Royal Bank of Canada Boosts Zeta Global (NASDAQ:ZETA) Price Target to $29.00

Zeta Global (NASDAQ:ZETA) had its target price raised by Royal Bank of Canada from $23.00 to $29.00 in a research note released on Thursday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Craig Hallum boosted their price objective on Zeta Global from $22.00 to $32.00 and gave the company a buy rating in a research note on Thursday. Truist Financial reiterated a buy rating and issued a $30.00 price objective (up previously from $23.00) on shares of Zeta Global in a research report on Thursday. Morgan Stanley downgraded Zeta Global from an overweight rating to an equal weight rating and raised their price objective for the stock from $18.00 to $30.00 in a report on Thursday. Canaccord Genuity Group raised Zeta Global to a strong-buy rating in a research report on Tuesday, May 7th. Finally, Canaccord Genuity Group boosted their price target on Zeta Global from $20.00 to $28.00 and gave the stock a buy rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Zeta Global has a consensus rating of Buy and a consensus price target of $28.00.

Zeta Global Stock Down 6.0 %

ZETA traded down $1.43 on Thursday, reaching $22.56. The company’s stock had a trading volume of 879,274 shares, compared to its average volume of 2,125,890. The stock has a 50 day moving average of $17.85 and a two-hundred day moving average of $13.78. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.89 and a current ratio of 1.89. Zeta Global has a fifty-two week low of $7.24 and a fifty-two week high of $25.53.

Zeta Global (NASDAQ:ZETA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 83.92%. The firm had revenue of $227.80 million during the quarter, compared to analysts’ expectations of $212.44 million. During the same quarter in the prior year, the firm posted ($0.32) EPS. Zeta Global’s quarterly revenue was up 32.6% compared to the same quarter last year. On average, research analysts predict that Zeta Global will post -0.37 EPS for the current year.

Institutional Trading of Zeta Global

A number of institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its holdings in shares of Zeta Global by 22.2% in the second quarter. Rhumbline Advisers now owns 229,432 shares of the company’s stock valued at $4,049,000 after purchasing an additional 41,688 shares in the last quarter. Natixis Advisors LLC bought a new stake in shares of Zeta Global in the second quarter valued at about $248,000. nVerses Capital LLC lifted its holdings in shares of Zeta Global by 1,900.0% in the second quarter. nVerses Capital LLC now owns 12,000 shares of the company’s stock valued at $212,000 after purchasing an additional 11,400 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Zeta Global by 17.6% in the second quarter. Principal Financial Group Inc. now owns 22,220 shares of the company’s stock valued at $392,000 after purchasing an additional 3,326 shares in the last quarter. Finally, Panagora Asset Management Inc. bought a new stake in shares of Zeta Global in the second quarter valued at about $463,000. 75.82% of the stock is currently owned by institutional investors.

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.