Zeta Global Holdings Corp. (NYSE:ZETA) Receives $28.33 Consensus Target Price from Brokerages

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have received an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $27.8333.

A number of equities analysts have recently weighed in on ZETA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a research note on Monday, April 20th. DA Davidson increased their price target on Zeta Global from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, February 26th. The Goldman Sachs Group lifted their price target on Zeta Global from $23.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Bank of America initiated coverage on Zeta Global in a research report on Tuesday. They issued a “buy” rating and a $24.00 price objective on the stock. Finally, KeyCorp upgraded Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a research note on Tuesday, April 28th.

Hedge Funds Weigh In On Zeta Global

Several institutional investors have recently added to or reduced their stakes in ZETA. Cornerstone Planning Group LLC raised its position in Zeta Global by 3,150.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after acquiring an additional 1,260 shares during the period. DV Equities LLC bought a new position in shares of Zeta Global during the 4th quarter valued at approximately $29,000. Binnacle Investments Inc bought a new position in shares of Zeta Global during the 3rd quarter valued at approximately $30,000. United Community Bank purchased a new stake in shares of Zeta Global during the 4th quarter worth approximately $31,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Zeta Global by 204.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the company’s stock worth $33,000 after purchasing an additional 1,406 shares during the period. Institutional investors own 87.75% of the company’s stock.

Zeta Global Stock Performance

NYSE ZETA opened at $18.79 on Monday. The company has a fifty day moving average price of $16.99 and a 200-day moving average price of $18.18. The firm has a market cap of $4.59 billion, a price-to-earnings ratio of -170.77, a PEG ratio of 2.81 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. Zeta Global has a 1 year low of $12.10 and a 1 year high of $24.90.

Zeta Global (NYSE:ZETA) last released its quarterly earnings results on Tuesday, February 24th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.05. The company had revenue of $394.64 million for the quarter, compared to analyst estimates of $378.09 million. Zeta Global had a negative net margin of 1.62% and a positive return on equity of 2.91%. The firm’s revenue was up 25.4% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. As a group, equities research analysts predict that Zeta Global will post 0.21 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.