Zeta Global (NASDAQ:ZETA) Research Coverage Started at Royal Bank of Canada

Royal Bank of Canada began coverage on shares of Zeta Global (NASDAQ:ZETA) in a report published on Tuesday morning, Marketbeat reports. The firm issued an outperform rating and a $20.00 price objective on the stock.

Other equities analysts have also issued research reports about the stock. B. Riley lifted 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, May 7th. Bank of America lifted their price target on shares of Zeta Global from $18.00 to $20.00 and gave the company a buy rating in a report on Monday, June 24th. DA Davidson lifted 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, May 7th. Needham & Company LLC lifted their price target on shares of Zeta Global from $18.00 to $20.00 and gave the company a buy rating in a report on Monday, June 17th. Finally, Canaccord Genuity Group lifted their price target on shares of Zeta Global from $13.00 to $17.00 and gave the company a buy rating in a report on Tuesday, May 7th. Twelve analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $20.59.

Zeta Global Stock Up 1.9 %

Shares of NASDAQ ZETA opened at $17.65 on Tuesday. The firm’s 50-day moving average is $15.65 and its two-hundred day moving average is $12.00. The company has a market capitalization of $3.86 billion, a PE ratio of -16.65 and a beta of 1.23. Zeta Global has a 12-month low of $7.24 and a 12-month high of $18.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.89 and a quick ratio of 1.89.

Zeta Global (NASDAQ:ZETA) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.02. The firm had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. Zeta Global had a negative return on equity of 101.48% and a negative net margin of 22.20%. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.38) EPS. Equities analysts anticipate that Zeta Global will post -0.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors have recently modified their holdings of the business. Halpern Financial Inc. boosted its stake in Zeta Global by 18.6% during the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after purchasing an additional 830 shares during the period. Optas LLC acquired a new stake in shares of Zeta Global in the 4th quarter worth approximately $88,000. Blue Trust Inc. lifted its stake in shares of Zeta Global by 22.8% in the 4th quarter. Blue Trust Inc. now owns 10,960 shares of the company’s stock worth $92,000 after acquiring an additional 2,037 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of Zeta Global in the 4th quarter worth approximately $100,000. Finally, SlateStone Wealth LLC acquired a new stake in shares of Zeta Global in the 1st quarter worth approximately $135,000. Institutional investors own 75.82% of the company’s stock.

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.