Zeta Global (NYSE:ZETA) Raised to Buy at Wall Street Zen

Zeta Global (NYSE:ZETA) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Other research analysts have also recently issued reports about the stock. KeyCorp raised their target price on shares of Zeta Global from $22.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Freedom Capital cut Zeta Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. William Blair set a $29.00 price target on Zeta Global in a research report on Thursday. B. Riley Financial restated a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of Zeta Global in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group set a $28.00 price objective on Zeta Global and gave the company a “neutral” rating in a report on Wednesday, June 24th. Ten investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.62.

Zeta Global Trading Up 3.3%

ZETA stock opened at $27.53 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 company’s 50-day simple moving average is $21.39 and its 200 day simple moving average is $18.92. Zeta Global has a 52 week low of $14.36 and a 52 week high of $28.50. The company has a market capitalization of $6.86 billion, a PE ratio of -1,376.50, a price-to-earnings-growth ratio of 3.81 and a beta of 1.39.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings data 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 business had revenue of $442.77 million during the quarter, compared to analyst estimates of $420.61 million. Zeta Global had a positive return on equity of 5.32% and a negative net margin of 0.15%.Zeta Global’s revenue for the quarter was up 43.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.10) EPS. As a group, sell-side analysts anticipate that Zeta Global will post 0.21 earnings per share for the current year.

Insider Transactions at Zeta Global

In related news, Director Jeanine Silberblatt sold 7,500 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $19.89, for a total value of $149,175.00. Following the completion of the transaction, the director owned 50,350 shares of the company’s stock, valued at $1,001,461.50. This represents a 12.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.74% of the stock is currently owned by corporate insiders.

Institutional Trading of Zeta Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. boosted its holdings in shares of Zeta Global by 34.2% during the 1st quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock valued at $62,000 after acquiring an additional 1,168 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Zeta Global by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 106,371 shares of the company’s stock worth $1,442,000 after acquiring an additional 4,631 shares during the last quarter. Caxton Associates LLP acquired a new position in Zeta Global in the 1st quarter worth about $205,000. Woodline Partners LP acquired a new position in Zeta Global in the 1st quarter worth about $222,000. Finally, Strs Ohio bought a new position in Zeta Global in the first quarter valued at about $117,000. Institutional investors own 87.75% of the company’s stock.

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.