Zeta Global (NASDAQ:ZETA) PT Raised to $32.00

Zeta Global (NASDAQ:ZETA) had its target price hoisted by Craig Hallum from $22.00 to $32.00 in a research report report published on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity Group lifted their target price on shares of Zeta Global from $20.00 to $28.00 and gave the stock a buy rating in a research note on Thursday. Morgan Stanley downgraded shares of Zeta Global from an overweight rating to an equal weight rating and boosted their price objective for the stock from $18.00 to $30.00 in a research report on Thursday. Roth Mkm lifted their price objective on shares of Zeta Global from $21.00 to $33.00 and gave the company a buy rating in a research report on Tuesday, May 21st. B. Riley upped their price target on Zeta Global from $18.50 to $24.00 and gave the stock a buy rating in a report on Friday, July 19th. Finally, DA Davidson boosted their price objective on shares of Zeta Global from $15.00 to $19.00 and gave the company a buy rating in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus target price of $28.00.

Zeta Global Trading Down 4.1 %

Shares of ZETA opened at $23.01 on Thursday. Zeta Global has a twelve month low of $7.24 and a twelve month high of $25.53. The company’s fifty day simple moving average is $17.96 and its 200-day simple moving average is $13.93. The company has a market cap of $5.03 billion, a P/E ratio of -21.71 and a beta of 1.23. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.96.

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 analysts’ consensus estimates of $0.10 by ($0.26). The firm had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative return on equity of 83.92% and a negative net margin of 17.76%. Zeta Global’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.32) EPS. As a group, analysts expect that Zeta Global will post -0.37 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

Hedge funds have recently made changes to their positions in the business. Praesidium Investment Management Company LLC raised its position in shares of Zeta Global by 1,549.5% in the fourth 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 during the period. Capital World Investors bought a new stake in Zeta Global during the 4th quarter worth about $23,560,000. Ophir Asset Management Pty Ltd bought a new position in shares of Zeta Global in the 4th quarter valued at about $19,682,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Zeta Global in the 4th quarter valued at approximately $18,664,000. Finally, Granahan Investment Management LLC raised its position in shares of Zeta Global by 15.3% in 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 period. Institutional investors and hedge funds own 75.82% of the company’s stock.

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.