Shares of Zeta Global Holdings Corp. (NYSE:ZETA – Get Free Report) gapped down before the market opened on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $36.74, but opened at $33.30. Zeta Global shares last traded at $32.12, with a volume of 2,552,031 shares.
The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The company had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The business’s revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.27) EPS.
Wall Street Analyst Weigh In
Several research analysts have commented on ZETA shares. Roth Mkm lifted their price target on Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Royal Bank of Canada boosted their price objective on Zeta Global from $33.00 to $37.00 and gave the company an “overweight” rating in a research report on Monday. Oppenheimer boosted their price objective on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday. B. Riley boosted their price target on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, KeyCorp assumed coverage on Zeta Global in a research note on Tuesday, October 22nd. They issued an “overweight” rating and a $40.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $37.15.
Institutional Investors Weigh In On Zeta Global
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC bought a new stake in Zeta Global in the third quarter valued at about $26,000. Quest Partners LLC increased its holdings in shares of Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after acquiring an additional 2,183 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Zeta Global by 3,885.7% in the third quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after acquiring an additional 1,360 shares in the last quarter. Covestor Ltd increased its holdings in shares of 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 acquiring an additional 1,451 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of Zeta Global by 104.1% in the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock worth $66,000 after acquiring an additional 1,136 shares in the last quarter. Institutional investors own 75.82% of the company’s stock.
Zeta Global Stock Down 12.3 %
The firm has a fifty day simple moving average of $28.99 and a 200-day simple moving average of $22.40. The company has a market capitalization of $7.09 billion, a P/E ratio of -36.49 and a beta of 1.29. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85.
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.
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