Zeta Global (ZETA) Scheduled to Post Quarterly Earnings on Wednesday

Zeta Global (NASDAQ:ZETAGet Rating) is scheduled to announce its earnings results after the market closes on Wednesday, August 3rd. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Zeta Global has set its FY 2022 guidance at EPS and its Q2 2022 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

Zeta Global (NASDAQ:ZETAGet Rating) last announced its quarterly earnings results 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). The business had revenue of $126.27 million during the quarter, compared to the consensus estimate of $119.57 million. Zeta Global had a negative net margin of 61.52% and a negative return on equity of 389.93%. On average, analysts expect Zeta Global to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Zeta Global Trading Up 3.5 %

Shares of Zeta Global stock opened at $5.35 on Monday. The firm has a market capitalization of $1.09 billion and a PE ratio of -1.60. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.72 and a quick ratio of 1.72. The company’s fifty day moving average price is $5.85 and its two-hundred day moving average price is $8.84. Zeta Global has a 52-week low of $4.09 and a 52-week high of $13.46.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ZETA shares. Morgan Stanley lowered their price target on shares of Zeta Global from $10.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Barclays lowered their target price on shares of Zeta Global from $13.00 to $9.00 and set a “maintains” rating on the stock in a report on Tuesday, July 26th. Finally, Oppenheimer lowered their target price on shares of Zeta Global from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, June 3rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.50.

Insider Buying and Selling

In other Zeta Global news, SVP Satish Ravella sold 6,185 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $5.64, for a total transaction of $34,883.40. Following the transaction, the senior vice president now directly owns 239,228 shares in the company, valued at approximately $1,349,245.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Citigroup Inc. acquired a new position in Zeta Global during the 1st quarter valued at about $27,000. Clearbridge Investments LLC raised its position in shares of Zeta Global by 0.4% in the 1st quarter. Clearbridge Investments LLC now owns 2,881,110 shares of the company’s stock valued at $36,734,000 after acquiring an additional 10,300 shares during the period. State Street Corp raised its position in shares of Zeta Global by 23.6% in the 1st quarter. State Street Corp now owns 78,854 shares of the company’s stock valued at $1,005,000 after acquiring an additional 15,054 shares during the period. Jane Street Group LLC acquired a new stake in shares of Zeta Global in the 1st quarter valued at approximately $201,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Zeta Global in the 1st quarter valued at approximately $213,000. 23.25% of the stock is currently owned by institutional investors and hedge funds.

About Zeta Global

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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.

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