Zeta Global (NYSE:ZETA) Price Target Raised to $36.00

Zeta Global (NYSE:ZETA) had its price objective raised by Bank of America from $30.00 to $36.00 in a research note issued to investors on Thursday morning, Benzinga reports. They currently have a buy rating on the stock.

ZETA has been the subject of several other research reports. Canaccord Genuity Group increased their target price on shares of Zeta Global from $28.00 to $30.00 and gave the stock a buy rating in a research note on Friday, September 6th. Craig Hallum increased their price objective on shares of Zeta Global from $32.00 to $35.00 and gave the stock a buy rating in a research report on Friday, September 6th. Royal Bank of Canada boosted their target price on Zeta Global from $23.00 to $29.00 and gave the company an outperform rating in a research report on Thursday, August 1st. Oppenheimer raised their price target on Zeta Global from $20.00 to $29.00 and gave the stock an outperform rating in a research report on Thursday, August 1st. Finally, Barclays boosted their price objective on Zeta Global from $18.00 to $28.00 and gave the company an overweight rating in a report on Thursday, August 1st. One equities research 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 currently has a consensus rating of Buy and an average target price of $32.50.

Zeta Global Stock Performance

Shares of Zeta Global stock opened at $29.51 on Thursday. The business’s 50 day moving average price is $24.92 and its 200 day moving average price is $18.30. The company has a market cap of $6.49 billion, a price-to-earnings ratio of -27.84 and a beta of 1.26. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. Zeta Global has a one year low of $7.38 and a one year high of $32.11.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share 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 analyst estimates of $212.44 million. During the same period in the previous year, the firm posted ($0.32) EPS. The company’s revenue was up 32.6% compared to the same quarter last year. On average, research analysts predict that Zeta Global will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Zeta Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ZETA. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Zeta Global in the 2nd quarter valued at $7,713,000. Point72 Asset Management L.P. increased its stake in shares of Zeta Global by 10.0% during the second quarter. Point72 Asset Management L.P. now owns 57,859 shares of the company’s stock worth $1,021,000 after acquiring an additional 5,259 shares during the period. Algert Global LLC raised 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 worth $2,094,000 after buying an additional 22,237 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its position in Zeta Global by 18.1% in the second quarter. Susquehanna Fundamental Investments LLC now owns 103,184 shares of the company’s stock worth $1,821,000 after acquiring an additional 15,800 shares in the last quarter. Finally, Scientech Research LLC acquired a new stake in Zeta Global in the second quarter valued at $265,000. Hedge funds and other 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.