William Blair Reiterates Outperform Rating for Zeta Global (NYSE:ZETA)

Zeta Global (NYSE:ZETA)‘s stock had its “outperform” rating reissued by stock analysts at William Blair in a research note issued on Thursday,RTT News reports.

ZETA has been the topic of several other research reports. KeyCorp downgraded shares of Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. The Goldman Sachs Group assumed coverage on shares of Zeta Global in a report on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price target for the company. Bank of America boosted their price objective on shares of Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, September 26th. B. Riley upped their target price on Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, DA Davidson lifted their price target on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Four 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 stock. According to data from MarketBeat, Zeta Global currently has an average rating of “Moderate Buy” and an average target price of $37.86.

Zeta Global Stock Up 1.1 %

Shares of NYSE ZETA traded up $0.22 during trading hours on Thursday, hitting $19.56. 1,367,017 shares of the stock were exchanged, compared to its average volume of 3,786,033. Zeta Global has a 12 month low of $7.84 and a 12 month high of $38.20. The firm has a fifty day moving average price of $25.45 and a 200-day moving average price of $23.52. The company has a quick ratio of 3.32, a current ratio of 3.32 and a debt-to-equity ratio of 0.41. The company has a market cap of $4.64 billion, a PE ratio of -27.94 and a beta of 1.12.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) 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 business had revenue of $268.30 million for the quarter, compared to analyst estimates of $252.68 million. During the same period in the previous year, the company posted ($0.27) earnings per share. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, sell-side analysts expect that Zeta Global will post -0.16 EPS for the current year.

Insider Buying and Selling

In other Zeta Global news, CFO Christopher E. Greiner bought 7,975 shares of Zeta Global stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $18.80 per share, with a total value of $149,930.00. Following the purchase, the chief financial officer now directly owns 2,330,010 shares in the company, valued at $43,804,188. This represents a 0.34 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Steven H. Gerber purchased 13,250 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was bought at an average cost of $18.55 per share, for a total transaction of $245,787.50. Following the purchase, the chief operating officer now directly owns 2,940,811 shares in the company, valued at $54,552,044.05. This trade represents a 0.45 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 129,901 shares of company stock valued at $2,471,244. Corporate insiders own 25.54% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ZETA. Lord Abbett & CO. LLC increased its stake in Zeta Global by 85.0% during the 3rd quarter. Lord Abbett & CO. LLC now owns 5,710,081 shares of the company’s stock worth $170,332,000 after buying an additional 2,623,980 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Zeta Global by 86.0% during the third quarter. Franklin Resources Inc. now owns 128,269 shares of the company’s stock worth $3,984,000 after purchasing an additional 59,311 shares in the last quarter. Virtu Financial LLC acquired a new position in Zeta Global in the 3rd quarter valued at $757,000. Invst LLC purchased a new position in Zeta Global in the 3rd quarter valued at $959,000. Finally, Geode Capital Management LLC boosted its stake in Zeta Global by 18.8% during the 3rd quarter. Geode Capital Management LLC now owns 4,266,679 shares of the company’s stock worth $127,302,000 after purchasing an additional 674,192 shares during the last quarter. 87.75% of the stock is owned by hedge funds and other institutional investors.

About Zeta Global

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.