DA Davidson Reaffirms Buy Rating for Zeta Global (NASDAQ:ZETA)

DA Davidson reissued their buy rating on shares of Zeta Global (NASDAQ:ZETA) in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a $30.00 target price on the stock.

ZETA has been the subject of several other reports. Royal Bank of Canada raised their price objective on Zeta Global from $23.00 to $29.00 and gave the stock an outperform rating in a research note on Thursday, August 1st. Bank of America lifted their price target on Zeta Global from $18.00 to $20.00 and gave the company a buy rating in a research report on Monday, June 24th. Oppenheimer lifted their price target on Zeta Global from $20.00 to $29.00 and gave the stock an outperform rating in a research note on Thursday, August 1st. Barclays lifted their price target on Zeta Global from $18.00 to $28.00 and gave the stock an overweight rating in a research note on Thursday, August 1st. Finally, Morgan Stanley lowered 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 note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of $29.75.

Zeta Global Stock Performance

ZETA stock opened at $26.97 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The business’s fifty day simple moving average is $22.67 and its two-hundred day simple moving average is $16.85. Zeta Global has a twelve month low of $7.38 and a twelve month high of $27.39. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of -25.44 and a beta of 1.26.

Zeta Global (NASDAQ:ZETA) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.26). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The firm had revenue of $227.80 million for the quarter, compared to analysts’ expectations of $212.44 million. During the same quarter in the prior year, the business posted ($0.32) EPS. The business’s quarterly revenue was up 32.6% on a year-over-year basis. Analysts predict that Zeta Global will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On Zeta Global

A number of hedge funds have recently made changes to their positions in ZETA. Quest Partners LLC boosted its position in shares of Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after buying an additional 2,183 shares during the period. Halpern Financial Inc. grew its position in Zeta Global by 18.6% during the first quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after buying an additional 830 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Zeta Global during the second quarter worth about $99,000. Amalgamated Bank grew its position in Zeta Global by 20.0% during the second quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after buying an additional 948 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Zeta Global during the second quarter valued at approximately $105,000. Institutional investors 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.