Roth Capital Comments on Zeta Global Holdings Corp.’s Q3 2024 Earnings (NYSE:ZETA)

Zeta Global Holdings Corp. (NYSE:ZETA) – Stock analysts at Roth Capital raised their Q3 2024 earnings per share estimates for Zeta Global in a research note issued on Tuesday, October 1st. Roth Capital analyst R. Baldry now anticipates that the company will post earnings per share of ($0.06) for the quarter, up from their previous estimate of ($0.07). The consensus estimate for Zeta Global’s current full-year earnings is ($0.41) per share. Roth Capital also issued estimates for Zeta Global’s FY2024 earnings at ($0.42) EPS, Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at $0.03 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.15 EPS and FY2025 earnings at $0.23 EPS.

A number of other equities research analysts also recently weighed in on ZETA. Canaccord Genuity Group lifted their target price on Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Truist Financial reissued a “buy” rating and set a $35.00 target price (up from $30.00) on shares of Zeta Global in a research report on Friday, September 27th. Oppenheimer lifted their target price on Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their price target on shares of Zeta Global from $29.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Finally, Morgan Stanley cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $18.00 to $30.00 in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $34.25.

Zeta Global Stock Up 3.9 %

ZETA stock opened at $31.04 on Thursday. Zeta Global has a twelve month low of $7.38 and a twelve month high of $32.11. The company has a market cap of $6.83 billion, a PE ratio of -29.28 and a beta of 1.27. The business’s 50-day simple moving average is $25.65 and its 200 day simple moving average is $18.79. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The business had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. During the same period in the prior year, the business posted ($0.32) earnings per share. The company’s revenue for the quarter was up 32.6% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Halpern Financial Inc. raised its stake in shares of Zeta Global by 18.6% in the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after acquiring an additional 830 shares during the last quarter. Amalgamated Bank grew its holdings in Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after acquiring an additional 948 shares during the period. Counterpoint Mutual Funds LLC grew its holdings in Zeta Global by 9.4% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock worth $136,000 after acquiring an additional 1,065 shares during the period. Essex Investment Management Co. LLC grew its holdings in Zeta Global by 0.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company’s stock worth $2,486,000 after acquiring an additional 1,233 shares during the period. Finally, Arizona State Retirement System grew its holdings in Zeta Global by 4.6% during the 2nd quarter. Arizona State Retirement System now owns 45,060 shares of the company’s stock worth $795,000 after acquiring an additional 1,980 shares during the period. Institutional investors own 75.82% 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.