Zeta Global (NYSE:ZETA) Price Target Raised to $35.00

by · The Cerbat Gem

Zeta Global (NYSE:ZETA – Free Report) had its price target raised by Canaccord Genuity Group from $30.00 to $35.00 in a report released on Wednesday, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other research firms also recently weighed in on ZETA. Bank of America lifted their price objective on Zeta Global from $30.00 to $36.00 and gave the company a buy rating in a report on Thursday, September 26th. Morgan Stanley lowered shares of Zeta Global from an overweight rating to an equal weight rating and boosted their price target for the company from $18.00 to $30.00 in a report on Thursday, August 1st. Craig Hallum increased their price objective on shares of Zeta Global from $35.00 to $37.00 and gave the company a buy rating in a research note on Friday, September 27th. Truist Financial reissued a buy rating and set a $35.00 price objective (up from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Finally, Needham & Company LLC restated a buy rating and set a $36.00 target price on shares of Zeta Global in a report on Wednesday. One analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Buy and a consensus price target of $35.00.

Read Our Latest Stock Report on ZETA

Zeta Global Price Performance

Shares of ZETA stock opened at $31.67 on Wednesday. The company’s 50-day simple moving average is $26.81 and its two-hundred day simple moving average is $19.71. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.98 and a quick ratio of 1.98. Zeta Global has a one year low of $7.38 and a one year high of $34.14. The company has a market capitalization of $6.97 billion, a P/E ratio of -35.99 and a beta of 1.27.

Zeta Global (NYSE:ZETA – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.16) earnings per share (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 the consensus estimate of $212.44 million. Zeta Global had a negative return on equity of 79.03% and a negative net margin of 17.76%. The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. During the same period last year, the company earned ($0.32) EPS. As a group, equities analysts anticipate that Zeta Global will post -0.41 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quest Partners LLC boosted its holdings in Zeta Global by 1,718.9% in the second quarter. Quest Partners LLC now owns 2,310 shares of the company’s stock worth $41,000 after acquiring an additional 2,183 shares in the last quarter. CWM LLC raised its position in shares of Zeta Global by 1,682.3% in the 3rd quarter. CWM LLC now owns 5,240 shares of the company’s stock valued at $156,000 after purchasing an additional 4,946 shares during the last quarter. Halpern Financial Inc. boosted its stake in Zeta Global by 18.6% in the 1st quarter. Halpern Financial Inc. now owns 5,300 shares of the company’s stock worth $56,000 after purchasing an additional 830 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Zeta Global during the 2nd quarter worth approximately $99,000. Finally, Amalgamated Bank grew its position in Zeta Global by 20.0% during the 2nd quarter. Amalgamated Bank now owns 5,691 shares of the company’s stock worth $100,000 after purchasing an additional 948 shares during the last quarter. 75.82% of the stock is owned by institutional investors and hedge funds.

About Zeta Global

(Get Free Report)

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.

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