Needham & Company LLC Reiterates “Buy” Rating for Zeta Global (NYSE:ZETA)

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a research note issued to investors on Thursday,Benzinga reports. They presently have a $43.00 price target on the stock. Needham & Company LLC’s price target indicates a potential upside of 131.76% from the company’s previous close.

Several other research firms have also weighed in on ZETA. The Goldman Sachs Group initiated coverage on Zeta Global in a research report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 price target on the stock. Oppenheimer lifted their price objective on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Craig Hallum increased their target price on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Truist Financial restated a “buy” rating and set a $42.00 price target (up from $35.00) on shares of Zeta Global in a report on Tuesday, November 12th. Finally, KeyCorp downgraded shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research report on Thursday, November 14th. Four 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.43.

Zeta Global Stock Performance

Shares of ZETA stock opened at $18.55 on Thursday. 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 stock has a fifty day moving average of $20.96 and a 200 day moving average of $23.77. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of -26.51, a PEG ratio of 1.28 and a beta of 1.17. Zeta Global has a 52 week low of $9.23 and a 52 week high of $38.20.

Zeta Global (NYSE:ZETA) last announced its quarterly 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). Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The company had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter in the prior year, the firm earned ($0.27) EPS. Zeta Global’s quarterly revenue was up 42.0% compared to the same quarter last year. As a group, research analysts expect that Zeta Global will post -0.16 earnings per share for the current year.

Insider Transactions at Zeta Global

In other news, CFO Christopher E. Greiner acquired 7,975 shares of Zeta Global stock in a transaction dated Monday, November 18th. The stock was purchased at an average cost of $18.80 per share, with a total value of $149,930.00. Following the completion of the purchase, the chief financial officer now directly owns 2,330,010 shares in the company, valued at approximately $43,804,188. This trade represents a 0.34 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven H. Gerber acquired 13,250 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $18.55 per share, for a total transaction of $245,787.50. Following the completion of the transaction, the chief operating officer now directly owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 129,901 shares of company stock worth $2,471,244 in the last 90 days. 25.54% of the stock is currently owned by insiders.

Institutional Trading of Zeta Global

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