Zeta Global (NYSE:ZETA) Issues Quarterly Earnings Results

Zeta Global (NYSE:ZETA) issued its quarterly earnings data on Monday. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.26), Briefing.com reports. Zeta Global had a negative return on equity of 61.25% and a negative net margin of 13.35%. The company had revenue of $268.30 million during the quarter, compared to the consensus estimate of $252.68 million. During the same quarter last year, the company posted ($0.27) earnings per share. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. Zeta Global updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Zeta Global Stock Performance

ZETA opened at $28.22 on Wednesday. The company’s 50-day simple moving average is $29.05 and its two-hundred day simple moving average is $22.51. Zeta Global has a 52-week low of $7.65 and a 52-week high of $38.20. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98.

Wall Street Analyst Weigh In

Several brokerages have commented on ZETA. Barclays lowered shares of Zeta Global from an “overweight” rating to an “equal weight” rating and set a $28.00 price objective for the company. in a report on Friday, October 18th. Needham & Company LLC upped their target price on shares of Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research report on Tuesday. Canaccord Genuity Group upped their target price on shares of Zeta Global from $35.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada upped their target price on shares of Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, B. Riley upped their target price on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $39.08.

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.