Zeta Global Holdings Corp. (NYSE:ZETA) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Zeta Global Holdings Corp. (NYSE:ZETA) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $30.77.

ZETA has been the topic of a number of recent research reports. William Blair set a $29.00 target price on Zeta Global in a research report on Thursday, August 6th. Bank of America increased their target price on shares of Zeta Global from $29.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. The Goldman Sachs Group set a $28.00 price objective on Zeta Global and gave the company a “neutral” rating in a research report on Wednesday, June 24th. Royal Bank Of Canada boosted their target price on shares of Zeta Global from $29.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Finally, Citigroup upped their price target on Zeta Global from $26.00 to $35.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th.

Zeta Global Stock Down 0.7%

ZETA stock opened at $29.57 on Friday. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of -1,478.45, a price-to-earnings-growth ratio of 4.25 and a beta of 1.43. The company has a 50-day moving average of $27.45 and a two-hundred day moving average of $21.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.38 and a quick ratio of 2.38. Zeta Global has a 52-week low of $14.36 and a 52-week high of $32.81.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.17). Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.The business had revenue of $442.77 million during the quarter, compared to the consensus estimate of $420.61 million. During the same period in the prior year, the firm earned ($0.10) earnings per share. The business’s quarterly revenue was up 43.6% on a year-over-year basis. As a group, equities research analysts anticipate that Zeta Global will post 0.21 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in shares of Zeta Global by 69.8% during the 1st quarter. Royal Bank of Canada now owns 558,179 shares of the company’s stock worth $8,887,000 after acquiring an additional 229,533 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Zeta Global by 133.5% during the 1st quarter. Cetera Investment Advisers now owns 79,181 shares of the company’s stock worth $1,261,000 after purchasing an additional 45,264 shares during the last quarter. California State Teachers Retirement System raised its stake in Zeta Global by 31.7% in the first quarter. California State Teachers Retirement System now owns 227,521 shares of the company’s stock valued at $3,622,000 after buying an additional 54,703 shares during the period. Strs Ohio raised its stake in Zeta Global by 1,102.2% in the 1st quarter. Strs Ohio now owns 54,100 shares of the company’s stock valued at $861,000 after acquiring an additional 49,600 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Zeta Global in the second quarter valued at about $2,148,000. Institutional investors own 87.75% of the company’s stock.

Zeta Global Company Profile

Zeta Global Holdings Corp. is a marketing technology company that helps brands acquire, grow and retain customers. Its platform combines consumer data, artificial intelligence and marketing automation to support audience identification, campaign planning, personalization and measurement across digital and traditional channels.

The company’s principal offering is the Zeta Marketing Platform, which is designed to provide marketers with tools for managing customer data, generating insights and executing multichannel campaigns.