Zeta Global’s (ZETA) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Zeta Global (NYSE:ZETA) in a research note published on Tuesday,Benzinga reports. The brokerage currently has a $43.00 price target on the stock.

A number of other equities analysts have also recently issued reports on the stock. Canaccord Genuity Group boosted their price objective on shares of Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. B. Riley boosted their price target on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Barclays increased their price objective on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Roth Mkm boosted their target price on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. Finally, DA Davidson raised their price target on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Four research 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.86.

Zeta Global Stock Performance

NYSE ZETA opened at $21.76 on Tuesday. The company has a 50-day simple moving average of $26.31 and a two-hundred day simple moving average of $23.37. Zeta Global has a 12-month low of $7.84 and a 12-month high of $38.20. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of -31.09 and a beta of 1.12. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41.

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

Insider Activity at Zeta Global

In other Zeta Global news, Director Imran Khan bought 55,000 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the purchase, the director now owns 55,000 shares in the company, valued at approximately $1,042,800. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Steven H. Gerber purchased 13,250 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was acquired at an average price of $18.55 per share, with a total value of $245,787.50. Following the purchase, the chief operating officer now directly owns 2,940,811 shares of the company’s stock, valued at approximately $54,552,044.05. The trade was a 0.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 129,901 shares of company stock valued at $2,471,244 in the last 90 days. Corporate insiders own 25.54% of the company’s stock.

Institutional Trading of Zeta Global

Institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its holdings in Zeta Global by 84,132.4% in the third quarter. FMR LLC now owns 3,561,347 shares of the company’s stock worth $106,235,000 after purchasing an additional 3,557,119 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Zeta Global by 1,444.8% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after acquiring an additional 1,728,005 shares during the period. Summit Partners Public Asset Management LLC increased its position in Zeta Global by 210.4% during the third quarter. Summit Partners Public Asset Management LLC now owns 2,513,494 shares of the company’s stock valued at $74,978,000 after acquiring an additional 1,703,679 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Zeta Global in the second quarter worth about $28,698,000. Finally, Renaissance Technologies LLC increased its position in shares of Zeta Global by 85.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after purchasing an additional 929,800 shares during the last quarter. 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.