According to Bloomberg Ratings, the stock of Zeta Global Holdings Corp. (NASDAQ: ZETA) has been given a recommendation of “Moderate Buy” by the six brokerages currently following the company. Two research analysts have assigned a hold recommendation to the stock, while four have issued a buy rating. The price objective for the next year has been established by analysts who have recently written research on the stock at $11.83.
Several different stock research analysts have written recent studies on the company. On Friday, December 9, a research note was published by B. Riley announcing that they have assumed coverage at Zeta Global. They recommended purchasing the stock and setting a target price of $13.00. Credit Suisse Group increased their target price on Zeta Global from $9.00 to $10.00 and gave the company a “neutral” rating in a research note published on Friday, February 24. Oppenheimer increased their price objective on Zeta Global from $12.00 to $14.00, giving the company an “outperform” rating in a report released on Friday, February 24. In a research note published on Friday, February 24, Needham & Company LLC reaffirmed a “buy” rating on shares of Zeta Global and set a price objective of $13.00 for the company. Barclays increased their price target on Zeta Global from $10.00 to $11.00, giving the company an “overweight” rating in a report published on Friday, February 24.
ZETA began trading on Tuesday for $9.54. The company’s simple moving average over the past 50 days is $9.61, and the simple moving average over the past 200 days is $8.46. There is a ratio of 1.44 debt to equity, a ratio of 1.84 for the quick ratio, and a ratio of 1.84 for the current ratio. The one-year low for Zeta Global is $4.09, while the one-year high for the company is $13.46. The company has a P/E ratio of -4.72 and a beta value of 1.49. The market capitalization of the company is $1.98 billion.
On Thursday, February 23, Zeta Global (NASDAQ: ZETA) shared its most recent quarterly results report with the investing community. Earnings per share for the quarter were reported at $0.36 for the company, which was $0.45 less than the consensus forecast of $0.09 among analysts. The actual revenue for the quarter was $175.14 million, which is significantly more than the analysts’ prediction of $160.60 million. The net margin for Zeta Global was negative by 47.25 percent, and the return on equity was negative by 248.74 percent. The growth in revenue for Zeta Global was 29.9% higher when measured against the same quarter from the previous year. The corporation made $0.35 in profit per share in the same period as the previous year. According to the forecasts of industry experts, Zeta Global will have a loss of 1.26 cents per share in 2018.
In other news, Director Robert H. Niehaus sold 129,905 shares of the company’s stock on Wednesday, February 15. The transaction took place. The stock was sold for $1,328,928.15 at an average price of $10.23 per share. Following the transaction, the director now directly owns 15,928,076 shares of the company, worth approximately $162,944,217.48. The acquisition was announced in a legal filing with the Securities and Exchange Commission, which can be seen here. In other news, on March 8, director Robert H. Niehaus sold 5,837 shares of Zeta Global stock. The shares were sold for $64,440.48 at an average price of $11.04. The transaction results in the director owning 15,246,891 shares of the company’s stock, valued at approximately $168,325,676.64. The transaction was announced in a filing with the Securities and Exchange Commission, which may be accessed at this link.
Additionally, Director Robert H. Niehaus sold 129,905 shares of company stock on February 15. The shares were sold for $1,328,928.15 at an average price of $10.23. The director now owns 15,928,076 shares of the company’s stock, valued at $162,944,217.48, following the sale. This sale’s disclosure may be found here. In the last ninety days, insiders sold 365,593 shares of company stock worth $3,797,452. Insiders control 46.61% of the stock in the company.
Numerous hedge funds and other institutional investors recently bought and sold equities. During the third quarter, Point72 Hong Kong Ltd. grew its stake in Zeta Global by 626.8%. After purchasing 3,842 more shares during the period, Point72 Hong Kong Ltd now owns 4,455 shares of the company’s stock, valued at $29,000. OneAscent Financial Services LLC purchased a new holding in Zeta Global in the third quarter, valued at roughly $67,000. In the third quarter, Investment Research & Advisory Group Inc. purchased a new investment in Zeta Global for roughly $293,000. White Pine Capital LLC purchased a new holding in Zeta Global in the second quarter worth roughly $59,000. Finally, Worth Venture Partners LLC acquired a fresh $99,000 position in Zeta Global in the third quarter. Institutional investors and hedge funds presently hold 35.21% of the stock.
Zeta Global Holdings Corp. operates an omnichannel, data-driven cloud platform that provides organizations with consumer intelligence and marketing automation tools in the United States and globally. Its Zeta Marketing Platform predicts consumer intent for omnichannel marketing using sophisticated machine learning algorithms and the industry’s opted-in data set, and its Consumer Data Platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer that includes identity, profile characteristics, behaviors, and purchase intent.