Needham & Company LLC Reaffirms “Buy” Rating for Zeta Global (NYSE:ZETA)

Needham & Company LLC reaffirmed their buy rating on shares of Zeta Global (NYSE:ZETA) in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a $36.00 price target on the stock.

A number of other equities research analysts also recently weighed in on ZETA. Royal Bank of Canada raised their target price on Zeta Global from $29.00 to $34.00 and gave the company an outperform rating in a report on Friday, September 27th. DA Davidson raised their price objective on Zeta Global from $30.00 to $35.00 and gave the company a buy rating in a research note on Monday, September 23rd. Roth Mkm boosted their target price on Zeta Global from $33.00 to $44.00 and gave the stock a buy rating in a research note on Tuesday, October 1st. Morgan Stanley downgraded shares of Zeta Global from an overweight rating to an equal weight rating and raised their price target for the company from $18.00 to $30.00 in a research note on Thursday, August 1st. Finally, Barclays lifted their price target on shares of Zeta Global from $18.00 to $28.00 and gave the company an overweight rating in a report on Thursday, August 1st. One 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. Based on data from MarketBeat, Zeta Global presently has an average rating of Buy and a consensus price target of $35.00.

Zeta Global Stock Up 1.2 %

ZETA stock opened at $31.66 on Wednesday. Zeta Global has a 52 week low of $7.38 and a 52 week high of $34.14. The business has a 50-day simple moving average of $26.81 and a 200 day simple moving average of $19.64. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.85. The company has a market cap of $6.93 billion, a PE ratio of -29.87 and a beta of 1.27.

Zeta Global (NYSE:ZETA) last issued 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 firm 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%. Zeta Global’s quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.32) earnings per share. Sell-side analysts anticipate that Zeta Global will post -0.41 EPS for the current fiscal year.

Institutional Trading of Zeta Global

A number of institutional investors and hedge funds have recently bought and sold shares of ZETA. Vanguard Group Inc. grew its position in shares of Zeta Global by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 16,717,605 shares of the company’s stock valued at $182,723,000 after buying an additional 431,077 shares during the last quarter. Granahan Investment Management LLC boosted its holdings in Zeta Global by 15.3% in the fourth quarter. Granahan Investment Management LLC now owns 8,112,729 shares of the company’s stock valued at $71,554,000 after acquiring an additional 1,076,208 shares during the last quarter. Clearbridge Investments LLC increased its position in Zeta Global by 2.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,030,639 shares of the company’s stock valued at $33,125,000 after purchasing an additional 77,962 shares during the period. Ophir Asset Management Pty Ltd bought a new position in Zeta Global during the 4th quarter worth approximately $19,682,000. Finally, Renaissance Technologies LLC lifted its position in shares of Zeta Global by 85.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock worth $35,635,000 after purchasing an additional 929,800 shares during the period. 75.82% of the stock is currently owned by institutional investors and hedge funds.

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.