Zeta Global (NYSE:ZETA) Price Target Lowered to $40.00 at Royal Bank of Canada

Zeta Global (NYSE:ZETA) had its target price lowered by equities researchers at Royal Bank of Canada from $43.00 to $40.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 118.58% from the company’s previous close.

ZETA has been the subject of several other reports. The Goldman Sachs Group assumed coverage on shares of Zeta Global in a research note on Wednesday, December 11th. They issued a “neutral” rating and a $30.00 price target for the company. KeyCorp cut Zeta Global from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. B. Riley lifted their price target on Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Roth Mkm lifted their target price on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, Barclays raised their target price on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.64.

Zeta Global Price Performance

NYSE ZETA traded down $0.44 during trading hours on Friday, reaching $18.30. 2,069,103 shares of the stock traded hands, compared to its average volume of 3,562,649. The stock has a 50 day simple moving average of $23.12 and a two-hundred day simple moving average of $23.64. Zeta Global has a 1 year low of $7.84 and a 1 year high of $38.20. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.32 and a quick ratio of 3.32. The company has a market cap of $4.35 billion, a price-to-earnings ratio of -26.14 and a beta of 1.12.

Zeta Global (NYSE:ZETA) last released its earnings results on Monday, November 11th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The firm had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.27) EPS. On average, analysts predict that Zeta Global will post -0.16 EPS for the current fiscal year.

Insider Activity

In other news, CEO David Steinberg purchased 53,676 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of $19.24 per share, for a total transaction of $1,032,726.24. Following the purchase, the chief executive officer now directly owns 65,310 shares in the company, valued at approximately $1,256,564.40. This trade represents a 461.37 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Imran Khan acquired 55,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average cost of $18.96 per share, for a total transaction of $1,042,800.00. Following the completion of the transaction, the director now directly owns 55,000 shares in the company, valued at $1,042,800. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 129,901 shares of company stock worth $2,471,244. Corporate insiders own 25.54% of the company’s stock.

Institutional Trading of Zeta Global

Large investors have recently made changes to their positions in the stock. Wolff Wiese Magana LLC bought a new stake in Zeta Global during the third quarter valued at approximately $26,000. Farther Finance Advisors LLC increased its stake in shares of Zeta Global by 3,885.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,395 shares of the company’s stock worth $42,000 after purchasing an additional 1,360 shares in the last quarter. Covestor Ltd raised its holdings in Zeta Global by 2,902.0% in the 3rd quarter. Covestor Ltd now owns 1,501 shares of the company’s stock worth $45,000 after purchasing an additional 1,451 shares during the period. Advisors Asset Management Inc. lifted its position in Zeta Global by 104.1% during the third quarter. Advisors Asset Management Inc. now owns 2,227 shares of the company’s stock valued at $66,000 after purchasing an additional 1,136 shares in the last quarter. Finally, Quest Partners LLC grew its holdings in Zeta Global by 1,718.9% during the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock valued at $41,000 after purchasing an additional 2,183 shares during the period. 87.75% of the stock is currently owned by 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.