Zeta Global (NYSE:ZETA) Rating Reiterated by Needham & Company LLC

Zeta Global (NYSE:ZETA)‘s stock had its “buy” rating reaffirmed by research analysts at Needham & Company LLC in a report issued on Wednesday, Benzinga reports. They currently have a $36.00 price objective on the stock. Needham & Company LLC’s price objective suggests a potential upside of 13.05% from the company’s current price.

Several other brokerages have also weighed in on ZETA. Oppenheimer increased their price objective on shares of Zeta Global from $20.00 to $29.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Canaccord Genuity Group boosted their price objective on shares of Zeta Global from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Bank of America lifted their price objective on Zeta Global from $30.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Roth Mkm lifted their target price on shares of Zeta Global from $33.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, Morgan Stanley cut shares of Zeta Global from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $18.00 to $30.00 in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $34.25.

Zeta Global Stock Up 4.8 %

NYSE ZETA opened at $31.85 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98. The firm has a 50-day simple moving average of $26.25 and a 200 day simple moving average of $19.32. The stock has a market cap of $7.00 billion, a PE ratio of -30.04 and a beta of 1.27. Zeta Global has a twelve month low of $7.38 and a twelve month high of $32.11.

Zeta Global (NYSE:ZETA) last issued its earnings results 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). Zeta Global had a negative net margin of 17.76% and a negative return on equity of 79.03%. The business had revenue of $227.80 million during the quarter, compared to the consensus estimate of $212.44 million. During the same period last year, the business posted ($0.32) EPS. The firm’s revenue for the quarter was up 32.6% compared to the same quarter last year. On average, research analysts forecast that Zeta Global will post -0.41 EPS for the current year.

Hedge Funds Weigh In On Zeta Global

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ophir Asset Management Pty Ltd acquired a new stake in Zeta Global in the fourth quarter worth about $19,682,000. D. E. Shaw & Co. Inc. increased its stake in shares of Zeta Global by 1,444.8% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,847,610 shares of the company’s stock worth $32,610,000 after acquiring an additional 1,728,005 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Zeta Global in the 2nd quarter valued at approximately $28,698,000. 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 purchasing an additional 1,076,208 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Zeta Global by 85.4% in the second quarter. Renaissance Technologies LLC now owns 2,019,000 shares of the company’s stock valued at $35,635,000 after buying an additional 929,800 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.