Needham & Company LLC Increases Zeta Global (NYSE:ZETA) Price Target to $36.00

Zeta Global (NYSE:ZETA) had its target price lifted by Needham & Company LLC from $33.00 to $36.00 in a research note published on Monday, Benzinga reports. Needham & Company LLC currently has a buy rating on the stock.

A number of other brokerages have also recently issued reports on ZETA. B. Riley reaffirmed a buy rating and issued a $30.00 target price (up from $24.00) on shares of Zeta Global in a report on Thursday, August 1st. Canaccord Genuity Group raised their price target on Zeta Global from $28.00 to $30.00 and gave the company a buy rating in a research report on Friday, September 6th. Truist Financial reiterated a buy rating and issued a $35.00 price objective (up from $30.00) on shares of Zeta Global in a research report on Friday, September 27th. Royal Bank of Canada upped their target price on Zeta Global from $29.00 to $34.00 and gave the company an outperform rating in a research note on Friday, September 27th. Finally, Bank of America boosted their price target on Zeta Global from $30.00 to $36.00 and gave the stock a buy rating in a report on Thursday, September 26th. One 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 stock. Based on data from MarketBeat, the company has a consensus rating of Buy and an average price target of $34.25.

Zeta Global Stock Performance

Shares of ZETA stock opened at $29.88 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. Zeta Global has a 12-month low of $7.38 and a 12-month high of $32.11. The company has a market cap of $6.54 billion, a price-to-earnings ratio of -28.19 and a beta of 1.27. The stock has a 50 day simple moving average of $25.46 and a 200-day simple moving average of $18.71.

Zeta Global (NYSE:ZETA) last released its earnings results on Wednesday, July 31st. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $227.80 million during the quarter, compared to analyst estimates of $212.44 million. During the same period last year, the business posted ($0.32) EPS. Zeta Global’s revenue was up 32.6% compared to the same quarter last year. On average, equities analysts forecast that Zeta Global will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Zeta Global in the second quarter valued at approximately $7,713,000. Point72 Asset Management L.P. boosted its holdings in shares of Zeta Global by 10.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 57,859 shares of the company’s stock valued at $1,021,000 after purchasing an additional 5,259 shares during the last quarter. Algert Global LLC grew its stake in shares of Zeta Global by 23.1% during the 2nd quarter. Algert Global LLC now owns 118,667 shares of the company’s stock valued at $2,094,000 after buying an additional 22,237 shares during the period. Susquehanna Fundamental Investments LLC increased its holdings in shares of Zeta Global by 18.1% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 103,184 shares of the company’s stock worth $1,821,000 after buying an additional 15,800 shares during the last quarter. Finally, Scientech Research LLC purchased a new position in shares of Zeta Global in the 2nd quarter worth $265,000. 75.82% of the stock is currently owned by hedge funds and other institutional investors.

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.