Zeta Global (NASDAQ:ZETA) Coverage Initiated at Truist Financial

Stock analysts at Truist Financial started coverage on shares of Zeta Global (NASDAQ:ZETA) in a report issued on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $23.00 price target on the stock. Truist Financial’s price target points to a potential upside of 14.03% from the company’s previous close.

A number of other research firms also recently weighed in on ZETA. Needham & Company LLC increased their target price on shares of Zeta Global from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Royal Bank of Canada initiated coverage on Zeta Global in a report on Tuesday, June 25th. They set an “outperform” rating and a $20.00 price target on the stock. Roth Mkm increased their price target on Zeta Global from $21.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Craig Hallum increased their price target on Zeta Global from $15.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Finally, DA Davidson increased their price target on Zeta Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th. Thirteen equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Zeta Global currently has a consensus rating of “Buy” and an average target price of $20.96.

Zeta Global Stock Up 5.3 %

Shares of NASDAQ ZETA opened at $20.17 on Monday. The stock has a 50-day moving average price of $16.84 and a two-hundred day moving average price of $12.80. Zeta Global has a 12 month low of $7.24 and a 12 month high of $20.18. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.96. The company has a market cap of $4.41 billion, a price-to-earnings ratio of -19.03 and a beta of 1.23.

Zeta Global (NASDAQ:ZETA) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.02. Zeta Global had a negative return on equity of 101.48% and a negative net margin of 22.20%. The company had revenue of $195.00 million during the quarter, compared to the consensus estimate of $187.16 million. During the same quarter in the prior year, the firm posted ($0.38) earnings per share. The firm’s revenue was up 23.7% compared to the same quarter last year. As a group, analysts forecast that Zeta Global will post -0.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Zeta Global

Several large investors have recently bought and sold shares of ZETA. Vanguard Group Inc. lifted its stake in Zeta Global by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,915,616 shares of the company’s stock valued at $132,895,000 after acquiring an additional 991,678 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Zeta Global during the 4th quarter valued at $352,000. Moody National Bank Trust Division increased its position in shares of Zeta Global by 25.3% during the 4th quarter. Moody National Bank Trust Division now owns 342,887 shares of the company’s stock valued at $3,024,000 after purchasing an additional 69,132 shares during the last quarter. Insight Wealth Strategies LLC purchased a new stake in shares of Zeta Global during the 4th quarter valued at $922,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Zeta Global during the 4th quarter valued at $203,000. 75.82% of the stock is currently owned by institutional investors.

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.