Zeta Global (NYSE:ZETA) Price Target Raised to $39.00

by · The Cerbat Gem

Zeta Global (NYSE:ZETA – Get Free Report) had its target price raised by stock analysts at DA Davidson from $35.00 to $39.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 24.60% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Truist Financial reiterated a “buy” rating and issued a $35.00 price objective (up from $30.00) on shares of Zeta Global in a report on Friday, September 27th. Barclays upped their target price on Zeta Global from $18.00 to $28.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Needham & Company LLC reissued a “buy” rating and set a $36.00 price target on shares of Zeta Global in a research note on Wednesday. Craig Hallum upped 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. Finally, B. Riley lifted their target price on shares of Zeta Global from $30.00 to $37.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zeta Global currently has an average rating of “Buy” and an average price target of $35.00.

Read Our Latest Stock Report on ZETA

Zeta Global Stock Down 5.5 %

ZETA stock opened at $31.30 on Wednesday. Zeta Global has a 1-year low of $7.38 and a 1-year high of $34.14. The stock has a market cap of $6.85 billion, a price-to-earnings ratio of -29.53 and a beta of 1.27. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $26.63 and its 200 day moving average is $19.50.

Zeta Global (NYSE:ZETA – Get Free Report) last posted its quarterly earnings data 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 company had revenue of $227.80 million for the quarter, compared to analysts’ expectations of $212.44 million. During the same quarter last year, the business posted ($0.32) EPS. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. Sell-side analysts predict that Zeta Global will post -0.41 EPS for the current fiscal year.

Institutional Trading of Zeta Global

Several large investors have recently modified their holdings of ZETA. Juncture Wealth Strategies LLC raised its position in Zeta Global by 3.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 21,226 shares of the company’s stock valued at $633,000 after purchasing an additional 634 shares during the last quarter. Halpern Financial Inc. increased its stake 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. Essex Investment Management Co. LLC lifted its stake in Zeta Global by 0.3% in the third quarter. Essex Investment Management Co. LLC now owns 306,305 shares of the company’s stock worth $9,137,000 after acquiring an additional 856 shares during the period. Amalgamated Bank lifted its stake in 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 acquiring an additional 948 shares during the period. Finally, Counterpoint Mutual Funds LLC increased its position in Zeta Global by 9.4% during the 1st quarter. Counterpoint Mutual Funds LLC now owns 12,404 shares of the company’s stock valued at $136,000 after purchasing an additional 1,065 shares during the period. 75.82% of the stock is owned by institutional investors.

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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