Zeta Global (NASDAQ:ZETA) Research Coverage Started at Royal Bank of Canada

Stock analysts at Royal Bank of Canada initiated coverage on shares of Zeta Global (NASDAQ:ZETA) in a report issued on Tuesday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $20.00 price target on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 25.31% from the company’s previous close.

Other research analysts have also issued reports about the company. Morgan Stanley upped their target price on Zeta Global from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Oppenheimer upped their target price on Zeta Global from $14.00 to $18.00 and gave the company an “outperform” rating in a research note on Tuesday, May 7th. DA Davidson upped their target price on Zeta Global from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. William Blair restated an “outperform” rating on shares of Zeta Global in a research note on Wednesday, February 28th. Finally, B. Riley increased their price objective on Zeta Global from $15.50 to $18.50 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. Twelve research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Zeta Global has a consensus rating of “Buy” and an average target price of $20.32.

Zeta Global Stock Up 2.2 %

ZETA opened at $15.96 on Tuesday. Zeta Global has a 1-year low of $7.24 and a 1-year high of $18.58. 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 stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of -15.06 and a beta of 1.22. The business has a 50 day moving average of $15.23 and a 200-day moving average of $11.80.

Zeta Global (NASDAQ:ZETA) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.23) earnings per share 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 analysts’ expectations of $187.16 million. During the same period in the prior year, the business earned ($0.38) earnings per share. Zeta Global’s revenue for the quarter was up 23.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Zeta Global will post -0.38 earnings per share for the current year.

Institutional Trading of Zeta Global

A number of hedge funds and other institutional investors have recently made changes to their positions in ZETA. Praesidium Investment Management Company LLC increased its stake in shares of Zeta Global by 1,549.5% in the fourth quarter. Praesidium Investment Management Company LLC now owns 6,181,328 shares of the company’s stock valued at $54,519,000 after buying an additional 5,806,578 shares in the last quarter. Capital World Investors acquired a new stake in shares of Zeta Global in the fourth quarter valued at $23,560,000. Ophir Asset Management Pty Ltd acquired a new stake in shares of Zeta Global in the fourth quarter valued at $19,682,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Zeta Global in the fourth quarter valued at $18,664,000. Finally, Granahan Investment Management LLC increased its stake in shares of 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 buying an additional 1,076,208 shares in the last quarter. 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.