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

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

Zeta Global Stock Performance

NYSE:ZETA traded down $1.02 during trading hours on Tuesday, reaching $20.61. 12,801,830 shares of the stock were exchanged, compared to its average volume of 5,385,735. Zeta Global has a 52 week low of $9.97 and a 52 week high of $38.20. 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 stock has a market capitalization of $4.89 billion, a P/E ratio of -29.45, a P/E/G ratio of 1.65 and a beta of 1.17. The firm has a 50 day simple moving average of $19.45 and a 200-day simple moving average of $23.89.

Analyst Ratings Changes

ZETA has been the topic of a number of research analyst reports. KeyCorp lowered Zeta Global from an “overweight” rating to a “sector weight” rating in a research note on Thursday, November 14th. Morgan Stanley decreased their target price on shares of Zeta Global from $26.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Craig Hallum increased their price target on shares of Zeta Global from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada lowered their price objective on shares of Zeta Global from $43.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, Barclays increased their target price on Zeta Global from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Zeta Global has a consensus rating of “Moderate Buy” and a consensus price target of $37.43.

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.