Zeta Global (NYSE:ZETA) Price Target Increased to $39.00 by Analysts at DA Davidson

Zeta Global (NYSE:ZETA) had its price objective increased by stock analysts at DA Davidson from $35.00 to $39.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. DA Davidson’s target price suggests a potential upside of 15.21% from the company’s current price.

Other research analysts have also issued reports about the stock. Barclays upped their price objective on shares of Zeta Global from $18.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Morgan Stanley lowered Zeta Global from an “overweight” rating to an “equal weight” rating and upped their price objective for the stock from $18.00 to $30.00 in a research note on Thursday, August 1st. Bank of America lifted their target price on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. B. Riley increased their price target on shares of Zeta Global from $30.00 to $37.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, Oppenheimer increased their target price on Zeta Global from $20.00 to $29.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $35.00.

Zeta Global Stock Performance

Zeta Global stock traded up $2.01 during mid-day trading on Wednesday, reaching $33.85. 2,745,030 shares of the company’s stock were exchanged, compared to its average volume of 2,390,927. The firm has a market capitalization of $7.45 billion, a PE ratio of -31.93 and a beta of 1.27. Zeta Global has a one year low of $7.38 and a one year high of $34.14. 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 business’s fifty day simple moving average is $26.25 and its 200 day simple moving average is $19.32.

Zeta Global (NYSE:ZETA) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.26). The business had revenue of $227.80 million for the quarter, compared to the consensus estimate of $212.44 million. Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The business’s revenue was up 32.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.32) EPS. On average, sell-side analysts expect that Zeta Global will post -0.41 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. CWM LLC grew its holdings in Zeta Global by 1,682.3% in the third quarter. CWM LLC now owns 5,240 shares of the company’s stock worth $156,000 after purchasing an additional 4,946 shares during the last quarter. Diversified Trust Co acquired a new position in Zeta Global during the 3rd quarter valued at about $463,000. Handelsbanken Fonder AB raised its stake in Zeta Global by 35.2% in the third quarter. Handelsbanken Fonder AB now owns 39,200 shares of the company’s stock valued at $1,169,000 after buying an additional 10,200 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Zeta Global in the second quarter worth about $7,713,000. Finally, Point72 Asset Management L.P. raised its position in shares of Zeta Global by 10.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 57,859 shares of the company’s stock valued at $1,021,000 after purchasing an additional 5,259 shares during the last quarter. Institutional investors own 75.82% of the company’s stock.

About Zeta Global

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.