Zeta Global (NASDAQ:ZETA) Given “Buy” Rating at Roth Mkm

Roth Mkm restated their buy rating on shares of Zeta Global (NASDAQ:ZETA) in a research note published on Tuesday, Benzinga reports. The brokerage currently has a $21.00 price target on the stock.

Several other research firms also recently weighed in on ZETA. DA Davidson boosted their target price on shares of Zeta Global from $15.00 to $19.00 and gave the stock 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. Bank of America boosted their price objective on Zeta Global from $15.00 to $18.00 and gave the company a buy rating in a report on Tuesday. William Blair reiterated an outperform rating on shares of Zeta Global in a research report on Wednesday, February 28th. Finally, Needham & Company LLC upped their price objective on Zeta Global from $13.00 to $18.00 and gave the stock a buy rating in a research report on Tuesday. Eleven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Zeta Global currently has a consensus rating of Buy and an average target price of $18.75.

Zeta Global Trading Up 1.4 %

NASDAQ ZETA opened at $15.79 on Tuesday. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -14.90 and a beta of 1.12. Zeta Global has a one year low of $7.24 and a one year high of $15.90. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.76 and a current ratio of 1.76. The company’s 50-day simple moving average is $11.63 and its two-hundred day simple moving average is $9.90.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.02. Zeta Global had a negative return on equity of 107.29% and a negative net margin of 22.20%. The firm had revenue of $195.00 million during the quarter, compared to analyst estimates of $187.16 million. During the same quarter in the prior year, the business posted ($0.38) EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. Equities analysts forecast that Zeta Global will post -0.45 EPS for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Halpern Financial Inc. raised its position in shares of Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after purchasing an additional 830 shares during the last quarter. Optas LLC acquired a new position in shares of Zeta Global during the fourth quarter valued at approximately $88,000. Blue Trust Inc. raised its holdings in shares of Zeta Global by 22.8% during the fourth quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock valued at $92,000 after acquiring an additional 2,037 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of Zeta Global in the fourth quarter valued at approximately $100,000. Finally, SlateStone Wealth LLC purchased a new stake in shares of Zeta Global during the first quarter worth approximately $135,000. 75.82% of the stock is owned by hedge funds and other institutional investors.

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.