Zeta Global (NYSE:ZETA) Price Target Cut to $23.00 by Analysts at Morgan Stanley

Zeta Global (NYSE:ZETA) had its price target trimmed by Morgan Stanley from $26.00 to $23.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts have also recently issued research reports about the stock. DA Davidson lifted their target price on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Canaccord Genuity Group lifted their price objective on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Oppenheimer increased their target price on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Royal Bank of Canada decreased their price target on Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.43.

Zeta Global Trading Up 4.4 %

Shares of ZETA stock opened at $17.95 on Monday. The business has a 50-day moving average price of $21.54 and a two-hundred day moving average price of $23.85. Zeta Global has a 12-month low of $8.76 and a 12-month high of $38.20. 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 firm has a market cap of $4.26 billion, a P/E ratio of -25.64 and a beta of 1.17.

Zeta Global (NYSE:ZETA) last released 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 return on equity of 45.22% and a negative net margin of 13.35%. The firm had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same quarter in the previous year, the firm earned ($0.27) EPS. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. Equities analysts anticipate that Zeta Global will post -0.16 EPS for the current fiscal year.

Insider Transactions at Zeta Global

In other news, Director Imran Khan purchased 55,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the transaction, the director now directly owns 55,000 shares of the company’s stock, valued at $1,042,800. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO David Steinberg acquired 53,676 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was purchased at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the acquisition, the chief executive officer now owns 65,310 shares of the company’s stock, valued at $1,256,564.40. This represents a 461.37 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 129,901 shares of company stock valued at $2,471,244. Company insiders own 25.54% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Lord Abbett & CO. LLC boosted its stake in Zeta Global by 85.0% during the third quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after acquiring an additional 2,623,980 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after purchasing an additional 674,192 shares in the last quarter. State Street Corp grew its stake in shares of Zeta Global by 12.2% in the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock worth $124,900,000 after buying an additional 455,944 shares during the last quarter. FMR LLC increased its position in Zeta Global by 84,132.4% during the 3rd quarter. FMR LLC now owns 3,561,347 shares of the company’s stock valued at $106,235,000 after buying an additional 3,557,119 shares in the last quarter. Finally, Summit Partners Public Asset Management LLC raised its stake in Zeta Global by 210.4% during 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 during the last quarter. 87.75% of the stock is currently owned by institutional investors.

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.