Zeta Global (NYSE:ZETA) Announces Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Zeta Global (NYSE:ZETA) issued its quarterly earnings data on Tuesday. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.17), Zacks reports. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%.

Zeta Global Price Performance

Zeta Global stock traded down $1.02 during trading hours on Tuesday, hitting $20.61. 12,380,214 shares of the company traded hands, compared to its average volume of 5,367,828. Zeta Global has a 1-year low of $9.97 and a 1-year high of $38.20. The firm has a market cap of $4.89 billion, a P/E ratio of -29.45, a P/E/G ratio of 1.65 and a beta of 1.17. The firm’s 50-day simple moving average is $19.45 and its two-hundred day simple moving average is $23.89. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ZETA shares. DA Davidson lifted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Barclays lifted their price target on shares of Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Royal Bank of Canada cut their target price on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Oppenheimer upped 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. Finally, Morgan Stanley cut their price target on Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.43.

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.