Zeta Global (NYSE:ZETA – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.17), FiscalAI reports. The company had revenue of $395.00 million during the quarter, compared to analyst estimates of $420.61 million. Zeta Global had a positive return on equity of 2.91% and a negative net margin of 1.62%.
Zeta Global Price Performance
NYSE:ZETA traded up $1.72 during mid-day trading on Tuesday, reaching $24.28. 19,184,406 shares of the stock were exchanged, compared to its average volume of 8,769,299. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.22. The business has a fifty day moving average price of $20.92 and a 200 day moving average price of $18.73. Zeta Global has a 1-year low of $14.36 and a 1-year high of $25.95. The firm has a market capitalization of $6.05 billion, a PE ratio of -220.71, a PEG ratio of 3.19 and a beta of 1.39.
Insiders Place Their Bets
In other news, Director Jeanine Silberblatt sold 7,500 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $19.89, for a total transaction of $149,175.00. Following the completion of the transaction, the director owned 50,350 shares in the company, valued at approximately $1,001,461.50. This trade represents a 12.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 10.74% of the company’s stock.
Institutional Trading of Zeta Global
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Royal Bank Of Canada raised their target price on shares of Zeta Global from $27.00 to $29.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. B. Riley Financial reaffirmed a “buy” rating on shares of Zeta Global in a research note on Friday, May 1st. DA Davidson reiterated a “buy” rating and issued a $30.00 price objective on shares of Zeta Global in a report on Wednesday, June 24th. KeyCorp upgraded shares of Zeta Global from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective on the stock in a research note on Tuesday, April 28th. Finally, Bank of America boosted their target price on Zeta Global from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.
Get Our Latest Stock Analysis on Zeta Global
Zeta Global Company Profile
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.
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