Zeta Global (NYSE:ZETA) Price Target Increased to $35.00 by Analysts at Canaccord Genuity Group

Zeta Global (NYSE:ZETA) had its target price boosted by Canaccord Genuity Group from $30.00 to $35.00 in a research note issued to investors on Wednesday, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Bank of America raised their price objective on Zeta Global from $30.00 to $36.00 and gave the company a buy rating in a research report on Thursday, September 26th. Craig Hallum raised their price target on Zeta Global from $35.00 to $37.00 and gave the company a buy rating in a report on Friday, September 27th. Royal Bank of Canada reaffirmed an outperform rating and issued a $34.00 price objective on shares of Zeta Global in a research note on Wednesday. Barclays increased their target price on Zeta Global from $18.00 to $28.00 and gave the company an overweight rating in a research report on Thursday, August 1st. Finally, Oppenheimer boosted their price target on shares of Zeta Global from $20.00 to $29.00 and gave the stock an outperform rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Zeta Global currently has a consensus rating of Buy and an average target price of $35.00.

Zeta Global Stock Up 1.2 %

NYSE ZETA opened at $31.67 on Wednesday. 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 $34.14. The stock’s 50 day moving average is $26.81 and its 200 day moving average is $19.71. The stock has a market cap of $6.97 billion, a PE ratio of -35.99 and a beta of 1.27.

Zeta Global (NYSE:ZETA) last released its 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). The company had revenue of $227.80 million during the quarter, compared to analysts’ expectations of $212.44 million. Zeta Global had a negative return on equity of 79.03% 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 last year, the firm posted ($0.32) EPS. Research analysts predict that Zeta Global will post -0.41 EPS for the current fiscal year.

Institutional Investors Weigh In On Zeta Global

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