Zeta Global (NYSE:ZETA) Issues Quarterly Earnings Results

Zeta Global (NYSE:ZETA) issued its earnings results on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.20), FiscalAI reports. Zeta Global had a negative return on equity of 1.22% and a negative net margin of 1.87%.The business had revenue of $394.64 million for the quarter, compared to analysts’ expectations of $379.25 million.

Zeta Global Price Performance

Shares of ZETA traded up $1.87 during trading hours on Tuesday, reaching $16.85. 17,774,527 shares of the company traded hands, compared to its average volume of 9,763,948. The stock has a market capitalization of $4.05 billion, a PE ratio of -140.36, a price-to-earnings-growth ratio of 1.68 and a beta of 1.26. The stock has a fifty day simple moving average of $19.23 and a 200 day simple moving average of $19.10. Zeta Global has a fifty-two week low of $10.69 and a fifty-two week high of $24.90. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.29.

Insider Transactions at Zeta Global

In other Zeta Global news, Director Jeanine Silberblatt sold 12,990 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $19.34, for a total transaction of $251,226.60. Following the sale, the director directly owned 57,850 shares of the company’s stock, valued at $1,118,819. This trade represents a 18.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ZETA. Mackenzie Financial Corp boosted its holdings in shares of Zeta Global by 4.8% during the third quarter. Mackenzie Financial Corp now owns 12,195 shares of the company’s stock worth $242,000 after purchasing an additional 560 shares during the last quarter. M&T Bank Corp grew its holdings in Zeta Global by 5.9% in the 2nd quarter. M&T Bank Corp now owns 17,086 shares of the company’s stock valued at $264,000 after buying an additional 959 shares during the period. Federation des caisses Desjardins du Quebec lifted its holdings in shares of Zeta Global by 159.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,880 shares of the company’s stock worth $38,000 after acquiring an additional 1,155 shares during the period. California State Teachers Retirement System raised its stake in Zeta Global by 0.7% during the second quarter. California State Teachers Retirement System now owns 178,040 shares of the company’s stock worth $2,758,000 after purchasing an additional 1,166 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Zeta Global by 34.2% in the 1st quarter. Advisors Asset Management Inc. now owns 4,579 shares of the company’s stock valued at $62,000 after purchasing an additional 1,168 shares during the last quarter. 87.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Zeta Global in a research report on Wednesday, January 21st. William Blair reaffirmed an “outperform” rating on shares of Zeta Global in a report on Monday, November 24th. B. Riley Financial boosted their price target on Zeta Global from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Citigroup assumed coverage on Zeta Global in a research note on Friday, November 21st. They issued a “buy” rating and a $26.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on Zeta Global from $23.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

About Zeta Global

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.