Brokerages Set Zeta Global Holdings Corp. (NASDAQ:ZETA) Target Price at $12.83

Zeta Global Holdings Corp. (NASDAQ:ZETA – Get Rating) has earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $12.83.

ZETA has been the topic of several research analyst reports. Oppenheimer cut their price target on Zeta Global from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, June 3rd. Needham & Company LLC reissued a “buy” rating and issued a $13.00 target price on shares of Zeta Global in a report on Thursday, February 24th.

In other news, SVP Satish Ravella sold 6,185 shares of the company’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $5.64, for a total value of $34,883.40. Following the completion of the sale, the senior vice president now owns 239,228 shares of the company’s stock, valued at $1,349,245.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional investors and hedge funds have recently modified their holdings of the stock. Citigroup Inc. purchased a new position in Zeta Global in the first quarter valued at about $27,000. GSA Capital Partners LLP purchased a new position in Zeta Global in the first quarter valued at about $169,000. Hennessy Advisors Inc. bought a new position in Zeta Global during the 4th quarter worth approximately $132,000. Jane Street Group LLC bought a new position in Zeta Global during the 1st quarter worth approximately $201,000. Finally, Engineers Gate Manager LP bought a new position in Zeta Global during the 1st quarter worth approximately $213,000. 23.25% of the stock is owned by hedge funds and other institutional investors.

Shares of ZETA opened at $5.05 on Tuesday. The stock has a 50-day simple moving average of $8.36 and a 200-day simple moving average of $9.47. The company has a debt-to-equity ratio of 1.76, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market capitalization of $1.02 billion and a PE ratio of -1.51. Zeta Global has a 1 year low of $4.79 and a 1 year high of $13.46.

Zeta Global (NASDAQ:ZETA – Get Rating) last announced its quarterly earnings data on Tuesday, May 10th. The company reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by ($0.16). Zeta Global had a negative net margin of 61.52% and a negative return on equity of 389.93%. The company had revenue of $126.27 million during the quarter, compared to analysts’ expectations of $119.57 million. Analysts predict that Zeta Global will post -1.75 EPS for the current year.

Zeta Global Company Profile (Get Rating)

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. Its 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.

See Also