Zeta Global (NASDAQ:ZETA) Price Target Raised to $24.00 at B. Riley

Zeta Global (NASDAQ:ZETA) had its price target boosted by B. Riley from $18.50 to $24.00 in a research report released on Friday morning, Benzinga reports. B. Riley currently has a buy rating on the stock.

Several other analysts have also recently weighed in on ZETA. DA Davidson lifted their price target on Zeta Global from $15.00 to $19.00 and gave the stock a buy rating in a report on Tuesday, May 7th. Oppenheimer lifted their price target on Zeta Global from $18.00 to $20.00 and gave the stock an outperform rating in a report on Tuesday, July 9th. Truist Financial assumed coverage on Zeta Global in a report on Monday, July 15th. They set a buy rating and a $23.00 price target for the company. Barclays lifted their price target on Zeta Global from $15.00 to $18.00 and gave the stock an overweight rating in a report on Tuesday, May 7th. Finally, Canaccord Genuity Group raised Zeta Global to a strong-buy rating in a report on Tuesday, May 7th. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Buy and a consensus target price of $21.42.

Zeta Global Stock Performance

ZETA opened at $20.55 on Friday. Zeta Global has a 12-month low of $7.24 and a 12-month high of $20.99. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of -19.39 and a beta of 1.23. The business has a 50 day moving average of $17.12 and a 200-day moving average of $13.06. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.96.

Zeta Global (NASDAQ:ZETA) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.02. Zeta Global had a negative return on equity of 101.48% and a negative net margin of 22.20%. The company had revenue of $195.00 million during the quarter, compared to analysts’ expectations of $187.16 million. During the same period last year, the firm posted ($0.38) earnings per share. The business’s revenue was up 23.7% on a year-over-year basis. On average, equities research analysts expect that Zeta Global will post -0.37 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

Hedge funds and other institutional investors have recently modified their holdings of the business. Halpern Financial Inc. increased its stake in shares of Zeta Global by 18.6% in 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 last quarter. Optas LLC bought a new position in shares of Zeta Global in the 4th quarter valued at $88,000. Blue Trust Inc. increased 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 valued at $92,000 after purchasing an additional 2,037 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Zeta Global in the 4th quarter valued at $100,000. Finally, SlateStone Wealth LLC bought a new position in shares of Zeta Global in the 1st quarter valued at $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.