Zeta Global’s (ZETA) Buy Rating Reiterated at Needham & Company LLC

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating reissued by research analysts at Needham & Company LLC in a research report issued on Thursday,Benzinga reports. They currently have a $43.00 price target on the stock. Needham & Company LLC’s price target would suggest a potential upside of 139.55% from the stock’s previous close.

Several other brokerages have also recently weighed in on ZETA. Roth Mkm upped their price target on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Morgan Stanley dropped their target price on shares of Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday. The Goldman Sachs Group started coverage on shares of Zeta Global in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price target for the company. Royal Bank of Canada dropped their price objective on shares of 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, Oppenheimer raised their target price on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, November 12th. Four 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.43.

Zeta Global Trading Up 4.4 %

NYSE ZETA opened at $17.95 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.32 and a current ratio of 3.32. Zeta Global has a fifty-two week low of $8.76 and a fifty-two week high of $38.20. The stock has a market cap of $4.26 billion, a P/E ratio of -25.64, a price-to-earnings-growth ratio of 1.28 and a beta of 1.17. The stock has a 50 day simple moving average of $21.54 and a two-hundred day simple moving average of $23.85.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share 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 during the quarter, compared to the consensus estimate of $252.68 million. During the same quarter last year, the firm earned ($0.27) EPS. The business’s revenue was up 42.0% on a year-over-year basis. On average, analysts forecast that Zeta Global will post -0.16 earnings per share for the current year.

Insider Activity

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

Institutional Trading of Zeta Global

Large investors have recently modified their holdings of the company. FMR LLC boosted its position in Zeta Global by 84,132.4% in 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 last quarter. Lord Abbett & CO. LLC lifted its stake in shares of 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 during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of Zeta Global by 1,444.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after buying an additional 1,728,005 shares during the last quarter. Summit Partners Public Asset Management LLC grew its position 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 period. Finally, Renaissance Technologies LLC increased its holdings in Zeta Global by 85.4% during the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after buying an additional 929,800 shares during 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.