Zeta Global (NASDAQ:ZETA) PT Raised to $28.00

Zeta Global (NASDAQ:ZETA) had its target price raised by Barclays from $18.00 to $28.00 in a research note issued to investors on Thursday, Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also issued reports on the stock. Roth Mkm lifted their price target on shares of Zeta Global from $21.00 to $33.00 and gave the stock a buy rating in a research report on Tuesday, May 21st. Bank of America lifted their price target on shares of Zeta Global from $18.00 to $20.00 and gave the stock a buy rating in a research report on Monday, June 24th. Morgan Stanley cut shares of Zeta Global from an overweight rating to an equal weight rating and lifted their price objective for the stock from $18.00 to $30.00 in a research report on Thursday. Truist Financial reiterated a buy rating and set a $30.00 price objective (up from $23.00) on shares of Zeta Global in a research report on Thursday. Finally, Canaccord Genuity Group upgraded shares of Zeta Global to a strong-buy rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of $28.00.

Zeta Global Trading Down 4.1 %

Zeta Global 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 firm has a market cap of $5.03 billion, a price-to-earnings ratio of -21.71 and a beta of 1.23. Zeta Global has a 1 year low of $7.24 and a 1 year high of $25.53. The firm’s 50 day moving average price is $17.96 and its two-hundred day moving average price is $13.93.

Zeta Global (NASDAQ:ZETA) last posted its quarterly 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 analyst estimates of $212.44 million. Zeta Global had a negative return on equity of 83.92% and a negative net margin of 17.76%. The company’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.32) EPS. On average, research analysts predict that Zeta Global will post -0.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

Several institutional investors and hedge funds have recently modified their holdings of ZETA. George Kaiser Family Foundation grew its position in shares of Zeta Global by 891.8% in the fourth quarter. George Kaiser Family Foundation now owns 237,383 shares of the company’s stock valued at $2,094,000 after purchasing an additional 213,448 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Zeta Global by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 16,286,528 shares of the company’s stock valued at $143,647,000 after purchasing an additional 370,912 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Zeta Global by 99.3% in the first quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock valued at $6,062,000 after purchasing an additional 276,294 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Zeta Global in the first quarter valued at about $4,113,000. Finally, Scalar Gauge Management LLC acquired a new stake in shares of Zeta Global in the fourth quarter valued at about $6,411,000. Institutional investors and hedge funds 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.