Needham & Company LLC Raises Zeta Global (NASDAQ:ZETA) Price Target to $28.00

Zeta Global (NASDAQ:ZETA) had its price target raised by Needham & Company LLC from $20.00 to $28.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

ZETA has been the topic of a number of other reports. Bank of America boosted their price target on shares of Zeta Global from $18.00 to $20.00 and gave the stock a buy rating in a report on Monday, June 24th. B. Riley reissued a buy rating and set a $30.00 target price (up from $24.00) on shares of Zeta Global in a research report on Thursday. Truist Financial reaffirmed a buy rating and issued a $30.00 price target (up previously from $23.00) on shares of Zeta Global in a report on Thursday. Craig Hallum increased their price objective on Zeta Global from $22.00 to $32.00 and gave the company a buy rating in a report on Thursday. Finally, Royal Bank of Canada boosted their target price on Zeta Global from $23.00 to $29.00 and gave the company an outperform rating in a research note on Thursday. One research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Buy and a consensus price target of $28.00.

Zeta Global Trading Down 4.1 %

Shares of ZETA stock opened at $23.01 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.89 and a current ratio of 1.89. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of -21.71 and a beta of 1.23. Zeta Global has a 52-week low of $7.24 and a 52-week high of $25.53. The company has a 50-day simple moving average of $17.96 and a two-hundred day simple moving average of $13.93.

Zeta Global (NASDAQ:ZETA) last released its earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.26). The business had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 83.92%. The business’s revenue was up 32.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.32) earnings per share. Research analysts anticipate that Zeta Global will post -0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Several hedge funds have recently bought and sold shares of the company. Praesidium Investment Management Company LLC grew its position in shares of Zeta Global by 1,549.5% during the 4th quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after purchasing an additional 5,806,578 shares in the last quarter. Capital World Investors purchased a new position in Zeta Global during the fourth quarter worth about $23,560,000. Ophir Asset Management Pty Ltd bought a new position in Zeta Global in the 4th quarter worth about $19,682,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Zeta Global in the 4th quarter valued at about $18,664,000. Finally, Granahan Investment Management LLC boosted its position in shares of Zeta Global by 15.3% during the 4th quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after acquiring an additional 1,076,208 shares during the last quarter. Hedge funds and other 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.