Zeta Global (NYSE:ZETA) Receives Outperform Rating from William Blair

William Blair reissued their outperform rating on shares of Zeta Global (NYSE:ZETA) in a research note published on Thursday,RTT News reports.

A number of other analysts also recently commented on the stock. KeyCorp downgraded shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. DA Davidson lifted their price target on shares of Zeta Global from $39.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Bank of America upped their price target on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Canaccord Genuity Group raised their price objective on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $43.00 target price on shares of Zeta Global in a research report on Tuesday, December 10th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.86.

Zeta Global Stock Performance

Shares of ZETA stock opened at $19.07 on Thursday. 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 50 day simple moving average of $25.21 and a 200-day simple moving average of $23.49. The company has a market cap of $4.53 billion, a price-to-earnings ratio of -27.24 and a beta of 1.12. Zeta Global has a 12-month low of $7.84 and a 12-month high of $38.20.

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

Insider Transactions at Zeta Global

In related news, CEO David Steinberg purchased 53,676 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 65,310 shares of the company’s stock, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christopher E. Greiner purchased 7,975 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was bought at an average price of $18.80 per share, for a total transaction of $149,930.00. Following the acquisition, the chief financial officer now owns 2,330,010 shares in the company, valued at $43,804,188. The trade was a 0.34 % 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 ninety days. 25.54% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently added to or reduced their stakes in ZETA. Principal Financial Group Inc. grew its stake in Zeta Global by 512.3% during the third quarter. Principal Financial Group Inc. now owns 136,058 shares of the company’s stock worth $4,059,000 after buying an additional 113,838 shares during the period. Lord Abbett & CO. LLC increased its holdings in Zeta Global by 85.0% in the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock valued at $170,332,000 after purchasing an additional 2,623,980 shares in the last quarter. Franklin Resources Inc. increased its holdings in Zeta Global by 86.0% in the 3rd quarter. Franklin Resources Inc. now owns 128,269 shares of the company’s stock valued at $3,984,000 after purchasing an additional 59,311 shares in the last quarter. Virtu Financial LLC purchased a new position in Zeta Global in the third quarter valued at about $757,000. Finally, Invst LLC acquired a new position in shares of Zeta Global during the third quarter worth about $959,000. Hedge funds and other institutional investors own 87.75% 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.