’s stock.

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.