Zeta Global Holdings Corp. (NYSE:ZETA) Given Average Rating of “Moderate Buy” by Brokerages

Zeta Global Holdings Corp. (NYSE:ZETA) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $29.00.

ZETA has been the topic of a number of recent research reports. Wall Street Zen lowered Zeta Global from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. DA Davidson boosted their target price on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Morgan Stanley raised their price target on Zeta Global from $23.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, January 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, January 21st. Finally, The Goldman Sachs Group boosted their price objective on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th.

Institutional Trading of Zeta Global

A number of institutional investors and hedge funds have recently modified their holdings of ZETA. New York State Common Retirement Fund grew its position in shares of Zeta Global by 235.8% in the 3rd quarter. New York State Common Retirement Fund now owns 684,303 shares of the company’s stock valued at $13,597,000 after purchasing an additional 480,495 shares during the period. Stanley Laman Group Ltd. acquired a new stake in Zeta Global during the 3rd quarter worth approximately $2,834,000. Stephens Investment Management Group LLC lifted its stake in Zeta Global by 92.8% in the third quarter. Stephens Investment Management Group LLC now owns 1,802,642 shares of the company’s stock valued at $35,818,000 after buying an additional 867,540 shares in the last quarter. Perkins Capital Management Inc. bought a new position in Zeta Global in the third quarter valued at approximately $1,143,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Zeta Global by 314.1% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 134,977 shares of the company’s stock valued at $2,682,000 after buying an additional 102,380 shares during the period. 87.75% of the stock is owned by institutional investors.

Zeta Global Trading Up 0.0%

Shares of ZETA opened at $15.80 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3.86 billion, a PE ratio of -105.31, a PEG ratio of 1.85 and a beta of 1.28. Zeta Global has a 1 year low of $10.69 and a 1 year high of $24.90. The stock has a 50 day simple moving average of $17.19 and a 200-day simple moving average of $18.70.

Zeta Global (NYSE:ZETA) last issued its earnings results on Tuesday, February 24th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.23 by $0.05. The company had revenue of $394.64 million for the quarter, compared to the consensus estimate of $378.09 million. Zeta Global had a negative net margin of 2.42% and a positive return on equity of 1.35%. The firm’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. On average, sell-side analysts predict that Zeta Global will post -0.16 EPS for the current fiscal year.

Zeta Global Company Profile

Zeta Global, founded in 2007 and headquartered in New York City, is a leading data-driven marketing technology company. The firm’s mission centers on helping brands acquire, grow and retain customers through a unified customer lifecycle management platform. Over the years, Zeta Global has built a reputation for leveraging big data and predictive analytics to power digital marketing programs across multiple channels.

At the core of Zeta’s offering is the Zeta Marketing Platform, which combines identity resolution, audience insights and real-time engagement capabilities.