Morgan Stanley Raises Zeta Global (NASDAQ:ZETA) Price Target to $18.00

Zeta Global (NASDAQ:ZETA) had its price objective lifted by analysts at Morgan Stanley from $17.00 to $18.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 15.98% from the stock’s current price.

ZETA has been the subject of several other research reports. Canaccord Genuity Group upped their target price on shares of Zeta Global from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Tuesday. TheStreet raised shares of Zeta Global from a “d+” rating to a “c-” rating in a report on Tuesday, January 30th. DA Davidson boosted their price target on shares of Zeta Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday. B. Riley boosted their price target on shares of Zeta Global from $15.50 to $18.50 and gave the company a “buy” rating in a report on Tuesday. Finally, Barclays upped their target price on shares of Zeta Global from $15.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday. Eleven investment analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $18.75.

Zeta Global Price Performance

Shares of ZETA traded up $2.52 on Tuesday, hitting $15.52. The company’s stock had a trading volume of 6,902,902 shares, compared to its average volume of 1,543,716. The company has a market capitalization of $3.39 billion, a PE ratio of -12.78 and a beta of 1.12. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.76 and a quick ratio of 1.76. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $15.90. The company has a 50 day moving average price of $11.33 and a 200 day moving average price of $9.77.

Zeta Global (NASDAQ:ZETA) last announced its earnings results on Monday, May 6th. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.02. The business had revenue of $195.00 million for the quarter, compared to the consensus estimate of $187.16 million. Zeta Global had a negative return on equity of 123.59% and a negative net margin of 25.73%. Zeta Global’s revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.38) EPS. On average, research analysts anticipate that Zeta Global will post -0.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of large investors have recently added to or reduced their stakes in ZETA. Swiss National Bank boosted its position in Zeta Global by 1.3% during the first quarter. Swiss National Bank now owns 309,600 shares of the company’s stock worth $3,384,000 after purchasing an additional 4,000 shares during the period. George Kaiser Family Foundation boosted its holdings in shares of Zeta Global by 8.2% during the 1st quarter. George Kaiser Family Foundation now owns 256,838 shares of the company’s stock worth $2,807,000 after buying an additional 19,455 shares during the period. Essex Investment Management Co. LLC grew its stake in Zeta Global by 0.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company’s stock valued at $2,486,000 after buying an additional 1,233 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Zeta Global by 9.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company’s stock valued at $423,000 after buying an additional 3,295 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Zeta Global by 18.9% in the 1st quarter. Principal Financial Group Inc. now owns 18,894 shares of the company’s stock valued at $207,000 after acquiring an additional 2,997 shares during the period. Institutional investors own 75.82% of the company’s stock.

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.