Zeta Global (NYSE:ZETA) Price Target Lowered to $40.00 at Royal Bank of Canada

Zeta Global (NYSE:ZETA) had its target price decreased by Royal Bank of Canada from $43.00 to $40.00 in a report published on Friday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Truist Financial reaffirmed a “buy” rating and issued a $42.00 price objective (up from $35.00) on shares of Zeta Global in a research note on Tuesday, November 12th. Bank of America upped their target price on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. William Blair reissued an “outperform” rating on shares of Zeta Global in a research report on Thursday, December 19th. The Goldman Sachs Group assumed coverage on shares of Zeta Global in a research report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price objective for the company. Finally, Barclays lifted their target price on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.64.

Zeta Global Stock Down 0.7 %

Shares of NYSE ZETA opened at $18.61 on Friday. Zeta Global has a 52-week low of $7.84 and a 52-week high of $38.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. The business has a fifty day moving average of $22.96 and a two-hundred day moving average of $23.66. The stock has a market cap of $4.42 billion, a PE ratio of -26.59 and a beta of 1.12.

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

Insiders Place Their Bets

In other Zeta Global news, CFO Christopher E. Greiner purchased 7,975 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of $18.80 per share, for a total transaction of $149,930.00. Following the completion of the acquisition, the chief financial officer now owns 2,330,010 shares of the company’s stock, valued at approximately $43,804,188. This trade represents a 0.34 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Steven H. Gerber bought 13,250 shares of Zeta Global stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of $18.55 per share, with a total value of $245,787.50. Following the completion of the purchase, the chief operating officer now directly owns 2,940,811 shares in the company, valued at $54,552,044.05. This trade represents a 0.45 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 129,901 shares of company stock valued at $2,471,244 in the last three months. 25.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently made changes to their positions in the company. Lord Abbett & CO. LLC grew its stake in shares of Zeta Global by 85.0% in the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after acquiring an additional 2,623,980 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock valued at $127,302,000 after purchasing an additional 674,192 shares during the period. State Street Corp grew its position in shares of Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after purchasing an additional 455,944 shares in the last quarter. FMR LLC increased its holdings in shares of Zeta Global by 84,132.4% during the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after purchasing an additional 3,557,119 shares during the period. Finally, Summit Partners Public Asset Management LLC raised its position in shares of Zeta Global by 210.4% in the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock valued at $74,978,000 after buying an additional 1,703,679 shares in the last quarter. Institutional investors 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.