Zeta Global Holdings Corp. (NYSE:ZETA) Stock Has Average Price Target of $36.00

Zeta Global Holdings Corp. (NYSE:ZETA – Get Free Report) has earned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and twelve have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $37.06.

ZETA has been the subject of several research analyst reports. Bank of America lifted their price objective on Zeta Global from $29.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Wall Street Zen raised Zeta Global from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. New Street Research set a $38.00 target price on Zeta Global in a report on Friday, October 9th. Craig Hallum set a $38.00 target price on Zeta Global in a research note on Monday, October 12th. Finally, B. Riley Financial restated a “buy” rating on shares of Zeta Global in a research note on Friday, October 9th.

Get Our Latest Stock Report on ZETA

Zeta Global News Roundup

Here are the key news stories impacting Zeta Global this week:

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in Zeta Global by 69.8% in the first quarter. Royal Bank of Canada now owns 558,179 shares of the company’s stock valued at $8,887,000 after acquiring an additional 229,533 shares during the last quarter. Cetera Investment Advisers increased its position in Zeta Global by 133.5% in the first quarter. Cetera Investment Advisers now owns 79,181 shares of the company’s stock worth $1,261,000 after purchasing an additional 45,264 shares during the period. California State Teachers Retirement System increased its position in Zeta Global by 31.7% in the first quarter. California State Teachers Retirement System now owns 227,521 shares of the company’s stock worth $3,622,000 after purchasing an additional 54,703 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Zeta Global in the second quarter worth about $2,148,000. Finally, WINTON GROUP Ltd bought a new stake in Zeta Global during the 2nd quarter worth about $3,480,000. Institutional investors and hedge funds own 87.75% of the company’s stock.

Zeta Global Price Performance

NYSE:ZETA opened at $31.75 on Thursday. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.21. The firm has a market cap of $7.97 billion, a PE ratio of -1,587.65, a price-to-earnings-growth ratio of 4.49 and a beta of 1.39. Zeta Global has a 12 month low of $14.36 and a 12 month high of $35.75. The company’s 50-day moving average price is $30.62 and its two-hundred day moving average price is $23.39.

Zeta Global (NYSE:ZETA – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.17). The business had revenue of $442.77 million during the quarter, compared to analyst estimates of $420.61 million. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%. The firm’s revenue was up 43.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.10) earnings per share. On average, equities analysts anticipate that Zeta Global will post 0.21 EPS for the current fiscal year.

About Zeta Global

(Get Free Report)

Zeta Global is a technology company that provides data-driven marketing and customer-experience solutions to brands and agencies. Its platform helps organizations acquire, grow and retain customers by combining consumer data, artificial intelligence and marketing automation across digital channels.

The company’s offerings include the Zeta Marketing Platform, which supports audience discovery, campaign planning, activation, personalization and measurement. Zeta also provides data-management and analytics capabilities through its proprietary data assets, helping marketers develop customer insights and deliver coordinated campaigns across channels such as email, online advertising, connected television and other digital media.

Founded in 2007, Zeta Global serves enterprise marketers and agencies, primarily in the United States and other markets where digital advertising and customer-engagement services are in demand.

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Analyst Recommendations for Zeta Global (NYSE:ZETA)

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