Zeta Global (NYSE:ZETA) Issues Quarterly Earnings Results, Misses Expectations By $0.17 EPS

Zeta Global (NYSE:ZETA) posted its quarterly earnings results on Tuesday. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.17), Zacks reports. Zeta Global had a negative return on equity of 45.22% and a negative net margin of 13.35%.

Zeta Global Price Performance

Shares of Zeta Global stock traded down $1.02 on Tuesday, hitting $20.61. The company’s stock had a trading volume of 12,801,830 shares, compared to its average volume of 5,385,735. 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 firm has a fifty day moving average price of $19.45 and a 200-day moving average price of $23.89. Zeta Global has a 52-week low of $9.97 and a 52-week high of $38.20. The company has a market capitalization of $4.89 billion, a P/E ratio of -29.45, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17.

Analyst Ratings Changes

Several research firms have recently issued reports on ZETA. Royal Bank of Canada lowered their price objective on Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. William Blair reiterated an “outperform” rating on shares of Zeta Global in a research note on Thursday, December 19th. DA Davidson raised their price objective on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Canaccord Genuity Group boosted their target price on Zeta Global from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Finally, The Goldman Sachs Group initiated coverage on Zeta Global in a research report on Wednesday, December 11th. They set a “neutral” rating and a $30.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Zeta Global currently has an average rating of “Moderate Buy” and an average target price of $37.43.

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.