Zeta Global (NYSE:ZETA) Releases Earnings Results

Zeta Global (NYSE:ZETA) issued its earnings results on Monday. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26), Briefing.com reports. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. The firm had revenue of $268.30 million during the quarter, compared to analyst estimates of $252.68 million. During the same quarter in the prior year, the business earned ($0.27) earnings per share. The business’s quarterly revenue was up 42.0% on a year-over-year basis. Zeta Global updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Zeta Global Price Performance

Shares of NYSE ZETA traded down $10.49 during midday trading on Wednesday, reaching $17.73. 45,247,757 shares of the stock traded hands, compared to its average volume of 2,858,822. The company’s 50 day moving average is $29.05 and its 200 day moving average is $22.51. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. Zeta Global has a one year low of $7.65 and a one year high of $38.20. The stock has a market capitalization of $3.90 billion, a PE ratio of -37.73 and a beta of 1.29.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ZETA. Canaccord Genuity Group lifted their price target on Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday. Truist Financial restated a “buy” rating and issued a $42.00 target price (up from $35.00) on shares of Zeta Global in a research note on Tuesday. Royal Bank of Canada lifted their price objective on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a report on Monday. B. Riley increased their target price 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. Finally, Oppenheimer upped their price target on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday. 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. Based on data from MarketBeat.com, Zeta Global currently has a consensus rating of “Buy” and an average price target of $40.23.

Zeta Global Company Profile

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.