Zeta Global (NYSE:ZETA) Given “Outperform” Rating at William Blair

Zeta Global (NYSE:ZETA)‘s stock had its “outperform” rating restated by equities research analysts at William Blair in a report released on Thursday,RTT News reports.

Several other analysts have also recently issued reports on ZETA. Morgan Stanley decreased their price objective on Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, November 15th. DA Davidson upped their price target on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 price objective on shares of Zeta Global in a research note on Tuesday, December 10th. The Goldman Sachs Group began coverage on shares of Zeta Global in a report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 target price on the stock. Finally, Oppenheimer increased their price target on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th. Four research 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.86.

Zeta Global Price Performance

Shares of Zeta Global stock traded up $0.22 on Thursday, hitting $19.56. 1,367,017 shares of the company traded hands, compared to its average volume of 3,786,033. 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 stock has a market capitalization of $4.64 billion, a P/E ratio of -27.94 and a beta of 1.12. The business has a 50-day simple moving average of $25.45 and a 200 day simple moving average of $23.52. Zeta Global has a 52 week low of $7.84 and a 52 week high of $38.20.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data 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 firm had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter in the previous year, the business earned ($0.27) EPS. The company’s revenue for the quarter was up 42.0% on a year-over-year basis. Research analysts expect that Zeta Global will post -0.16 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Imran Khan acquired 55,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the completion of the purchase, the director now directly owns 55,000 shares in the company, valued at $1,042,800. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Steven H. Gerber acquired 13,250 shares of Zeta Global stock in a transaction on 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 acquisition, 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 ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is currently owned by company insiders.

Institutional Trading of Zeta Global

A number of hedge funds have recently added to or reduced their stakes in the business. Wolff Wiese Magana LLC bought a new stake in shares of Zeta Global in the 3rd quarter valued at about $26,000. Farther Finance Advisors LLC increased its holdings in Zeta Global by 3,885.7% during the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock valued at $42,000 after buying an additional 1,360 shares during the period. Covestor Ltd raised its stake in Zeta Global by 2,902.0% in the third quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after buying an additional 1,451 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after buying an additional 1,136 shares during the period. Finally, Quest Partners LLC boosted its position in Zeta Global by 1,718.9% during the 2nd quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after acquiring an additional 2,183 shares in the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

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.