Zeta Global (NYSE:ZETA) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Zeta Global (NYSE:ZETA) in a research report released on Tuesday,Benzinga reports. They currently have a $43.00 price target on the stock.

A number of other research analysts have also recently issued reports on ZETA. KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Oppenheimer lifted their price objective on Zeta Global from $33.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Bank of America boosted their target price on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. DA Davidson raised their price target on Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, B. Riley boosted their price objective on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Four 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $37.86.

Zeta Global Stock Performance

Shares of ZETA stock opened at $21.76 on Tuesday. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $26.31 and a 200-day simple moving average of $23.37. The company has a market cap of $5.17 billion, a price-to-earnings ratio of -31.09 and a beta of 1.12. Zeta Global has a 12-month low of $7.84 and a 12-month high of $38.20.

Zeta Global (NYSE:ZETA) last released its earnings results on Monday, November 11th. The company reported ($0.09) EPS 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 business had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. During the same period last year, the business posted ($0.27) EPS. Zeta Global’s revenue was up 42.0% compared to the same quarter last year. On average, equities analysts forecast that Zeta Global will post -0.16 EPS for the current year.

Insider Buying and Selling at Zeta Global

In other Zeta Global news, CFO Christopher E. Greiner bought 7,975 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $18.80 per share, with a total value of $149,930.00. Following the transaction, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. This trade represents a 0.34 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO David Steinberg acquired 53,676 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the completion of the purchase, the chief executive officer now owns 65,310 shares of the company’s stock, valued at $1,256,564.40. This trade represents a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 129,901 shares of company stock worth $2,471,244. Insiders own 25.54% of the company’s stock.

Institutional Investors Weigh In On Zeta Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in Zeta Global by 31.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,742,555 shares of the company’s stock worth $51,980,000 after buying an additional 413,577 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of Zeta Global during the third quarter worth about $5,644,000. Qsemble Capital Management LP acquired a new position in shares of Zeta Global in the third quarter worth about $1,752,000. Victory Capital Management Inc. boosted its holdings in Zeta Global by 229.9% in the third quarter. Victory Capital Management Inc. now owns 68,660 shares of the company’s stock valued at $2,048,000 after purchasing an additional 47,849 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Zeta Global by 512.3% during the 3rd quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock valued at $4,059,000 after purchasing an additional 113,838 shares in the last quarter. Hedge funds and other institutional investors own 87.75% of the company’s stock.

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.