Zeta Global (NYSE:ZETA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Zeta Global (NYSE:ZETA) from a hold rating to a buy rating in a research report sent to investors on Sunday morning.

Other research analysts have also recently issued research reports about the stock. William Blair set a $29.00 price target on shares of Zeta Global in a research report on Thursday, August 6th. Needham & Company LLC increased their price target on Zeta Global from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. The Goldman Sachs Group set a $28.00 price objective on Zeta Global and gave the stock a “neutral” rating in a research report on Wednesday, June 24th. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a report on Friday, July 17th. Finally, Freedom Capital cut shares of Zeta Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Ten equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Zeta Global has a consensus rating of “Moderate Buy” and an average target price of $30.31.

Zeta Global Stock Performance

NYSE:ZETA opened at $29.14 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.38 and a current ratio of 2.38. The stock has a market capitalization of $7.26 billion, a PE ratio of -1,456.80, a P/E/G ratio of 3.93 and a beta of 1.39. Zeta Global has a fifty-two week low of $14.36 and a fifty-two week high of $29.18. The company has a fifty day moving average of $21.47 and a two-hundred day moving average of $18.98.

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

Insider Buying and Selling

In related news, Director Jeanine Silberblatt sold 7,500 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the transaction, the director owned 50,350 shares in the company, valued at approximately $1,001,461.50. The trade was a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 10.74% of the stock is owned by company insiders.

Institutional Investors Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently bought and sold shares of ZETA. Cornerstone Planning Group LLC raised its stake in shares of Zeta Global by 3,150.0% during the fourth quarter. Cornerstone Planning Group LLC now owns 1,300 shares of the company’s stock worth $26,000 after purchasing an additional 1,260 shares during the last quarter. DV Equities LLC purchased a new position in Zeta Global in the 4th quarter valued at $29,000. United Community Bank purchased a new position in Zeta Global in the 4th quarter valued at $31,000. Binnacle Investments Inc acquired a new position in Zeta Global in the 3rd quarter valued at $30,000. Finally, National Bank of Canada FI increased its stake in Zeta Global by 223.1% in the 3rd quarter. National Bank of Canada FI now owns 1,835 shares of the company’s stock valued at $36,000 after buying an additional 1,267 shares during the period. 87.75% of the stock is currently owned by institutional investors and hedge funds.

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.