Zeta Global (NYSE:ZETA) Earns “Buy” Rating from Needham & Company LLC

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $43.00 price objective on the stock. Needham & Company LLC’s price objective points to a potential upside of 99.81% from the company’s current price.

ZETA has been the topic of several other research reports. Morgan Stanley dropped their price target on shares of Zeta Global from $41.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, November 15th. B. Riley upped their price target on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Royal Bank of Canada raised their price objective on Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday, November 11th. Bank of America boosted their price objective on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, KeyCorp cut shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.86.

Zeta Global Trading Up 0.3 %

NYSE ZETA opened at $21.52 on Tuesday. The stock’s fifty day moving average price is $26.47 and its 200-day moving average price is $23.38. The company has a current ratio of 3.32, a quick ratio of 3.32 and a debt-to-equity ratio of 0.41. The stock has a market cap of $5.11 billion, a P/E ratio of -30.74 and a beta of 1.12. Zeta Global has a 12 month low of $7.65 and a 12 month high of $38.20.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The firm had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter in the previous year, the firm earned ($0.27) earnings per share. Zeta Global’s revenue was up 42.0% on a year-over-year basis. As a group, equities analysts forecast that Zeta Global will post -0.16 EPS for the current fiscal year.

Insider Buying and Selling at Zeta Global

In related news, Director Imran Khan bought 55,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were bought at an average price of $18.96 per share, with a total value of $1,042,800.00. Following the transaction, the director now owns 55,000 shares in the company, valued at approximately $1,042,800. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David Steinberg bought 53,676 shares of Zeta Global stock in a transaction that occurred on Monday, November 18th. The stock was purchased at an average price of $19.24 per share, with a total value of $1,032,726.24. Following the purchase, the chief executive officer now directly owns 65,310 shares in the company, valued at $1,256,564.40. The trade was a 461.37 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 129,901 shares of company stock worth $2,471,244 over the last three months. Corporate insiders own 25.54% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZETA. Juncture Wealth Strategies LLC raised its holdings in shares of Zeta Global by 3.1% during the third quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock valued at $633,000 after acquiring an additional 634 shares during the last quarter. Essex Investment Management Co. LLC increased its position in shares of Zeta Global by 0.3% during the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock worth $9,137,000 after purchasing an additional 856 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in Zeta Global in the 3rd quarter valued at $26,000. HighTower Advisors LLC lifted its holdings in Zeta Global by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 22,383 shares of the company’s stock valued at $668,000 after purchasing an additional 892 shares in the last quarter. Finally, Amalgamated Bank boosted its stake in Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after purchasing an additional 948 shares during the last quarter. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Company Profile

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. The company’s 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.