Zeta Global (NYSE:ZETA) Announces Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Zeta Global (NYSE:ZETA) posted its quarterly earnings results on Monday. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.10, FiscalAI reports. The firm had revenue of $492.66 million during the quarter, compared to the consensus estimate of $471.08 million. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.

Zeta Global Stock Performance

NYSE ZETA traded up $1.33 during trading on Monday, reaching $32.36. 7,543,003 shares of the company’s stock were exchanged, compared to its average volume of 8,125,020. The business has a 50 day moving average price of $31.68 and a 200-day moving average price of $22.77. The stock has a market capitalization of $8.12 billion, a P/E ratio of -1,617.80, a PEG ratio of 4.38 and a beta of 1.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.38 and a quick ratio of 2.38. Zeta Global has a fifty-two week low of $14.36 and a fifty-two week high of $35.75.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ZETA. Canaccord Genuity Group upped their price objective on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Freedom Capital cut shares of Zeta Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. The Goldman Sachs Group upgraded shares of Zeta Global from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $45.00 in a report on Friday, October 16th. Citigroup upped their price target on shares of Zeta Global from $26.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, August 11th. Finally, William Blair set a $29.00 price target on shares of Zeta Global in a research report on Thursday, August 6th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.06.

Zeta Global Company Profile

Zeta Global is a marketing technology company that helps businesses use consumer data and artificial intelligence to plan and deliver digital marketing. Its platform combines data, analytics and campaign tools to help organizations identify audiences and engage customers throughout the marketing lifecycle.

The company’s products support marketing activities such as customer acquisition, engagement and retention across channels including email, mobile, social media and the web. Zeta’s offerings include its Zeta Marketing Platform and the Zeta Data Cloud, which help clients manage audience insights and coordinate campaigns.

Founded in 2007 and headquartered in New York, Zeta Global serves businesses in multiple markets.