Royal Bank of Canada Boosts Zeta Global (NYSE:ZETA) Price Target to $34.00

Zeta Global (NYSE:ZETA) had its target price hoisted by Royal Bank of Canada from $29.00 to $34.00 in a report published on Friday, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also weighed in on ZETA. Morgan Stanley lowered shares of Zeta Global from an overweight rating to an equal weight rating and boosted their target price for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. Oppenheimer boosted their target price on shares of Zeta Global from $20.00 to $29.00 and gave the company an outperform rating in a research note on Thursday, August 1st. Bank of America boosted their target price on shares of Zeta Global from $30.00 to $36.00 and gave the company a buy rating in a research note on Thursday. Barclays upped their price target on shares of Zeta Global from $18.00 to $28.00 and gave the stock an overweight rating in a research report on Thursday, August 1st. Finally, Truist Financial restated a buy rating and set a $30.00 price target (up previously from $23.00) on shares of Zeta Global in a research report on Thursday, August 1st. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Zeta Global currently has a consensus rating of Buy and an average target price of $32.50.

Zeta Global Trading Down 0.8 %

ZETA opened at $29.51 on Friday. The stock has a market capitalization of $6.46 billion, a PE ratio of -27.84 and a beta of 1.26. The firm’s fifty day moving average price is $24.92 and its 200 day moving average price is $18.36. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. Zeta Global has a 12-month low of $7.38 and a 12-month high of $32.11.

Zeta Global (NYSE: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 company had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The company’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. As a group, research analysts expect that Zeta Global will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Halpern Financial Inc. lifted its holdings in Zeta Global by 18.6% in the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock valued at $56,000 after acquiring an additional 830 shares during the last quarter. Amalgamated Bank lifted its holdings in Zeta Global by 20.0% in the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock valued at $100,000 after acquiring an additional 948 shares during the last quarter. Counterpoint Mutual Funds LLC lifted its holdings in Zeta Global by 9.4% in the 1st quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock valued at $136,000 after acquiring an additional 1,065 shares during the last quarter. Essex Investment Management Co. LLC lifted its holdings in Zeta Global by 0.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 227,417 shares of the company’s stock valued at $2,486,000 after acquiring an additional 1,233 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in Zeta Global by 4.6% in the 2nd quarter. Arizona State Retirement System now owns 45,060 shares of the company’s stock valued at $795,000 after acquiring an additional 1,980 shares during the last quarter. 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.