Zeta Global (NYSE:ZETA) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Zeta Global (NYSE:ZETA) released its earnings results on Tuesday. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01), Briefing.com reports. Zeta Global had a negative net margin of 3.16% and a negative return on equity of 4.54%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the business posted ($0.09) earnings per share.

Zeta Global Stock Performance

Shares of Zeta Global stock traded down $0.88 on Tuesday, hitting $16.74. 11,784,423 shares of the company’s stock traded hands, compared to its average volume of 8,232,519. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.25 and a current ratio of 3.25. Zeta Global has a one year low of $10.69 and a one year high of $38.20. The firm’s 50-day moving average price is $19.43 and its two-hundred day moving average price is $16.45.

Analyst Upgrades and Downgrades

ZETA has been the subject of a number of research reports. DA Davidson raised their price objective on Zeta Global from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, September 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Zeta Global in a research note on Wednesday, October 8th. Truist Financial increased their target price on shares of Zeta Global from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Morgan Stanley boosted their price objective on Zeta Global from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Zeta Global from a “hold” rating to a “buy” rating in a research note on Saturday, September 20th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.67.

Institutional Investors Weigh In On Zeta Global

Several large investors have recently bought and sold shares of ZETA. Advisors Asset Management Inc. lifted its stake in 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 acquiring an additional 1,168 shares in the last quarter. Strs Ohio bought a new stake in Zeta Global during the 1st quarter worth about $117,000. Caxton Associates LLP bought a new stake in Zeta Global during the 1st quarter worth about $205,000. Woodline Partners LP acquired a new position in shares of Zeta Global during the 1st quarter worth about $222,000. Finally, M&T Bank Corp grew its stake in Zeta Global by 5.9% in the second quarter. M&T Bank Corp now owns 17,086 shares of the company’s stock valued at $264,000 after purchasing an additional 959 shares in the last quarter. 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.