Zeta Global (NYSE:ZETA) Given Outperform Rating at Royal Bank of Canada

Royal Bank of Canada reaffirmed their outperform rating on shares of Zeta Global (NYSE:ZETA) in a report issued on Tuesday morning,Benzinga reports. The firm currently has a $43.00 price objective on the stock.

A number of other brokerages have also weighed in on ZETA. Morgan Stanley dropped their target price on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating for the company in a research report on Friday, November 15th. Oppenheimer raised their price objective on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th. Craig Hallum boosted their target price on Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Canaccord Genuity Group raised their price target on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, KeyCorp downgraded Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.86.

Zeta Global Trading Up 1.1 %

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

Zeta Global (NYSE:ZETA) last released its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The firm had revenue of $268.30 million for the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 45.22%. The firm’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.27) EPS. As a group, equities research analysts expect that Zeta Global will post -0.16 EPS for the current year.

Insider Activity

In other news, COO Steven H. Gerber bought 13,250 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was acquired at an average cost of $18.55 per share, with a total value of $245,787.50. Following the transaction, the chief operating officer now directly owns 2,940,811 shares in the company, valued at approximately $54,552,044.05. This trade represents a 0.45 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO David Steinberg purchased 53,676 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were purchased at an average cost of $19.24 per share, for a total transaction of $1,032,726.24. Following the transaction, the chief executive officer now directly owns 65,310 shares in the company, valued at approximately $1,256,564.40. This represents a 461.37 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 129,901 shares of company stock valued at $2,471,244. 25.54% of the stock is currently owned by insiders.

Institutional Trading of Zeta Global

A number of hedge funds have recently added to or reduced their stakes in ZETA. Geode Capital Management LLC grew its position in shares of Zeta Global by 18.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after buying an additional 674,192 shares during the last quarter. State Street Corp increased its stake in Zeta Global by 12.2% during the 3rd quarter. State Street Corp now owns 4,187,052 shares of the company’s stock valued at $124,900,000 after purchasing an additional 455,944 shares in the last quarter. FMR LLC raised its holdings in shares of Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after buying an additional 3,557,119 shares during the last quarter. Summit Partners Public Asset Management LLC lifted its stake in shares of Zeta Global by 210.4% during the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock worth $74,978,000 after buying an additional 1,703,679 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of Zeta Global by 85.4% during the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after buying an additional 929,800 shares during the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

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.