Zeta Global (NASDAQ:ZETA) Posts Earnings Results

Zeta Global (NASDAQ:ZETA) posted its quarterly earnings results on Wednesday. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26), Briefing.com reports. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 83.92%. The company had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. During the same period in the prior year, the business posted ($0.32) EPS. Zeta Global’s revenue for the quarter was up 32.6% compared to the same quarter last year. Zeta Global updated its FY 2024 guidance to EPS and its Q3 2024 guidance to EPS.

Zeta Global Price Performance

NASDAQ:ZETA traded down $0.98 during midday trading on Friday, reaching $23.01. The company had a trading volume of 5,748,708 shares, compared to its average volume of 3,563,003. The stock’s fifty day simple moving average is $17.96 and its 200-day simple moving average is $13.87. Zeta Global has a 12-month low of $7.24 and a 12-month high of $25.53. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.96.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Needham & Company LLC increased their price target on Zeta Global from $20.00 to $28.00 and gave the company a “buy” rating in a report on Thursday. B. Riley reiterated a “buy” rating and issued a $30.00 price objective (up from $24.00) on shares of Zeta Global in a research report on Thursday. Royal Bank of Canada increased their price objective on Zeta Global from $23.00 to $29.00 and gave the stock an “outperform” rating in a research report on Thursday. Truist Financial reiterated a “buy” rating and issued a $30.00 price objective (up from $23.00) on shares of Zeta Global in a research report on Thursday. Finally, Canaccord Genuity Group upgraded Zeta Global to a “strong-buy” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $28.00.

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.